EIRP Proceedings, Vol 6 (2011)

Evolutions and Trends in Presenting the Profit and Loss Account as Part of the Annual Financial Statements

Ecaterina Necsulescu

Abstract


The financial performance is the engine of the evolution of financial position. It is an internal contribution to the increase of the financial position of the economic entity through the capability to generate reserves taken from the results of the period to be incorporated into the own equity. Unlike the balance sheet that provides a static picture at a given time, the profit and loss account offers a dynamic situation of the revenues and expenditures cumulated of the financial exercise.


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