ABOUT THE ECONOMIC ESSENCE OF THE FINANCIAL RESULT

Abstract

The article is devoted to the study of the role of financial results in the development of modern enterprises. The accuracy of financial results in their definition and interpretation determines the effectiveness of an enterprise, the sustainability of its development, and the quality of management decisions. Profit plays a special role in this regard, as it is not simply a final indicator of an organization's performance, but a concentrated expression of the results of resource utilization, the chosen strategy, and external environmental conditions. Its meaning is revealed through two interrelated interpretations—economic and accounting. In the accounting approach, profit is recorded as the accounting result of comparing income and expenses. The economic approach is broader: it allows for consideration of not only obvious effects but also the hidden benefits arising during business operations. The practical significance of financial results analysis is also evident in profitability assessment. These indicators allow us to determine not simply the presence of profit, but also the degree of enterprise efficiency. The methodology for calculating them becomes a tool for identifying the real return on the use of capital, property, costs, and other economic resources. This allows us to assess the quality of management and the prospects for the organization's future development. Financial results should therefore be understood as a multidimensional economic category that combines accounting results, economic impact, and an assessment of the company's operational efficiency. Their analysis allows us not only to determine the current state of the organization but also to identify growth potential associated with more efficient use of resources and improved management systems.ost planning in accordance with the goals and needs of an enterprise directly affects its financial results.