INFLUENCE OF FACTORS ON MODIFICATIONS IN THE FINANCIAL RESULTS ACCOUNTING SYSTEM OF THE MAIN ACTIVITY OF CONSTRUCTION COMPANIES
A retrospective of the origin and interpretation of the economic essence of profit is examined. The substantiation of profit by representatives of various schools of political economy is covered. It is established that the beginning of in-depth scientific substantiation of profit is characteristic of the times of mercantilism. The research of representatives of classical political economy in the identification of profit is considered important. The subject of their attention was wealth and forms of its growth in order to meet social needs.
Theories of profit determination are identified. The main positions on the definition of profit are outlined by such theories as: compensatory, functional, factor, labor and psychological. The identification of profit in the current accounting standards is investigated. The peculiarities of construction are highlighted and their influence on key modifications in the system of accounting of incomes, expenses and financial results of activity of construction enterprises is outlined. Among the main features of construction are the following: duration of construction; real estate of construction products under the condition of constant movement of means and objects of labor; execution of construction works in the open area; the complexity of relationships and the diversity of participants in the construction process; territorial branching of construction objects. The components of accounting policy that affect the accounting of financial results of the main activities of construction companies are studied. Peculiarities of gross debt accounting in construction are considered.
It is determined that the accounting of gross debts is also an important issue today. The informational reflection of incomes, expenses, financial results of the basic activity of the construction enterprises in the financial and statistical reporting is presented. Modifications in the system of accounting for financial results of activities in the field of construction are an open discussion area of research.