Profit in the economy of the organization: the essence and approaches to interpretation
The purpose of this study is to identify differences and features in the interpretation of the profit’s essence as an economic category, formulate the economic content of balance sheet profit and establish its relationship with accounting. To achieve the goal of scientific research, the following methods were used: comparison, description, analysis, generalization, axiomatic method, analogy method. The results of the research can be formulated as follows: highlighted the key substantial aspects and approaches to the consideration of the profit’s nature, identified the arguments to retain balance sheet profit from the viewpoint of the mechanism of its formation and reflection in financial statements, highlighted its role in securing conformity between the amount of income and enterprises’ liabilities to the state recorded in the accounting records, suggested the generalizing definition of balance sheet profit.