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The Profit And Loss Account In Different Approaches. Advantages And Disadvantages


  • Man Mariana

    (University of Petrosani)

  • Gadau Liana

    (Spiru Haret University Bucharest)


The evolution, the development of increasingly complex activities emphasizes the utility,the necessity of the profit and loss account in the financial reporting by increasing the interest in theenterprise performance, especially for the dynamic information that this situation can provide.In this paper we propose to approach the profit and loss account in view of two representativereferential, namely in terms of IAS 1 standard The preparation and presentation of the financialstatements and the European Accounting Directives, aiming to emphasize the advantages, but also thelimits provided by this models. This way, will see which of these models of profit and loss accountrespond best to users’ needs. In the second part of the paper, we present the model for the profit andloss account proposed by the economist RJ Thacker. This model shows interest in terms of efficiency ofenterprise management. Even if this model has its limits, it deserves to be analysis thorough anelaborate study.

Suggested Citation

  • Man Mariana & Gadau Liana, 2010. "The Profit And Loss Account In Different Approaches. Advantages And Disadvantages," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(12), pages 1-13.
  • Handle: RePEc:alu:journl:v:1:y:2010:i:12:p:13

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    More about this item


    financial statements; profit and loss account; financial performance; results;

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting


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