Order of formation and representation in account of financial results of business activity of the enterprise

The article defines and summarizes the modern interpretation of the essence of financial results in normative legal acts and scientific publications. The attention was paid to the actual issues of financial results formation. The results of the enterprise are investigated at various stages of its activity, depending on their form, direction of use and the interested persons. It is substantiated that the method of determining the financial result, in accordance with the principles of accounting, is a variational value. The directions of the influence of the accounting policy elements on the financial results of the enterprise are determined and the ways of ensuring the objectivity of the choice of the elements of accounting policy are outlined.