FEATURES REFLECTION EXPENSES FROM ORDINARY ACTIVITIES IN THE ACCOUNTING AND TAX ACCOUNTING

The main purpose of enterprises in various industries and fields of activity is profit. The determining condition for increasing the profits of an economic entity remains the reduction of costs of production and marketing. Therefore, cost management issues are highly relevant to enterprises. However, the amount of expense recognized in the accounting, rarely coincides with the amount of charges taken in determining and accounting profit and the tax on it. This article describes how to reflect the costs of ordinary activities in the accounting and tax purposes and their distinctive features, allowing to establish the reasons for different cost estimates for the formation of financial results of activity of the organization.