1. FEATURES OF FORMATION INCOME STATEMENTS OF RUSSIAN JOINT STOCK COMPANIES.
- Author
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Grechenyuk, Anton and Grechenyuk, Olga
- Subjects
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STOCK companies , *FINANCIAL statements , *CORPORATE profits , *BUSINESS revenue - Abstract
The article is devoted to consideration process of formation financial results of Russian joint stock companies on the basis of the Income statements. We analyzed the composition, dynamics and structure of the various elements of revenues and expenses as well as profits of Russian companies. The study is based on data from the Income statements of 1000 Russian public and nonpublic joint stock companies for 2010-2013. To process and analyze the database we have been widely used tools of MS Excel. The analysis allowed identifying patterns, trends and the peculiarities of formation profits at different groups of Russian joint stock companies. We found that public joint stock companies compared to nonpublic companies have higher relative values of profits and a lower percentage of loss-making companies. This shows a higher efficiency of public joint stock companies, but over the period of research it reduced. [ABSTRACT FROM AUTHOR]
- Published
- 2016