THE CONCEPT OF PROFIT (LOSS) GENERATED IN SMEs AND A PROPOSAL METHOD FOR ITS DETERMINATION

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Profit or (loss) calculations in manufacturing SMEs (especially micro and small scale) become difficult due to the inadequacy of record order and in many of them the accounting entry are kept out of the operation and financially targeted results may not be achieved. Inadequacy of accounting entry also makes it difficult to make comparisons of the actual budget. SMEs need to have daily production numbers, income-expenditure data, cost data and budget-actual situation comparison information related to the enterprise in order to reach their targeted profits and take favorable measures. For this purpose, the concept of produced profit (loss) and a method proposal for its calculation, which is thought to contribute to SMEs having the aforementioned data and reaching their goals, is presented. As a result of the application of the proposed method in the study, it has been concluded that it is extremely effective in determining the negative deviations and making improvement decisions, and in obtaining favorable results by correcting the said negativities.

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Small and Medium Sized Enterprise (SME) , Generated Profit (Loss) , Income , Expense Calculation , Cost , Budget , Actual Situation Comparison

Abant Sosyal Bilimler Dergisi

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Abant Sosyal Bilimler Dergisi