Audit and economical analysis

Emergency benefits and losses analysis

The current profitability of the profit is estimated as part of its past year, with estimates of future expectations in the prognostic estimates of separate income and expense items. One such component is the immediate profit and loss.

Estimates of profit and loss are key to its repeatability. However, emergency substances do not have this property.

Therefore, it is important to consider the emergence of extraordinary benefits and damages in the study of this content.

Extraordinary loss (loss) is income or expense that is significantly different from ordinary activities of an undertaking, ie as a result of events or transactions that are not frequent or regular.

In order to reflect this or that item as an immediate cost, it must meet the following criteria:

- unusual business practices of an entity;

- should not be repeated for several years;

- not dependent on the decisions made by the managing staff.

Consideration should also be given to the circumstances in which decisions are made on the inclusion or exclusion of relevant substances in the emergency.

This range of profits and losses includes emergency situations, such as natural phenomena (earthquakes, landslides, storms, droughts, etc.), other natural disasters or socioeconomic situations (ie, the state of war, the state of siege, the state's interests, the prohibition of imports and exports, and so forth), with the immediate, indispensable and unforeseen circumstances of the particular circumstances.⁵⁶

Table 195

Emergency benefits and losses analysis