Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › terminology
- This topic has 3 replies, 2 voices, and was last updated 11 years ago by John Moffat.
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- September 9, 2013 at 1:52 pm #140177
Hi,
I got myself a bit confused when going through some of the past F9 questions recently, and wondered if you could clarify these terms for me please?
Would I be correct in saying that “PBIT”, “operating profit” and “net profit” are all terms that mean exactly same thing as each other? My confusion here is that I thought net profit was profit after interest and tax, until I checked the answers to the question.
Also, would I be correct in saying that “profit for the year” , “profit after interest and tax” and “earnings” are the same thing? When I saw the figure for earnings in question JJG Co (June 09) it took me a while to figure out exactly what they meant!
Thanks for your help.
September 9, 2013 at 3:09 pm #140184It is confusing because in other exams they may sometimes mean different.
However for F9, what you have typed is correct.
September 9, 2013 at 4:53 pm #140204Thanks for clarifying that for me.
September 10, 2013 at 8:58 am #140239You are welcome 🙂
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