The result is the effect or consequence of an action, process or situation. This concept is applicable in different contexts.

The result, seen in another way, is the fruit or conclusion of an act or operation. For example, it can be stated: José Antonio obtained the promotion as a result of his great work during all these years.

Likewise, the result can also refer to the quality or usefulness of something. For example, we can say the following:

The economic policies of the new government have paid off in lowering the level of unemployment.

Accounting result

The accounting result corresponds to the difference between the income and expenses of a company in a given period. Thus, a profit or a loss can be made.

It should be noted that the accounting result is different from the tax result because the former may include expenses that are not deductible for the tax calculation. This is the case, for example, of fines or penalties. These reduce the profit of the firm, but cannot be included to estimate the net profit on which the corporation tax will be computed.

Imagine then that a company obtained an accounting result of 1,500 euros, but within its expenses it included a fine of 100 euros. Then, 100 euros must be added to arrive at the tax result, 1,600 euros (assuming there are no other expenses of this type).

Also, there is another type of expense such as depreciation that can be accelerated for tax purposes. In other words, although the company has considered a 20% decrease in the value of fixed assets in the accounting result, the treasury could allow a 30% reduction. Therefore, in the fiscal result, the depreciation expense will increase.

Other meanings

In mathematics, the result is what is obtained from an operation or set of operations, being an unalterable amount (as it is an exact science).

Likewise, within sport, the result is the balance of a competition, expressed as a percentage, for example a 2-3 of a United Kingdom soccer match against Spain, the latter being the winner.

The result, in broader terms, is the obtaining of an answer. This applies, for example, to medical tests that seek to determine whether or not a person is infected with a virus, or if they have a certain condition, as in pregnancy tests. In these cases, the test can be designed to yield only two conclusions: positive or negative.

Finally, in the academic field, the result corresponds to the grade obtained by the student in an evaluation, or it can also be applied to the resolution of a mathematical problem.

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