This article provides proposals and recommendations on the main areas of improving accounting and auditing of financial results of business entities. An analysis of theoretical views on accounting and auditing of financial results was carried out. The use of financial indicators in the economic activity of the enterprise and correct accounting are of great importance in achieving the financial result. The financial result is an important criterion for attracting potential partners. Accounting standards in force in the country for accounting and auditing of financial results in economic entities are also covered.