Wednesday, November 20, 2013

Incidents - an event or transaction that is clearly different from the ordinary activities of the e

All young economists' ACCOUNTING INCOME, EXPENDITURE AND FINANCIAL RESULTS economic and financial activities TRADE ENTERPRISES
Prior to the financial statements include google play gift card balance google play gift card sheet, income statement, statement of cash flows, statement of shareholders' equity, notes and explanations. The financial statements should disclose all information about the actual and potential consequences of economic and financial activity. Quarterly google play gift card financial report is limited to balance google play gift card sheets google play gift card and income. google play gift card In the same volume is reduced by the number of indicators of financial statements of small businesses and representative offices of foreign legal entities.
The purpose of financial reporting is to provide users with full accountability, accurate and unbiased information about the financial position, results of operations and cash flows for the enterprise decision-making.
Main activity - is the operation associated with the production or sale of goods (works, services), which is the main purpose of creating the company and provide the bulk of its income
Other types of ordinary activities is another operating activities of the company other than the manufacture or sale of products google play gift card (goods and services), operating lease assets, realization google play gift card of current assets (excluding financial investments, etc.).
Incidents - an event or transaction that is clearly different from the ordinary activities of the enterprise and is not expected to be repeated periodically or at each subsequent reporting period. For emergencies include natural disasters, fires, technological accidents, etc., and other events that meet the definition of emergency.
The reporting period google play gift card for the financial statements is the calendar year. Balance sheet is at the end of the last day of the reporting period. Intermediate (monthly and quarterly) reporting is cumulative from the beginning of the reporting period.
The financial statements must be reliable. The information contained in the financial statements google play gift card is correct if it does not contain errors google play gift card and distortions that may affect the decisions of users reporting.
Financial google play gift card results of economic and financial activity for the period recognized in the income statement, which is in accordance with Regulation (Standard) Accounting 3. This Regulation defined the content and form of the Income Statement and the general requirements for the disclosure google play gift card of its articles. For small businesses might be a simplified form of the income statement.
The purpose of the statement of financial performance is to provide users with complete, accurate and unbiased information on revenues, expenses, gains and losses of the company during the reporting period.
To determine the financial results in the income statement to compare the cost reporting period that were made to obtain these revenues. The income and expenses reflect the accounting, but on the basis of accounting in the Income Statement at the time they occur, rather than at the time of receipt google play gift card or payment of money (accrual method).
In accrual method income in the Income Statement is shown at the time of receipt of the asset or repayment obligations that result in increases in equity companies (other than capital growth by contributions from participants). Expenses recognized in the statement at the time of disposal of an asset or an increase in liabilities that result in decrease in equity companies (except for reduction of capital due to its withdrawal or distribution to owners). Collapsing (overlap) income and expenses is not permitted except in accordance with the relevant provisions (standards).
Regulations "Income Statement" (paragraphs 12 - 37) is set to the economic content of items of income and expenditure and the procedure for determining the profit (loss) for the period. Requirements for the income statement and determine the requirements for the organization and accounting of revenues and costs. As in the Income Statement and the accounting isolated articles that make it possible to determine the profit or loss from ordinary activities google play gift card and extraordinary events, and in the ordinary course of business - from primary and other activities (financial and investment). This classification of income and expenses is essential for the objective evaluation of the company.
Instructions on the use of accounts allow cancellation google play gift card of incomes and expenditures on account google play gift card 79 "Financial results" once at the end of the year or monthly summary of revenues and expenses during the reporting period. The author believes that the cancellation of monthly income and expenses for the financial results google play gift card of economic and financial activity and closure of the relevant accounts is inappropriate. Ned

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