Accounting statements of the organization

The accounting reporting of the organization is a document of a unified form that fully discloses the financial condition of the firm, describes the property belonging to it, and reflects the results of its activities for a certain period. It should be noted that all the data presented in the report are considered interrelated and interdependent indicators. That is, the information is justified, the property of randomness does not possess.

So, the accounting reporting of the organization is developed periodically on the basis of the main book, which is maintained during the reporting period. In this case, the balance for each account of this book is considered. Records are made either on forms chosen by the enterprise independently, or the forms recommended and compiled by the Ministry of Finance are used.

According to the current legislation, any accounting reporting of the organization should contain the basic documents. These include the balance sheet, profit and loss account, possible annexes to the report or balance sheet, an explanatory note when making adjustments and an audit conclusion confirming the correctness of the calculations. When compiling a balance sheet, a comparative analysis of the data of the previous period and the reporting one is made. If, for some reason, these indicators do not correspond, the justification for such discrepancies should be contained in the explanatory note.

As a rule, reports are compiled on a monthly and quarterly basis, but the final balance sheet is the annual balance sheet. Interim reporting allows you to timely identify and address emerging problems and shortcomings in the work of certain units, which in the future will save the company from serious problems. The official deadline for the development of the annual report is the period from January 1 until December 31.

Accounting reporting PI can be conducted in two ways: conventional or in a simplified form. Moreover, the manager has the right to choose a specific scheme of the accountant's work at his own discretion. In addition, if a simplified form was first applied, and then there was a need to move on to a complex form, then the individual entrepreneur is entitled to make such a transition in the next reporting period. Of course, this procedure should be carried out with full compliance with the requirements of current legislation.

When an organization's financial statements are compiled , the specialist must clearly remember the basic principles and strictly observe them. For example, the method of drawing up a balance is fixed in the accounting policy of the enterprise. In addition, all the data entered in the reporting document must be supported by the bases, truthful and timely. Any operation should be reflected in the balance sheet, and the concealment of information is considered illegal. An important requirement is the need to fully match the input data with the final indicators of the past period. Amendments can only be made with an explanatory note attached.

In addition, each enterprise must audit the organization's accounting records, that is, verify the correctness and validity of each entry in the accounts, as well as the correctness of the calculation of key indicators. This check can be carried out by a special unit or an authorized person, and in some cases the enterprise considers it expedient to resort to the help of a specialized firm. If, based on the results of the audit, errors and shortcomings have been identified, the reporting is returned to the accountant to make appropriate adjustments.

The specialist is obliged to develop the report only in the national currency and in the language of our state. The current legislation identifies a group of economic entities whose duty is to publish the report in official printed publications. The financial statements of the organization should be printed and published no later than June of the next period.