What is an annual report
An annual report is a document containing information about the work of an organization for reporting period, equal to a calendar year, and performing reporting, information, presentation functions in any combination.

The report is based on real facts describing the various activities of the organization, its employees for a selected period of time. These can be both numerical parameters (receipt of funds, expenditure of funds) and descriptive characteristics (reviews of people to whom the work was addressed).

The report gives an overview of the organization as a whole, contains brief information about the history, current programs and projects, financial condition, the prospects for the development of the organization, one might say, contains a certain image of it.

What is an annual report for?
First of all, the presence of informative annual report testifies to the openness of the organization's policy regarding informing various circles of the public about its work. In other words, the presence of a good public annual report indicates that the organization has something to be proud of, nothing to hide, and it is ready to cooperate. And since having an annual report is gradually becoming a standard in the work of a modern, progressive, successful organization, having it will significantly enhance your image.

Do you want the image of your organization to match these characteristics? Then let's create a quality document together!

There are two common problems faced by various organizations and associations when interacting with society:
- lack of information about the organization
- Lack of trust in the organization.

A high-quality public annual report can go a long way towards solving these two problems. On the one hand, the reader will be able to get comprehensive information about your work and the current state of affairs, on the other hand, a competent report on quantitative and qualitative indicators and financial report will increase the degree of trust, speaks of the stability and transparency of work. This is very important factors in the matter of attracting partners, donors, and for non-profit organizations- volunteers or new employees.

On the other hand, writing an annual report is a good opportunity to bring together all the documents accumulated over the year, analyze all the events, draw conclusions, and build a strategy for further work. And on the basis of the received documents, you can prepare excellent presentation materials.
In other words, the annual report is needed not only by the public, it is needed first of all - by you!

Who needs an annual report
All potential readers of your organization's annual report can be roughly divided into three groups.

1. Employees, applicants who wish to work in your organization, partners who participate in the implementation of programs and projects, employees of organizations engaged in similar activities. This group of readers will search in the report detailed descriptions certain types of work, they will be more interested in the quality indicators of work, general conclusions for the past year, various data from the financial report, development prospects - in short, details.
2. Partners in financial activities, donors, grant givers, donors, representatives of supervising organizations, analysts. This group of readers will be primarily interested in the history, goals, mission, principles and methods of work of the organization, a report on the implementation of programs and projects, a financial report, development prospects - in short, information about the work done and the state of affairs of the organization.

3. Journalists covering various aspects of the activity, representatives of the target groups to whom the organization's activities are directed, simply interested - various members of the public. This group will be interested in the history, goals, mission of the organization, methods and principles of work, General characteristics activities, main financial indicators, development prospects - in general, presentation information.

So, we can say with confidence that the annual report is a necessary and useful document, and not only to third parties, but also to the organization itself. The idea of ​​your organization as a reliable partner largely depends on its quality.

The labor process consists of setting tasks by the manager and their implementation by the employee of the company. From time to time, each employee makes a report on the work done. The frequency depends on the internal rules of the enterprise, as well as the form. The importance of this document to management should not be underestimated.

In this article, we will look at how to properly format a report on the work done, a sample of filling out a document and some tips for compiling it.

Why you need to be able to properly report on work

The workflow can be represented as a complex mechanism in which each employee of the company is a gear. In this example, the head of the organization acts as an engineer who is obliged to ensure that all mechanisms work smoothly and as quickly as possible.

In real life, it is quite difficult for bosses to assess how well employees are doing their job if they do not see the results of their work. Therefore, in almost all enterprises, management obliges each employee to regularly draw up a report on the work done. Often this document is created with a frequency of 1 week. Thus, the authorities can see what the employees were doing, as well as how useful they were to the enterprise.

Wrong example

The document is in free form. Perhaps that is why it occurs a large number of reports that say nothing to management or make them think that the worker is not coping with the functions assigned to him. At the same time, a particular employee can be a real hard worker and overfulfill his plan. The reason for this is an incorrectly drawn up report on the work done. Below is an example of such a document.

Type of document: report on the work done for the period from February 15, 2016 to February 19, 2016.

The following has been done:

• timing of the working time of the production shop was carried out;
• the results of timekeeping were included in the work program;
• new norms of time are calculated;
• responses to requests from labor inspectorates, as well as several clients;
• took part in a conference on improving the efficiency of labor at the enterprise.

Compilation date: 02/19/16

Signature: Yu. R. Petrov.”

If an employee writes a report on the work done in this way, then the management will consider that he is underloaded.

What are the mistakes?

The above example clearly shows the standard errors in the preparation of such documents.

The main ones are:

The above requirements should be used both when compiling weekly forms, and when a report is generated on the work done for the year.

Suitable option

It is likely that the first time to make a quality report will not work. To make it easier for you to do this, here is an example of how it was necessary to write a report to the manager on the work done, indicated in the first example:

“To whom: the head of the planning department Ivanov P.M.

From whom: 1st category economist of the planning department Petrov Yu.R.

Report on the results of labor for (15.02.16-19.02.16)

For the reporting week, the following tasks were set for me:

All tasks were completed, namely:

• 5 timings were carried out and the same number of new norms for the work of the production workshop was drawn up;
• participated in the conference, a memo with proposals is attached.

Work was also carried out with the incoming documentation, namely:

• Compiled 2 responses to IOT requests.
• Responses to letters from Mr. Yurieva A. A., Zhakova S. I., Mileeva K. B.

A business trip is planned for the period from February 22, 2016 to February 26, 2016 in order to check the work of the structural subdivision of the Pechersk branch.

Compilation date: 02/19/16

Signature: Petrov Yu.R.”

Agree that this version of the report reads better, and the management can see how well one of the employees works.

How to write reports for longer periods?

Of course, a period of one week is not difficult to beautifully paint on paper. It is more difficult to make a report on the work done for half a year or even a year. However, this is easier to do than it might seem at first glance. For example, if you have weekly reports for the required period, then you can safely use them.

Maximum volume - 1 A4 sheet

At the same time, it is worth trying to enlarge the information somewhat so that the result fits on 1-2 pages. In the event that weekly results are not held in the organization, but you are obliged to generate a report on the work done for the year, you should not panic and fight in hysterics.

All the information is around you: look at the history of messages in the document logs or in e-mail, open the folder with your reports, study travel sheets. All this will help to remember the feats that you accomplished during the working year.

Summing up

Above we have given some examples of how to write a progress report. The main thing is to state the operations performed, indicating quantitative characteristics (so many times or such and such a number of pieces, etc.). Thus, you will inform the management about how much work you managed to accomplish.

We must not forget to indicate at the beginning of the report a list of specific tasks that you were brought to complete. An important part is the completion of the report. Be sure to write what you want to implement at work in the near future. By this you will show that you look wider than just the area of ​​​​your immediate duties and functions that must be performed according to the job description.

You can also look at the example above.

In order to make it easier to compile such reports, you can in a notebook either electronic document Record daily work done. You will spend only 3-5 minutes a day on this trifle. It's not that much. However, due to such records, you can easily create a report on your work for any period in the future without any problems.

Instruction

Drafting financial reporting includes two main stages: preparation of materials and its subsequent compilation and presentation. In preparing for the preparation of the financial statement, it is necessary to complete all available accounting operations, which fall at the end of the reporting period, as well as all financial data that are necessary for reporting.

Prepare financial statements in accordance with the described requirements, as well as in accordance with various methodological departmental guidelines. Financial statements must be submitted on time to all interested bodies, the list of which is also determined by law, while this document must be signed and authenticated in accordance with all the paperwork requirements that apply to financial reporting.

Financial statements should include a variety of documents. First of all, the balance sheet. After all, this document reflects the financial situation of the enterprise in the reporting period.

You can supplement the annual financial statements with an explanatory note. In it, explain the points of filling out all forms of financial statements, give other required explanations, with the help of which this reporting become more objective and clear.

In turn, in the explanatory note, you can use diagrams, graphs or. In the text of the explanatory note, explain the principles for assessing all production stocks enterprises, give an analysis of their use, explore ways to best full use the potential of the company, as well as improving the skills of employees.

Attach the income statement to the financial statements. It describes in detail all the financial results of the company for the reporting period.

Also include in the reporting the following reports: on the movement of capital of the enterprise - this document will be able to show how the composition of the company's funds is changing; all traffic report Money, which will allow you to get an idea of ​​\u200b\u200bthe expenditure of these funds of the company, their receipts and balances.

Report in the financial statements information about borrowed money ah enterprise, its debts and loans.

According to the current legislation, every enterprise, organization or institution is required to prepare annual financial statements that display the results of their activities. These financial statements include the balance sheet of the enterprise, as well as accounting for profits and losses. The balance sheet of an enterprise is a statement that indicates the sources of funds and their further investments into activity.

You will need

• - balance sheet of the enterprise.

Instruction

Start by mapping the assets of the enterprise. Assets represent the funds held by the enterprise during the reporting period. The assets of the enterprise are divided into: current and non-current. Current assets include cash and other assets that are intended for sale and consumption during the operating cycle or within 1 year from the balance sheet date. To section current assets include amounts such as: receivables, inventories, bills of exchange, financial investment, cash and other assets. In the section of non-current assets, it is necessary to include such amounts as: deferred tax assets, fixed assets, construction in progress and other non-current assets. The Assets section is the first paragraph.

Complete the "Liability" section of the enterprise. Liabilities are liabilities of the enterprise in the form of credits, loans and loans. Depending on the duration of liabilities, they can be divided into: and long-term. Short-term liabilities include amounts accounts payable with a maturity of less than 12 months. Long-term liabilities include the amounts of loans issued for a period of more than 12 months, as well as the amounts of long-term leasing for a period of more than 1 year.

Include in the financial statements the amounts equity. To do this, it is necessary to fill in such sections as: authorized capital (the amount fixed in the constituent documents), share capital(share contributions of the founders), additionally invested capital (the amount of excess of the value of the sale of shares over their face value), other additional capital (the amount of revaluation intangible assets), Reserve capital(amounts of reserves from profits), unpaid capital (amounts owed on contributions to authorized capital) and withdrawn capital (value of repurchased shares).

Record the profit and loss of the business. To do this, calculate the gross and net profit of the enterprise. Gross profit calculated as the difference between the volume of sales of products and its cost. Net profit can be calculated by determining the sum of the difference between gross profit and other operating expenses.

Add explanations to the financial statements. In the explanations, reflect articles such as: information about methods accounting, clarification of the description of some items of assets and liabilities, information about the main transactions and off-balance sheet items.

Related videos

Each financial director faces the task of objectively assessing the results of the company’s work, identifying possible problems in its functioning, analyze the implementation of strategic goals. To do this, it is necessary to be able to read the financial information presented in the financial statements of the organization.

Instruction

A company's financial statements are a fairly large amount of data that is quite difficult to understand. As a rule, when considering it, they pay attention only to individual articles, but at the same time they forget about assessing the activities of the enterprise as a whole.

When reading financial information should study the dynamics of articles balance sheet. Horizontal Analysis makes it possible to compare the indicators of assets and liabilities with previous periods, to determine how much each item has changed, at the expense of what part of own and borrowed funds the company was formed.

Vertical Analysis is based on determining the share of each asset and liability item in the total. At the same time, it is quite easy to determine some indicators. For example, to calculate the creditworthiness, the ratio of own and borrowed capital is sufficient.

The most important in determining the efficiency of the company are the return on sales (the ratio of profit from sales to revenue) and return on equity (the ratio net profit to equity capital).

Among the indicators of turnover Special attention should be given to the turnover of accounts payable and accounts receivable, which is defined as the ratio of debt to the company's revenue. If the turnover rate of receivables is higher than the turnover of accounts payable, then this indicates the effectiveness of the use financial resources In the organisation.

Related videos

Reporting is a necessary part of the activity of any organization. Statistical, accounting, financial and tax reporting are the basis for studying, analyzing, forecasting and making managerial decisions. Before reporting any kind of report, you should be aware of general requirements that apply to documents of this kind.

Instruction

Before reporting, even if the form of its presentation is arbitrary, study the requirements of various norms and standards, including international and those related to local regulations and are limited to your business only. Compliance with these rules is especially important when managing foreign economic activity, and even when interacting with other enterprises registered in the territory of the Russian Federation.

Reporting containing quantitative and qualitative assessments, especially financial, accounting and tax reports, must be objective, reliable and up-to-date. Use verified data when compiling it; it is desirable that the information provided by other performers be certified by their signatures.

The reporting must necessarily include estimates and comparison of the actual results of the enterprise with those that were achieved in previous periods, and with those that were planned. To facilitate comparison and analysis, provide all data in a single quantitative or monetary expression.

Submit regular reports within the stipulated timeframes. This rule must be strictly observed with regard to tax reporting where failure to meet deadlines will result in significant penalties.

Prepare reports in accordance with office work standards and those requirements for its content and design, which are established in industry regulations. The report provided to external bodies must be signed by the head of the enterprise and the official who is authorized to be responsible for this type of reporting. Verify signatures with the seal of the organization.

note

Reporting is prepared on the basis of internal documents that may be classified as commercial secrets. But keep in mind that after submitting it to government bodies all interested persons can be acquainted with it.

Tip 5: Financial Statement Preparation: Pitfalls

Financial statements must fully reflect information about the financial position of the enterprise and its economic activity. Pitfalls in the preparation of financial statements are the problems of accuracy and reliability of data, as well as the issue of compliance with international reporting standards.

Problems in the preparation of financial statements

The main problem in the preparation of financial statements is the likelihood of errors. The concept of error in financial reporting is defined as the provision of false information. The following types of errors are distinguished: mathematical, accounting, misinterpretation of the results of the enterprise, errors due to inattention, errors with the aim of fraud. The most problematic and difficult to detect are errors due to misinterpretation of economic activity.

In financial practice, all errors are classified into the following groups:
- intentional and unintentional errors;
- significant and insignificant errors;
- errors of the current period and errors of previous periods.

Methods for correcting errors in financial statements are determined, there are two of them: the corrective method - consists in crossing out incorrect data and indicating the correct information next to it, provides for the signature of the corrector indicating the date of correction;
the second method is "storno" - used in cases of entering erroneous information into state base data and is the compilation accounting statement, which indicates the reasons for the error and a description of the error itself, with a link to the financial statements in which this error was made.

When correcting errors in financial statements, retrospective and prospective methods of recalculating data are distinguished. The retrospective method means correcting the error in the next reporting after discovering the indication of incorrect data. A promising way is to analyze the impact of the error on the results of reflecting future data and the corresponding correction in the final statements.

Compliance of financial statements with international standards

With the development of international relations and economic efficiency interaction between enterprises from different countries, an urgent problem is to bring the reporting of an economic entity in line with international standards. To this end, in accounting practice, two methods for adjusting reporting have been developed: the transformation method and the parallel accounting method.

The reporting transformation method involves the following steps:
- accounting analysis;
- regrouping of articles financial balance and other data in accordance with the norms of the international system of financial relations;
- drawing up a list of adjustments in the reporting;
- preparation of amended, transformed financial statements that comply with international financial systems accounting.

The method of parallel accounting implies the simultaneous use of domestic and international reporting standards and data reflection in two accounting systems. Parallel accounting is considered more time-consuming, but also more accurate than the transformation method.

Related videos

Each of us many times in his life is faced with the writing and execution of various documentation. This documentation also includes a report that may be required both from a student at school and from an employee at the place of his professional activity. Therefore, it is important for everyone to know how to write a report correctly and format it. Writing reports is a rather broad topic, it includes many nuances, because reports are different in form and content. We will limit ourselves to the most popular cases, tell you how to write a study and work report, and also highlight the basic requirements for any kind of reports.

General rules for writing reports

How to write a report correctly? Any report must meet the following criteria:

1. brevity. The report must clearly and concisely state all the necessary information, using simple business language.
2. The report must begin with a properly formatted title page (required for large reports).
3. If you still need to write a large report, then you must also draw up a table of contents and indicate on one additional sheet the main thoughts and ideas of the report.
4. Clear structure. The report should be logically structured. At its beginning, it is necessary to bring up to date, indicating all the necessary data, in the middle - the main ideas of the report, at the end - conclusions.
5. The sentences in the report should be short and well-formed, there should not be huge paragraphs. The use of headings and subheadings is encouraged. The report must be readable.
6. To disclose the topic, if necessary, draw up annexes to the report: diagrams, figures, diagrams, tables.
7. The report is best presented in a special folder.

Work report

Often, managers and directors require special reports on the work done from employees. How to write a report in this case? Be guided by the form of writing and formatting reports that is accepted in your company, and all the above tips will suit you. In addition, for the working report, the following recommendations can be distinguished:

The report does not have to be drawn up on a form if it is accompanied by a letter or an explanatory note.

If a report on work for a certain period is transferred to the boss, then a cover letter is not required in this case.

The travel report must be submitted together with the entire package of necessary documents.

The report should be written on standard sheets (A4) and drawn up in accordance with GOST R 6.30-2003.

For a large report, it is necessary to draw up a title page; for a small report, the title of the report can be indicated at the top of the first sheet. First you need to indicate the word "Report", then - its subject and the period for which reporting is given.

The working report begins with an introduction, which describes the problem, objectives and goals of the work carried out. If the report is standard document with a specified frequency (for example, quarterly or monthly), then an introductory part is not needed.

How to format a report in its main part? Here you need to list and disclose all the types of work that you have completed, while you must specify the deadlines for completing each specific task. If there is, then you should indicate the difficulties in the course of the work or the reasons why the work was not performed properly, explain why this happened.

At the end of the report there is a conclusion in which it is necessary to indicate the conclusions and evaluate the effectiveness of the work done in accordance with the tasks set.

The working report is not just a piece of paper, it is important document, which can seriously affect your career, so take it seriously in writing and formatting.

Study report

Another type of report is student reports, the most popular among them is a practice report, so let's talk about how to write it correctly.

An internship report is an important document confirming the successful completion of an internship by a student. The final grade for the practice, which will go into the diploma, will depend on this report, so you need to take seriously its writing and design.

How to write a practice report, where to start? In the practice report, it is imperative that the title page be correctly formatted. Surely in your educational institution there are templates for the design of title pages, you can use the most suitable one and design your title page using its example. The title page should contain your last name, first name and patronymic, the enterprise where you had an internship, and the period of internship (from what date to what date).

The practice report begins with a description of the company where you worked. Indicate the basic necessary data - what is the name of the enterprise, what does it do, what are its main characteristics (how long has it existed, how big is the company, etc.).

If the practice was completely introductory and you did not take an active part in the work, then it will be enough to indicate basic information about the enterprise. The situation is different with industrial practice - most of the report should contain information about your practical activity and its results.

Next, you should specify goals and objectives (this will benefit you). The goal is what you want to achieve from the practice, describe the goal specifically and accurately, you can specify different goals. For example, to gain new knowledge related to the profession, to consolidate and learn how to apply theoretical knowledge in practice, etc. Objectives are ways to achieve goals. For example, a systematic visit to the enterprise where the student is doing an internship, and a careful study of his work; conversations on professional topics with employees of the enterprise; performance various kinds work on the instructions of the chief, etc.

The next important and main point that should be described in detail is all the activities that you were engaged in in practice. Many teachers advise their students to write down all their activities on the report, even if it was a very short call to a client or a very light work assignment. One of the most convenient forms of writing this part of the report is as follows: first - the full date (mark all days of practice in order), then - what the student did on each day of practice, and after - micro-conclusion (what did the student learn, what experience did the student gain). You can not draw a conclusion from each entry, but draw it up at the end by entering all the necessary information there. Your main goal in this part of the work is to fully and competently tell about what you did in practice, what kind of work you had. You can also note the difficulties that you encountered and indicate the possible reasons for their occurrence or focus on what you liked the most in practice, explain why.

The final part of the report on student practice is a conclusion, a conclusion. It is by the conclusions in the report that the teachers will judge how well you mastered the profession, what you could learn, how much you were able to apply your knowledge in practice. Pay special attention to the formatting of conclusions. Clearly and in order (you can list) state everything new that you have learned and mastered in practice. In any case, write honestly, you don’t need to invent something that doesn’t exist, an experienced teacher will notice artificiality. Let it be a simple and honest story, but detailed and detailed.

As for the design of the report, it must comply with the norms and standards. What exactly, you can ask at your faculty, they will surely tell you. Well, in general, the font should be simple (Times New Roman), size - 12 points, line spacing - 1.5. A clear division into parts, chapters, paragraphs and lists, if necessary, is welcome. The report should be readable and informative.

Now you know how to write a report on work or on educational practice. We have outlined all the basic requirements for such reports, we hope that our advice will help you.

Today we will talk about the intricacies of the formation of the annual financial statements for 2013. According to Article 14 of the Federal Law “On Accounting”, a standard annual report commercial organization consists of a balance sheet, a statement of financial results and applications to them. The appendix, in turn, contains statements of cash flows, changes in equity and other explanations. We will talk about these explanations in more detail - we will figure out what to include there and comment on important issues.

The first thing you need to know about explanations is that they are mandatory. Since 2013, the explanatory note has ceased to be included in the financial statements. In fact, its function is now performed by textual explanations, which must be present in the reporting. This is stated in the letter of the Ministry of Finance 03-02-07/2/18285 dated May 23, 2013. http://www.rnk.ru/documents/new/document200817.phtml

The second thing you need to know is that you have a certain freedom in making explanations, but if something goes wrong, the punishment will be severe. From the recommendations of the Ministry of Finance N 07-02-18 / 01 dated January 9, 2013, it follows that accountants determine the composition and content of the explanations independently based on the provisions of paragraphs. 24-27 of section VI PBU 4, norms of other provisions on information disclosure, as well as Order of the Ministry of Finance N 66n dated July 2, 2010, which provides examples of tabular forms of explanations. These forms can be changed by the accountant - supplemented or reduced. However, it should be borne in mind that the penalties for incomplete disclosure of information in financial statements can be quite significant, especially for joint-stock companies. As an example, a court decision, http://www.garant.ru/products/ipo/prime/doc/38043284/, according to which a JSC was imposed administrative penalty in the amount of 700 thousand rubles for errors in the disclosure of consolidated financial statements.

According to the Ministry of Finance (N 07-02-18 / 01 dated January 9, 2013), the explanations should disclose information related to the accounting policy of the organization and provide reporting users with additional data that is inappropriate to include in the balance sheet and income statement, but which are necessary for a real assessment financial position organization, its performance and cash flow. As a rule, explanations are related to the numerical indicators of the balance sheet or income statement.

In an earlier letter of the Ministry of Finance 07-02-18/01 dated January 24, 2011 (section "Materiality of information disclosed in the financial statements"), it is explained that under Art. 13 No. 402-FZ "On Accounting" explanatory note (then it was still explanatory notes, and not explanations) to the annual financial statements should contain significant information about the organization, its financial position, comparability of data for the reporting and previous years, valuation methods and significant items of financial statements. The decision by the organization of the issue of whether the indicator is significant depends on the assessment of the indicator, its nature, and the specific circumstances of occurrence.

What to disclose in explanations

1. The explanations should indicate that the financial statements are formed on the basis of the current accounting and reporting rules, except for cases where the organization has made deviations from them. If there are significant deviations, the explanations should name them, as well as indicate their reasons and the effect that the deviations had on understanding the state of the company's financial position. For example, if the software cannot ensure the fulfillment of all reporting requirements, then according to clause 37 of PBU 4, it is necessary to write about this in text explanations and present the available indicators instead of the required ones. If there is a significant change in the value of such indicators over time, this also requires clarification.

2. Legal address companies, types of activities, composition of performers (clause 31 PBU 4).

3. Information about the main elements accounting policy(Section IV PBU 1). “The organization must disclose the accounting methods adopted in the formation of accounting policies that significantly affect the assessment and decision-making by interested users of financial statements” (paragraph 17 of PBU 1). The elements of accounting policy include: methods of depreciation of fixed assets, intangible and other assets, assessment of inventories, goods, work in progress and finished products, recognition of proceeds from the sale of products, goods, works, services, and others.

According to paragraph 26, paragraph 27 of RAS 4, it is also necessary to disclose in the explanations the information:

• on the movement of certain types of intangible assets, fixed assets, financial investments, accounts receivable, movement of leased fixed assets;
• on changes in the capital of the organization (authorized, reserve, additional and others);
• on the composition of the reserves upcoming expenses and payments, valuation reserves, the movement of funds of each reserve;
• on certain types of accounts payable - received and issued loans, interest payable, repayment periods for all types of loans. It is necessary to indicate the presence of an overdraft, funds not received or not fully disbursed, the amount of funds not received (paragraph 32 of PBU 15);
• on sales volumes of products, goods, works, services by types (branches) of activity and geographical sales markets (activities);
• on the composition of production costs (distribution costs) and other income and expenses;
• about extraordinary facts of economic activity and their consequences - theft, fires, floods and other force majeure situations;
• about any issued and received security for the obligations and payments of the organization;
• about the events that happened after reporting date and conditional facts of economic activity (clause 5 of PBU 7);
• on discontinued operations;
• about affiliated persons;
• about state aid.

Joint-stock companies are required to disclose in their explanations information on the number of shares issued and paid in full/not paid/paid in part, on the par value of shares owned by JSC and affiliates, as well as information on profit per share.

The explanations should also disclose information on retrospectively corrected errors (p. 15, p. 16 RAS 22) - provide information about the time and nature of each error, the amount of the adjustment (for JSCs, including in terms of one share) or explain why it is not possible to determine the effect of the error.

An important point. It is necessary to disclose information about related parties in full, in a separate section of textual explanations (PBU 11):

• provide the entire list of affiliated persons (management companies, private pension funds, persons with whom there are agreements on joint activities, etc.).
• indicate the grounds for recognizing these persons as related (the presence of a single management body, participation in the authorized capital, etc.) If the accounting department does not have this information, request it from the legal service.
• indicate the existing transactions (specific types of transactions, the volume of transactions in relative and absolute terms, calculation features, the amount of receivables, the amount of remuneration of the management staff).

As for the remuneration of managers, the Ministry of Finance allows a listing of all managers by name, indicating the total amount of their remuneration. Arbitrage practice shows that the amount of remuneration does not affect the need to disclose information about its size - it must be disclosed in any case. Recall that organizations with state participation - Federal State Unitary Enterprise, LLC with a predominant share of the state and others, are required to disclose the amount wages all of its employees.

By the way, the Ministry of Finance requires auditors to reflect in the conclusion the fact of incomplete disclosure of information about connected parties. There is a practice of applying sanctions. For instance, arbitration court Petersburg and the Leningrad Region supported the bodies of Rosfinnadzor, excluding auditors from SROs who do not comply with this requirement of the Ministry of Finance (decision in case No. A56-47644 / 2013 of December 30, 2013).

Recall that the audit report is not included in the financial statements, even if the company is subject to mandatory audit. The composition of the financial statements does not include the so-called information accompanying the financial statements ( Section VIII PBU 4). The taxpaying company is not required to provide information on the dynamics of its financial indicators, development plans, proposed investments, R&D activities, security environment, energy and water consumption, etc. However, if it is important to disclose such information to other users of financial statements (creditors, shareholders), you can do this in a separate document "Information related to financial statements" or in the appropriately named section. accounting report. Auditors will insist on including the phrase that this information has not been audited.

Tags:

We are in in social networks Popular Articles Most popular in this category Most Popular Posts with this tag

Sorry. No data yet.

Payroll outsourcing in 30 minutes

The e-book will be useful to all those who want to understand all the intricacies of payroll outsourcing, but do not have time to collect information bit by bit on the Internet.