How financial statements reflect the efficiency of an enterprise. Who signs the financial statements in the organization? The date of approval of the annual financial statements is

15.01.2024

By March 31 of the year following the reporting year, all legal entities without exception are required to submit a set of financial statements to the Federal Tax Service, as well as to Rosstat. It is assumed that at the time of filing, the reporting has been prepared in accordance with all the rules of current legislation; in other words, it is reliable. However, sometimes errors still occur in such documents, and then a completely reasonable question arises: is it possible to submit an updated balance sheet and adjustments to the financial statements in all other forms?

Dates of signing and approval of financial statements

Maintaining accounting records is the responsibility of every legal entity. Based on the results of the calendar year, the totality of the company’s performance indicators during a given reporting period is drawn up in the form of a set of financial statements, which are submitted to the regulatory authorities. In general, the balance sheet and other forms as part of such reporting are a reflection of the company’s activities, which take into account absolutely all the company’s business operations, including those that are not important for calculating various taxes, depending on the taxation system used by the company.

The chief accountant of the company is responsible for the preparation of financial statements and is signed by the general director. In addition, the annual financial statements, as follows from the provisions of paragraph 9 of Article 13 of Federal Law No. 402-FZ, must be approved by the owners of the company. In accordance with Article 33 of the Federal Law “On Limited Liability Companies”, approval of the balance sheet, profit and loss statement and other forms as part of the LLC’s reporting is within the competence of the general meeting of the company’s participants. JSCs approve their annual reports at the general meeting of shareholders in accordance with the provisions of Article 48 of the Federal Law “On Joint Stock Companies”.

Interestingly, the deadline for submitting financial statements to the Federal Tax Service is March 31 of the year following the reporting year. At the same time, separate deadlines have been established for the approval of reporting by the company's owners. Thus, the founders of an LLC must approve the annual reporting strictly in March-April, the shareholders of a JSC can do this from March to June inclusive. We are talking, of course, about periods after the end of the reporting year. Thus, although it is assumed that already approved financial statements are submitted to the Federal Tax Service, in fact their approval by the owners may take place somewhat later. At the same time, the annual meeting of founders or shareholders that was not held at the time of submitting reports to the Federal Tax Service does not relieve the company from the need to fulfill its reporting obligation to the Federal Tax Service within the specified period.

Updated financial statements

But let’s return to the question of whether it is possible to submit an adjusting balance sheet if in the past reporting period some errors were identified that affected the data presented in the report.

Based on the postulates of PBU 22/2010 “Correcting errors in accounting and reporting,” approved by Order of the Ministry of Finance dated June 28, 2010 No. 63n, the possibility of adjusting financial statements depends on the moment at which the error was identified. Depending on this, all possible situations of detecting errors in accounting that lead to distortion of financial reporting data for the year can be divided into several options. In some of them you can submit a balance adjustment, in others this is not required.

The simplest situation is if accounting errors were identified before the end of the calendar year. Detected data distortion is corrected by the corresponding posting to the accounts of the accounting department in the month of the reporting year in which it was detected. In such a case, there will be no need to adjust the balance sheet for 2016, because the annual report will initially be correct, since it is drawn up as of December 31, that is, it will already contain the necessary corrections.

A similar situation occurs if an inaccuracy is discovered during the preparation of annual reports before they are reviewed by the company’s owners and submitted to the Federal Tax Service, that is, strictly in January-February. In this case, paragraph 6 of PBU 22/2010 requires corrections to be made in the accounting registers in December of the year for which the report is being prepared. In this case, the annual financial statements will also be drawn up correctly from the beginning, and there will be no need to submit an updated balance sheet.

It is worse if unaccounted for or distorted data was discovered after the financial statements were signed by the manager and transferred to the Federal Tax Service. If this happened before the documents were approved by the meeting of shareholders or founders (for example, in April), then the company is obliged to make appropriate accounting corrections in December of the reporting period and replace the financial statements already submitted to the regulatory authorities (clause 7 of PBU 22/2010). Thus, in this case, you will have to prepare and file an adjusting balance sheet and other forms. It is this set of statements that will be reviewed and approved by the company's owners at the annual meeting.

If an error is identified during the meeting, but before the annual statements are approved, then it will have to be revised (clause 8 of PBU 22/2010). Simply put, accounting errors are also corrected in December, the previously prepared set is replaced with a corrected one, and corrective accounting statements are submitted to the Federal Tax Service. At the same time, the revised set must disclose information that this version of the statements replaces the originally presented one, as well as the reasons why this happened.

In a situation where errors in the accounting of the past year were discovered after the reports were submitted to the Federal Tax Service, as well as after their approval at the annual meeting of owners, the financial statements for the past year are not subject to revision (clause 10 of PBU 22/2010). So the answer to the question of whether it is necessary to submit updated financial statements in such a case will be negative. A distortion of accounting information that was discovered, say, in July, needs to be corrected in the current period of its discovery. Thus, the accountant will have to adjust the data generated at the beginning of the year for account 84 “Retained earnings (uncovered loss)” in correspondence with the account for which the inaccuracy of the previous year was identified.

The concept of materiality of an accounting error

All of the situations described above, in which an accountant has to face the problem of how to submit an updated balance sheet, assume that the errors that led to the distortion of data are significant. The concept of materiality is defined in paragraph 3 of PBU 22/2010.

Thus, an error is considered significant if it, individually or in combination with other errors for the same reporting year, can affect decisions made on the basis of these financial statements. A clear example of such a situation is the issue of paying dividends to founders or shareholders depending on annual profit indicators, the size of which may be distorted due to such an error. However, it is interesting that the company has the right to determine the degree of significance of the error itself, based on the value of the indicators of certain accounting items. In this case, the materiality criteria must be enshrined in the accounting policies of the organization.

If the identified error is not significant, then, regardless of when it was made, the organization has the right to make corrections in the month it was discovered. This means that in such a situation, the company does not have to submit an updated balance sheet, regardless of whether the annual reporting was or was not approved by the founders or shareholders of the company. For example, if we are talking about an insignificant error made in the accounting of 2016, then even if it is identified in April 2017, a balance sheet adjustment for 2016 will not have to be submitted. Incorrect data will also need to be corrected in April. In this case, the profit or loss that could arise as a result of correcting such an insignificant error should be reflected as part of other income or expenses of the current period.

The annual financial statements must be approved in the manner established by the organization’s constituent documents (clause 2 of article 15 of the Law “On Accounting”, clause 86 of the Accounting Regulations).

Approval of JSC financial statements

Approval of the annual financial statements of a joint-stock company, as well as the distribution of profits (covering losses) of the company and the announcement of dividends based on the results of the financial year fall within the competence of the general meeting of shareholders (subclause 11, clause 1, article 48 of the Federal Law of December 26, 1995 No. 208-FZ “ About joint stock companies").

The annual general meeting of shareholders must be held no earlier than two months and no later than six months after the end of the financial year (clause 1, article 47 of Law No. 208-FZ), that is, from March 1 to June 30 of the year following for reporting.

30 days before the date of the annual meeting of shareholders, the annual report of the joint-stock company must be pre-approved by the board of directors (supervisory board) of the company (clause 4 of article 88 of Law No. 208-FZ).

20 days before the general meeting of shareholders, the annual financial statements, together with the audit report and the conclusion of the audit commission, must be presented for review to persons who have the right to participate in the general meeting of shareholders (clause 3 of Article 52 of Law No. 208-FZ).

Approval of LLC financial statements

Approval of the annual financial statements of a limited liability company and the distribution of profits between participants is within the competence of the general meeting of participants (Clause 2, Article 33 of the Federal Law of February 8, 1998 No. 14-FZ “On Limited Liability Companies”).

The general meeting of the company's participants must be held no earlier than two months and no later than four months after the end of the financial year, that is, in the period from March 1 to April 30 of the year following the reporting year.

30 days before the general meeting of the company's participants, the company's annual report with the audit report and the conclusion of the audit commission must be presented to the company's participants.

Since the annual financial statements for 2006 must be approved and submitted to the tax and statistical authorities before March 31, 2007, it turns out that the annual meeting of shareholders or the annual meeting of participants must be held by the organization in March 2008.

The head of the organization must provide the owners with a report on the results of the year’s work. This report includes a balance sheet, profit and loss account, other forms of reporting, and an auditor's report. The owners approve the report and decide on the distribution of the profits.

The decision of the general meeting of shareholders or the general meeting of participants, which is recorded in the minutes, must not contradict the charter of the company (clause

2 tbsp. 11 of Law No. 208-FZ). Otherwise, the decision of the meeting will be declared invalid.

Reflection in accounting and reporting of the decision of the general meeting of owners

After holding the annual general meeting of shareholders or the general meeting of participants, appropriate entries are made in the accounting records of the organization based on the minutes.

The decision of the owners to distribute profits or cover losses of the reporting year is a fact of the organization’s economic activity that takes place not in the reporting year, but in the next year. Therefore, decisions of the general meeting of shareholders or the general meeting of owners must be reflected in the accounting records in the next reporting period.

Let us turn to the accounting regulations “Events after the reporting date” (PBU 07/98), approved by order of the Ministry of Finance of the Russian Federation dated November 25, 1998 No. 56n.

The announcement of annual dividends based on the performance of a joint-stock company for the reporting year is an event after the reporting date (clause 3 of PBU 07/98). These types of events should be disclosed in the notes to the balance sheet and income statement. In this case, no accounting entries need to be made (clause 10 of PBU 07/98).

When reflecting in accounting the results of a decision of a general meeting of shareholders or a general meeting of owners, it is necessary to date the entries to the date when the minutes of the meeting were approved.

Despite the fact that paragraph 3 of PBU 07/98 refers only to the declaration of annual dividends, in our opinion, events after the reporting date can also include the decision of the owners on the source of covering losses of the reporting year or previous periods. Consequently, these events should also be disclosed in the notes to the Balance Sheet and the Profit and Loss Statement.

By Order of the Ministry of Finance of the Russian Federation dated December 31, 2004 No. 135n, changes were made to the Instructions on the procedure for drawing up and presenting financial statements, approved by Order of the Ministry of Finance of the Russian Federation dated July 23, 2003 No. 67n.

In particular, paragraph 14 was excluded, which stated that the annual balance sheet must reflect the owners’ decision on the distribution of profits and coverage of losses. To do this, it was necessary to adjust the items “Reserve capital” and “Retained earnings (uncovered loss)”.

Based on this provision, the accountant made adjustments to the indicators for accounts 75, 82, 84 from the results of the shareholders meeting. Now there is no such need. There is no need to make any changes to the accounting data.

Reporting period for financial statements

As a general rule, the reporting period for accounting is the calendar year (Part 1, Article 15 of the Federal Law of December 6, 2011 N 402-FZ).

Accounting financial statements: composition

The organization's financial statements include (Part 1, Article 14 of the Federal Law of December 6, 2011 N 402-FZ):

balance sheet;
applications to the balance sheet and report. These include (clause 2 of Order of the Ministry of Finance dated July 2, 2010 N 66n): a statement of changes in capital, a statement of cash flows and a report on the intended use of funds;
explanations (clauses 3, 4 of Order of the Ministry of Finance dated July 2, 2010 N 66n, Letter of the Ministry of Finance dated May 23, 2013 N 03-02-07/2/18285). You can read about the explanatory note to the financial statements in.

Types of financial statements

Some organizations (for example, those related to SMEs) are allowed to present financial statements in a simplified form (Part 4 of Article 6 of the Federal Law of December 6, 2011 N 402-FZ). In this regard, financial statements can be divided into two types: regular and .

Enterprise financial statements: forms

Accounting forms are approved by the Ministry of Finance (Order 66n “On Forms of Accounting Reports”).

In addition, the Federal Tax Service has developed a recommended format for presenting financial statements in electronic form (Order of the Federal Tax Service dated March 20, 2017 N ММВ-7-6/228@).

It is important to note that reporting with line codes must be submitted to TOGS. It makes sense to submit the same reports to the Federal Tax Service.

You can download financial reporting forms for free, including forms in Excel format with the “Code” column, through the ConsultantPlus system.

New forms of financial statements in 2018

The forms of financial statements in 2018 are the same as in 2017 - no changes were made to the accounting records.

Date of approval of statements in the balance sheet

Accounting statements must be approved (Part 9, Article 13 of Federal Law dated December 6, 2011 N 402-FZ):

LLC - in the period from March 1 to April 30 (clause 6, clause 2, article 33, article 34 of the Federal Law of 02/08/1998 N 14-FZ). Accounting statements are approved by the general meeting of company participants;
JSC - in the period from March 1 to June 30 (clause 1 of article 47, clause 11 of clause 1 of article 48 of the Federal Law of December 26, 1995 N 208-FZ). The reporting is approved by the general meeting of shareholders.

As you know, financial statements must be submitted to the Federal Tax Service and Tax Service no later than three months after the end of the reporting year (Clause 5, Clause 1, Article 23 of the Tax Code of the Russian Federation), i.e. no later than March 31 of the year following the reporting year. If March 31 falls on a weekend, the deadline for reporting is postponed to the first working day following this date (clause 7, article 6.1 of the Tax Code of the Russian Federation, clause 7 of the Procedure, approved by Order of Rosstat dated March 31, 2014 N 220). So, for example, in 2018, financial statements must be submitted no later than 04/02/2018 (March 31 - Saturday). Consequently, if the organization manages to approve it before submitting the reporting to the regulatory authorities, then the date of approval is indicated in the corresponding line of the balance sheet. If the reporting has not yet been approved, then the line “Date of approval of reporting” does not need to be filled out.

Preparation of financial statements

Accounting statements must give a reliable picture of the financial position of the organization (Part 1 of Article 13 of the Federal Law of December 6, 2011 N 402-FZ).

Reporting is prepared on the basis of data from accounting registers and in accordance with the provisions of PBU 4/99 “Accounting statements of an organization.”

Audit of financial statements

The financial statements of some organizations are subject to mandatory audit (Part 1, Article 5 of Federal Law No. 307-FZ of December 30, 2008). Such organizations, for example, include insurance companies. A complete list of cases of mandatory audit of financial statements for 2017 can be found in the Information of the Ministry of Finance.

If the accounting records of an organization are subject to mandatory audit, then in addition to the financial statements themselves, you must also submit an audit report to your Rosstat department (Part 2 of Article 18 of Federal Law No. 402-FZ of December 6, 2011). It is served:

or together with financial statements;
or no later than 10 business days from the day following the date of the audit report, but no later than December 31 of the year following the reporting year.

There is no need to submit an audit report to the Federal Tax Service.

Analysis of financial statements

Having received the organization’s financial statements, tax authorities analyze them. For example, the indicators of the income statement are compared with the data of the annual income tax return. Indeed, sometimes identified discrepancies may indicate that an organization has underestimated its income or overstated its expenses for tax purposes.

In addition, the balance of the organization is studied. So, for example, if an organization is a candidate for inclusion in the on-site inspection plan, inspectors look to see if the organization has fixed assets and other property from which it will be possible to recover the arrears that arose as a result of additional accruals based on the results of the inspection.

Annual financial statements are a source of reliable information about the financial condition and results of the company’s economic activities for the past year. Therefore, legislation and, to a greater extent, internal rules of financial institutions pay special attention to the procedure for its preparation, content and approval. Based on the indicators of the annual financial statements, the investment attractiveness of the company for potential investors and owners of its securities is assessed.

In accordance with accounting legislation, annual financial statements subject to mandatory approval the highest governing body of the company. The general meeting of shareholders (participants) of the company makes a decision on its approval.

Limited liability companies approve annual financial statements at the next general meeting of participants no earlier than 4 months and no later than 4 months after the end of the financial year. Joint-stock companies - no earlier than 2 months and no later than 6 months after the end of the financial year.

The structure of the annual financial statements includes a balance sheet, a profit and loss statement, appendices thereto, an auditor's report confirming the reliability of the statements (if they are subject to mandatory audit), and an explanatory note.

According to the Accounting Law, before drawing up annual financial statements, the company is obliged to conduct an inventory of property and liabilities, during which their presence, condition and valuation will be checked and documented.

Then, the annual financial statements must be signed by the head and chief accountant of the organization to confirm the accuracy and completeness of the information contained therein.

Annual financial statements subject to mandatory verification audit commission (auditor) of the company. Confirmation of the accuracy of the reporting by the audit commission (auditor) of the company is a necessary condition before submitting the reporting for approval by the general meeting of shareholders (participants): in accordance with clause 3 of Art. 47 of the Federal Law on Limited Liability Companies, the general meeting of participants does not have the right to approve the annual balance sheets of the company in the absence of a conclusion from the audit commission (auditor) of the company.

When preparing for the general meeting to approve the annual financial statements, shareholders (participants) must be provided with access to the annual financial statements, including the auditor’s report and the conclusion of the audit commission (auditor) of the company based on the results of the audit of the annual financial statements.

For joint stock companies that have carried out a public offering of bonds or other securities, the legislation specifically regulates the stages of approval of annual financial statements: 1) signing by the manager and chief accountant, 2) confirmation by the audit commission (auditor), and then 3) approval by the general meeting shareholders.

The company's annual financial statements are information open to all interested parties (banks, investors, creditors, buyers, suppliers, etc.), and are available for review and copying. The company must provide interested users with the opportunity to familiarize themselves with the financial statements.

Limited liability companies are free from the obligation to publish financial statements, except in cases provided for by law. Thus, in the case of a public offering of bonds and other equity securities, a limited liability company is obliged to publish annual balance sheets annually.

For joint stock companies, the legislation establishes more stringent rules for the disclosure of financial information.

Open joint stock companies are required to publish annual financial statements. In accordance with paragraph. 1 tbsp. 16 of the Accounting Law, publication is carried out no later than July 1 of the year following the reporting year. Closed joint stock companies are also required to disclose annual financial statements in the event of a public offering of bonds or other securities.

An open joint-stock company can publish annual financial statements only after checking and confirming them by an independent auditor (audit firm) and subsequent approval by the general meeting of shareholders. Before approving the statements, an auditor who is not connected by property interests with the company or its shareholders must be engaged to check and confirm them.

The legislation on the securities market regulates in sufficient detail the issue of disclosure and presentation of financial information by issuers. Accounting, including annual, reporting plays a key role in the disclosed documents.

According to paragraph 12 of Art. 30 of the Federal Law “On the Securities Market”, the annual consolidated accounting (consolidated financial) statements of the issuer for the last completed financial year are disclosed/provided no later than 3 days after the date of the auditor’s report, but no later than 120 days after the end of the financial year, as well as included in the quarterly report for the second quarter of the following financial year.

A joint stock company that is not subject to information disclosure requirements is obliged to publish the text of its annual financial statements on its website on the Internet no later than 45 days from the date of expiration of the deadline for submitting annual financial statements. And no later than 2 days from the date of drawing up the minutes of the next general meeting of shareholders, at which the issue of approving the annual financial statements was considered, publish on the Internet page a message about the approval (non-approval) of the annual financial statements of the joint-stock company.

The issuer is obliged to place a copy of the annual financial statements at the address specified in the Unified State Register of Legal Entities, and before the end of the term for the placement of securities - also in the places indicated in the issuer's advertising messages containing information about the placement of securities. The issuer is also obliged to provide a copy of the annual financial statements, certified by an authorized person, to the owners of securities and other interested parties upon their request within no more than 7 days.

It must be borne in mind that the disclosure of annual financial statements in accordance with the requirements of the legislation on the securities market does not relieve issuers from the obligation to publish annual financial statements in accordance with the legislation on accounting.

In addition, issuers of Russian depositary receipts are also required to disclose annual financial statements and consolidated financial statements (if any) prepared in accordance with IFRS or US GAAP in an appendix to the quarterly report. In this case, the statements must be checked by an auditor, and the auditor’s opinion must be attached to the disclosed financial statements.

Providing reports to government agencies

Annual financial statements must be submitted not only to the founders, shareholders, participants or owners of the company, but also to the territorial bodies of state statistics at the place of its registration within 90 days after the end of the year. At the same time, the annual financial statements of the organization presented must be approved the supreme management body of the company in the manner established by the constituent documents.

The date of approval of the annual financial statements is indicated directly on the first page of the balance sheet.

Placement of securities

When increasing the authorized capital by placing an additional issue of shares, a copy of the company’s financial statements for the last completed financial year and for the last quarter is provided for state registration of the additional issue of shares (not accompanied by registration of a securities prospectus).

Regarding the issue of securities with registration of a prospectus, it includes annual the issuer's financial statements for the last 3 completed financial years preceding the date of approval of the prospectus, accompanied by the auditor's report. If the issuer has been operating for less than 3 years, then annual financial statements for each completed financial year are submitted, accompanied by an auditor's report.

If the issuer has annual financial statements prepared in accordance with IFRS or US GAAP, then such financial statements of the issuer for the last 3 completed financial years preceding the date of approval of the securities prospectus, in Russian, are also attached to the prospectus.

The securities prospectus is signed by the director, chief accountant and auditor, and approved by the board of directors (supervisory board) of the company.

IPO, listing

Providing approved annual financial statements is one of the conditions for admission of securities of corporate issuers(stocks, bonds) to trading on stock exchanges in the process of placement with the passage of the listing procedure.

Thus, to the application for admission of securities to trading in the process of placement/circulation with the listing procedure on the MICEX Stock Exchange, it is necessary to attach annual financial statements in accordance with Russian accounting standards (RAS) for the last 3 completed financial years and annual financial statements in accordance with IFRS and/or US GAAP in Russian with an appendix of the auditor's report in relation to these statements.

According to the Rules for the admission of securities to trading of OJSC RTS Stock Exchange, in order to include shares and corporate bonds in the quotation list, among other things, the issuer must submit annual financial (accounting) statements in accordance with IFRS and/or US GAAP, in respect of which the audit, and accept the obligation to maintain these reports and disclose them together with the auditor’s report in Russian.

Issue of bonds

The presence of duly approved annual financial statements for 2 completed financial years is also a condition for issuing bonds in the absence of collateral provided by third parties.

The same condition must be observed when issuing exchange-traded bonds without state registration of their issue (additional issue), registration of the bond prospectus and state registration of the report on the results of their issue (additional issue). Moreover, exchange-traded bonds are admitted to trading on the stock exchange without going through the listing procedure, subject to the availability of duly approved annual financial statements for 2 completed financial years.

Increase and decrease of authorized capital

A decision to increase the authorized capital of a limited liability company at the expense of its property can be made only on the basis of data from the company’s financial statements for the year preceding the year during which such a decision was made. Attention is also drawn to the obligatory consideration of this requirement in subsection. “a” clause 9 of the Resolution of the Plenum of the Armed Forces of the Russian Federation and the Plenum of the Supreme Arbitration Court of the Russian Federation of December 9, 1999 No. 90/14.

Data from the company's annual financial statements (it is assumed that they have been approved) are necessary to determine the possibility of increasing the company's authorized capital at the expense of the company's property, including to determine whether the requirement of clause 2 of Art. 18 of the Federal Law on Limited Liability Companies, which states that the amount by which the authorized capital of a company is increased at the expense of its property should not exceed the difference between the value of the company’s net assets and the amount of the authorized capital and reserve fund of the company.

Based on the indicators of the annual financial statements, the company makes a decision to reduce the authorized capital or may even make a decision to liquidate the company.

Reorganization

When preparing for reorganization, all companies participating in it need to assess the financial condition and prospects of the companies with which they will have to combine business, or the possible consequences for the company when dividing the business.

Therefore, all persons entitled to participate in the general meeting, the agenda of which includes the issue of reorganization, are provided with annual reports and annual financial statements of all companies participating in the reorganization for 3 completed financial years preceding the date of the general meeting, or for each completed financial one year from the date of formation of the organization, if the organization has been operating for less than 3 years.

At the same time, a legal entity created as a result of reorganization (with the exception of the merging, spin-off or transformed issuer), in order to obtain admission to trading on a securities exchange, must provide the exchange with annual financial (accounting) statements in accordance with IFRS and/or US GAAP, in which was audited.

The liability for inaccuracies in documents providing access to the securities market is very high, therefore, it is necessary to approach the preparation of the company’s financial statements extremely carefully.

Due Diligence

It is also impossible not to note the issues of providing approved annual financial statements for conducting company audits (Due Diligence during the preparation of an IPO, M&A, acquisition of participation in a company or company assets), tax control measures by the tax authorities, desk audits by the securities market regulator, etc. .p.

At the preparatory stage of the IPO, financial audit reports of the company are compiled based on the audited annual financial statements for the last 3 years, which are then used to draw up the prospectus.

To draw up a report on the audit of a company for M&A purposes, the annual financial statements are also subject to verification, and the correctness and completion of all details and reporting indicators are assessed.

Approved annual financial statements - indicatorbest practice

For the most thorough preparation of reporting for approval by the general meeting, as well as assessment of the company’s performance for the past financial year, it is recommended to submit annual financial statements for preliminary review and approval by the board of directors, executive or supervisory body.

The charters of a number of large companies provide for the preliminary approval of annual financial statements by the board of directors, management board, and president.

The documents regulating the activities of a number of state-owned companies require mandatory audit of annual financial statements and consolidated financial statements, as well as their preliminary approval by the supervisory board.

Responsibility for failure to report

As already established above, in accordance with the legislation on accounting, annual financial statements submitted to state regulatory authorities are subject to mandatory approval by the highest management body of the company.

In practice, a situation often arises when the date of the annual general meeting is set later than the deadline for submitting annual financial statements. Many companies delay the submission of financial statements for this reason until they are approved by the general meeting. However, tax authorities and courts rightly believe that this circumstance is not a reason for failure to submit reports, and current legislation makes it possible to comply with the requirements of tax legislation and submit financial statements within the prescribed period.

Based on established judicial practice, even if the company’s charter provides for holding an annual general meeting after the deadline for filing annual financial statements, then in accordance with the requirements of the law the company needs to hold an extraordinary general meeting to approve the annual reports.

Article 126 of the Tax Code of the Russian Federation establishes liability for the taxpayer’s failure to submit within the prescribed period the documents provided for by the code and other acts of legislation on taxes and fees. This offense entails a fine from the company in the amount of 200 rubles for each document not submitted (Resolution of the Federal Antimonopoly Service of the Moscow District dated 08/04/2008 in case No. A40-59858/07-115-371, Resolution of the Federal Antimonopoly Service of the Central District dated 07/25/2007 on case No. A64-5050/06-15).

In addition, administrative liability is provided for failure to submit financial statements or refusal to submit them to state regulatory authorities. For such violations, a fine of 300 to 500 rubles is imposed on officials of the organization. (Article 15.6 of the Code of Administrative Offenses of the Russian Federation). Payment of a fine does not exempt the organization from submitting financial statements (Part 4, Article 4.1 of the Code of Administrative Offenses of the Russian Federation).

The Federal Law “On the Securities Market” establishes civil liability for losses caused to an investor and/or owner of securities as a result of the provision or disclosure of unreliable, incomplete and/or misleading information.

In addition, violation of legal requirements regarding the presentation and disclosure of information on the securities market is an administrative offense and entails quite severe liability for a legal entity and its manager.

So in accordance with Part 1 of Art. 15.19 of the Code of Administrative Offenses of the Russian Federation, failure to provide or violation by the issuer of the procedure and deadlines for providing information (notifications), as well as provision of information not in full, and/or unreliable information, and/or misleading information shall entail the imposition of an administrative fine on officials in the amount of 20,000 up to 30,000 rubles or disqualification for up to 1 year; for legal entities - from 500,000 to 700,000 rubles.

Part 2 of Art. 15.19 of the Code of Administrative Offenses of the Russian Federation provides for liability for non-disclosure or violation by the issuer of the procedure and terms for disclosure of information, as well as disclosure of information not in full, and/or unreliable information, and/or misleading information. This offense entails the imposition of an administrative fine on officials in the amount of 30,000 to 50,000 rubles or disqualification for a period of 1 to 2 years; for legal entities - from 700,000 to 1,000,000 rubles.

Based on judicial practice, the most common offense in this area - untimely disclosure of information, can be classified as a minor offense in accordance with Art. 2.9 of the Code of Administrative Offenses of the Russian Federation and the violator may be released from administrative liability. Insignificance occurs in the absence of a significant threat to protected social relations, while the absence of negative consequences or their elimination are not circumstances indicating the insignificance of the offense (clause 18 of the Resolution of the Plenum of the Supreme Arbitration Court of the Russian Federation dated June 2, 2004 No. 10).

However, there is also the opposite judicial practice, based on which untimely disclosure of information is regarded as an encroachment on the order of public relations established by regulatory legal acts in the sphere of the securities market, and therefore it cannot be considered insignificant.

So, after analyzing the basic requirements for a company to have properly approved annual financial statements, we can conclude that compliance with the established requirements not only meets the interests of the company itself, but also makes the business more transparent, which increases the interest of potential investors and partners.

See sub. 11 clause 1 art. 48 of the Federal Law of December 26, 1995 No. 208-FZ “On Joint-Stock Companies” (hereinafter referred to as the Federal Law on Joint-Stock Companies), sub-clause. 6 paragraph 2 art. 33 of the Federal Law of 02/08/1998 No. 14-FZ “On Limited Liability Companies” (hereinafter referred to as the Federal Law on Limited Liability Companies).

In accordance with Art. 13 of the Accounting Law.

See paragraph 2 of Art. 12 of the Federal Law of November 21, 1996 No. 129-FZ “On Accounting” (hereinafter referred to as the Law on Accounting).

See paragraph 3 tbsp. 88 Federal Law on joint stock companies and clause 3 of Art. 47 Federal Law on limited liability companies.

See paragraph 3 of Art. 52 Federal Law on joint stock companies and clause 3 of Art. 36 Federal Law on limited liability companies.

In accordance with clause 8.1.1. Regulations on disclosure of information by issuers of issue-grade securities, approved. By Order of the Federal Financial Markets Service of the Russian Federation dated October 10, 2006 No. 06-117/pz-n.

See clause 89 of Order of the Ministry of Finance of the Russian Federation dated July 29, 1998 No. 34n “On approval of the Regulations on accounting and financial reporting in the Russian Federation.”

According to the Civil Code of the Russian Federation and the Federal Law on Joint-Stock Companies, open joint-stock companies that have switched to a simplified taxation system are required to maintain, present and disclose financial statements.

Publication in newspapers and magazines accessible to users of financial statements, or distribution among them of brochures, booklets and other publications containing financial statements, as well as transferring them to territorial bodies of state statistics at the place of registration of the organization for provision to interested users.

acc. from clause 1.3 of the Order of the Ministry of Finance of the Russian Federation dated November 28, 1996 No. 101 “On the procedure for publishing financial statements by open joint-stock companies.”

See para. 3 p. 3 art. 88 Federal Law on joint stock companies.

According to paragraph 1 of Art. 30 of the Federal Law “On the Securities Market”, disclosure of information means ensuring its availability to all persons interested in it, regardless of the purpose of obtaining this information in accordance with a procedure that guarantees its finding and receipt.

According to paragraph 3 of Art. 30 of the Federal Law “On the Securities Market”, the provision of information means ensuring its availability to a certain circle of persons in accordance with a procedure that guarantees its location and receipt by this circle of persons.

See clause 8.3.7. Regulations on disclosure of information by issuers of issue-grade securities, approved. By Order of the Federal Financial Markets Service of the Russian Federation dated October 10, 2006 No. 06-117/pz-n.

International Financial Reporting Standards (IFRS; English International Financial Reporting Standards) - a set of documents (standards and interpretations) regulating the rules for preparing financial statements necessary for external users to make economic decisions regarding the enterprise.

Generally Accepted Accounting Principles (GAAP) are accounting standards used in the United States and some other countries. GAAP differs (in particular, from International Financial Reporting Standards) in that GAAP regulates in detail the procedure for accounting for certain practical situations.

See para. 2 p. 2 art. 15 of the Accounting Law and par. 3 clause 86 of the Order of the Ministry of Finance of the Russian Federation dated July 29, 1998 No. 34n “On approval of the Regulations on maintaining accounting and financial statements in the Russian Federation.”

See clause 2.4.5 of the Order of the Federal Financial Markets Service of the Russian Federation “On approval of standards for issuing securities and registering securities prospectuses” dated January 25, 2007 No. 07-4/pz-n.

See clause 9 of Art. 22 of the Federal Law “On the Securities Market”; clause 8.1 ch. VIII. Appendix 8 to the Regulations on the disclosure of information by issuers of issue-grade securities, approved. By Order of the Federal Financial Markets Service of the Russian Federation dated October 10, 2006 No. 06-117/pz-n.

Listing is a set of procedures for including a security in one of the quotation lists of the stock exchange and monitoring the compliance of the securities and the issuer itself with the conditions and requirements established by the stock exchange.

See paragraphs. 14, 25 Appendix No. 40 to the Rules for Listing, Admission to Placement and Circulation of Securities on CJSC MICEX Stock Exchange.

See paragraphs. 5.1.1-5.1.2 Rules for admission of securities to trading at OJSC RTS Stock Exchange, approved. Board of Directors of OJSC RTS Stock Exchange (Minutes No. 09-21-3011 dated November 30, 2009) (hereinafter referred to as the RTS Admission Rules).

See paragraph 2 of Art. 31 Federal Law on limited liability companies; paragraph 3, clause 3, art. 33 Federal Law on joint stock companies; clause 2 art. 27.5-4 of the Federal Law “On the Securities Market”. Exceptions to this rule are indicated in paragraph 3 of Art. 27.5-4 of the Federal Law “On the Securities Market”.

See paragraph 1 of Art. 27.5.2 of the Federal Law “On the Securities Market”.

See clause 4.1.3 of the Rules, RTS Admission Rules.

See para. 2 p. 1 art. 18 Federal Law on limited liability companies.

Clause 3.5 of the Resolution of the Federal Commission for the Securities Market of the Russian Federation “On approval of the Regulations on additional requirements for the procedure for preparing, convening and holding a general meeting of shareholders” dated May 31, 2002 No. 17/ps.

Clause 5.5 of the RTS Admission Rules.

JSC Gazprom, JSC Aeroflot, JSC Russian Railways, JSC AVTOVAZ, JSC NK Rosneft, JSC Synergy.

See paragraph 1 of Art. 18 of the Federal Law “On the State Company “Russian Highways” and on Amendments to Certain Legislative Acts of the Russian Federation” dated July 17, 2009 No. 145-FZ; clause 1 art. 35 of the Federal Law “On the State Atomic Energy Corporation Rosatom” dated December 1, 2007 No. 317-FZ; clause 1 art. 9 of the Federal Law “On the State Corporation “Russian Technologies” dated November 23, 2007 No. 270-FZ; clause 1 art. 9 of the Federal Law “On the State Corporation for the Construction of Olympic Venues and the Development of the City of Sochi as a Mountain Climatic Resort” dated October 30, 2007 No. 238-FZ.

See Resolution of the Federal Antimonopoly Service of the North-Western District dated August 17, 2010 in case No. A56-72213/2009; Resolution 13 of the AAS dated April 19, 2010 in case No. A56-80327/2009; Resolution of the Federal Antimonopoly Service of the Volga District of March 5, 2010 in case No. A65-16385/2009.

See paragraph 11 of Art. 51 of the Federal Law “On the Securities Market”.

See Decision of the Moscow Arbitration Court dated 02/06/2007, 02/12/2007 in case No. A40-2623/07-17-24; Resolution of the Ninth Arbitration Court of Appeal dated December 19, 2006, December 26, 2006 No. 09AP-17166/2006-AK; Resolution of the Federal Antimonopoly Service of the Central District dated August 26, 2010 in case No. A54-120/2010.

To submit an accounting report for 2016, you need to use a new form to submit information about the company’s balance sheet. This article publishes how to correctly fill out this form line by line, as well as a specific example of a fully completed document

09.11.2016

Accounting structure for 2016

Accounting reporting documentation for 2016 is transferred by companies to two services at their location:

statistical;

tax

For the current year 2016, the following accounting reports are submitted:

balance sheet;

financial performance report;

attachments to the two named reports (depending on the situation, these may be reports relating to changes in capital, financial flows, and the intended use of funds).

The legislation also provides that explanations can be added to the accounting records, which are presented in the form of texts or tables. But the auditor's report must be attached without fail. It contains confirmation of the accuracy of all accounting documents. But this is done in the case when the company is subject to an audit - Federal Law, Law No. 402, Article 13, paragraph 10.

Non-profit companies also submit accounting reports, the structure of which is as follows:

targeted use of funds;

attachments to mandatory reports.

For individual entrepreneurs, there is no need to submit such accounting reports. For small businesses, it is possible to submit accounting reports in a simplified version. Here are its main nuances:

The balance sheet immediately includes reporting data on financial performance, but without detail.

The appendices contain only the information that is needed to assess the financial position of a given company or to assess its financial performance.

If there is no information to complete the above applications, only the required forms are filled out - a balance sheet and financial results report. These rules are confirmed by the following official documents:

order No. 66n (clause 6);

letter No. 03-02-07/1-80 of the Ministry of Finance of our state;

information No. PZ-3/2010 of the Ministry of Finance (clause 17).

When should the balance sheet for the current year 2016 be submitted?

Accounting statements for the annual period are submitted by firms to the local tax service within 3 months from the end of the reporting period, that is, a year - Tax Code, Article No. 23 (clause 1, subclause 5). This report is submitted to the statistical service within the same time frame - Federal Law, Law No. 402, Article 18 (clause 2).

A reporting document containing information about the company’s balance sheet for 2016 is submitted to the relevant departments of local services by March 31 of the following year (in our case, 2017). Interim accounting reports, which are prepared by the company for the convenience of accounting, do not need to be submitted to the tax and statistical services.

Blank report forms (current for 2016-2017)

Download blank forms for filling out a balance sheet:

Features of the simplified form of financial reporting for the current year 2016

Simplified accounting (financial) reporting includes a Balance Sheet, a Statement of Financial Results and a Report on the Purposeful Use of Funds. The following key dates are used for the 2016 report:

In the simplified form of the balance sheet, two mandatory parts are filled in:

asset - non-current and circulating quantities;

liability - the amount of your capital, borrowed finance, accounts payable.

The final results for these sections are recorded in C1600 and C1700, and their digital values must be equal to each other. The remaining lines also have their own encoding, which is entered in an additional column (this is entered into the report independently). This coding is affixed to the digital indicator, which has the largest share in the aggregated indicator - order No. 66n (clause 5).

The consolidated items of the balance sheet according to the simplified tax system for 2016 include:


1. Tangible non-current assets (fixed funds + unfinished capital investments in them).	1. Capital and reserves (authorized capital + additional and reserve capital + retained earnings + uncovered loss + revaluation of fixed assets (intangible assets) + own shares (which were purchased for subsequent cancellation) or shares of the founders).
2. Intangible, financial non-current assets (intangible assets + long-term funds, including research results, unfinished investments in intangible assets, research).	2. Long-term borrowed funds (money received as a result of loans or long-term loans).
3. Inventories (the same item exists in the general version of the balance sheet).	3. Short-term borrowed funds (money received from short-term loans or credits).
4. Cash and equivalents (the same item exists in the general version of the balance sheet).	4. Accounts payable (a digital indicator of the amount of short-term debt a company has to creditors).
5. Financial and other current assets (short-term investments + accounts receivable + other assets).	5. Other obligations (short-term and long-term).

Features of the general form of the balance sheet for 2016

The specifics of the general form of the balance sheet are presented in Order No. 66n, namely in Appendix No. 1 to it. This form can also be used by small businesses, although a simplified version of this report has been developed for them.

The balance sheet for this form also contains several columns that should reflect indicators for the following dates (for 2016):

Let us now consider all the nuances for each column separately.

No. 1 - the number of the explanation to the balance sheet is indicated (if there is an explanatory note),

No. 3 - additionally added column for line-by-line encoding.

Like the simplified form, the general one has two main parts:

Asset - reflects the size of all assets, both current and non-current.

Liability - reflects the amount of your own capital + borrowed funds + accounts payable.

Let's break down the balance sheet by section:

Section No. 1 - non-current assets.

Intangible assets. C1110 prescribes the residual value of intangible assets (in accordance with Order No. 153n of the Ministry of Finance of our state, namely with paragraph No. 3 of PBU 14/2007).

Intangible assets include those that meet the following criteria:

ability to generate economic benefits;

possibility of identification (separation/separation) from other assets;

intended for use over a long period of time (over 12 months);

reliable determination of the initial cost of the object (in fact);

there is no material form available.

Example: if the above conditions coincide, then the object is classified as an intangible type of asset - these are works of science, literature, art, various inventions, secret developments, trademarks, etc. In addition, they can also include business reputation, which may appear when purchasing a company as a property complex (although this may only be part of it).

Experts recommend paying attention to the following nuance: intangible assets cannot include expenses that are associated with the organization of the company itself (legal entity), the quality of the company’s personnel - intellectual and business, qualifications and attitude to work - PBU 14/2007, paragraph 4.

C1120 - results of research and development, which are recorded in account “04” (intangible assets).

C1130 - C1140 - indicators of exploration assets, both tangible and intangible (for companies that are users of subsoil, they reflect in these lines the costs used for the development of natural resources - PBU 24/2011, in accordance with Order No. 125n of the Ministry of Finance of our state) .

C1150 - basic type products. This line includes an indicator of the residual value of funds of the main type for depreciable objects, for a non-depreciable object - an indicator of the initial cost. Those assets that are classified as funds of the main type must necessarily comply with PBU 6/01 (clause 4), according to Order No. 26n of the Ministry of Finance. The named objects are necessarily owned by the company or have the right of operational management or management. Funds of the main type also include property that a company receives on the basis of a leasing agreement and is subsequently recorded on the balance sheet of the recipient of this lease. Those objects that fall under mandatory registration as property rights also belong to the main type of funds (as soon as they are taken into account on the company’s balance sheet).

It is worth paying attention to the fact that in this section there is no reflection of expenses for the construction of real estate - the line “Construction in progress”. These expenses are entered in this line C1150 - PBU 4/99 (clause 20), in accordance with Order No. 43n of the Ministry of Finance. Although you can add an additional line to decipher expenses for unfinished construction.

C1160 - information about profitable investments in materiel. These, first of all, include the residual value of property that is rented out (that is, leasing), with subsequent accounting in account “03”. In the case when this property was used in connection with other production needs, and after that it will be rented out, then it is reflected in a separate subaccount of account “01” - the composition of funds of the main type. But the transfer of the cost of funds of the main type into profitable investments and vice versa is not carried out - letter No. GV-6-21/418@ Federal Tax Service (dated 05.19.05).

C1170 - financial investments of a long-term nature (for a period of more than 12 months), short-term ones are reflected in C1240 - this is section No. 2, line “Current assets”. Long-term investments include investments in subsidiaries. Financial investments are taken into account in the amount that was spent to acquire them. At the same time, the cost of their shares, which were purchased from the company’s shareholders for their subsequent resale or cancellation (C1320) + interest-free loans that are issued to the company’s workers, should not be classified as financial investments (C1190 - long-term type, C1230 - short-term type) - PBU 19 /02 (clause 3), in accordance with order No. 126n of the Ministry of Finance (dated 12/10/02).

C1180 - deferred tax assets must be contributed by income tax taxpayers (for the simplified tax system - “-”).

C1190 - indicators for other non-current assets, if they have not yet been included in other lines of section No. 1.

Section No. 2 - current assets.

C1210 is a digital indicator of the cost of inventories of a material nature; its decoding is required in the case when these indicators are included in C1210 (that is, they are significant). To decrypt, you need to add the following lines:

materials/raw materials;

costs of work in progress;

products in finished form, as well as goods for subsequent resale;

shipped goods.

C1220 is a digital indicator of value added tax, which is charged on purchased values. For those who work under the “simplified” system, filling out this line must be consistent with the company’s accounting policy, namely with the amount of “input” VAT (reflected on account “19”), while such companies cannot be independent VAT payers - Tax Code , article No. 346.11 (clause 2).

C1230 - short-term receivables are registered, which require repayment within one year.

C1240 - financial investments, other than cash equivalents (loans provided to the company for a period of less than 12 months). When determining the current market value of investments, you must use all available information, including information from foreign trade organizers - letter No. 07-02-18/01 of the Ministry of Finance (dated January 29, 2009). If such a determination of the market value for an object that has already been assessed previously cannot be possible, then the value indicator is recorded based on the last assessment result.

The line “Cash and investments” summarizes the digital indicators of the value of cash equivalents (the balance of the subaccount of account “58”) + account balances (accounts “50”, “51”, “52”, “55” and “57”). More information about cash equivalents can be found in the Regulations - PBU 23/2011, which is approved by Order No. 11n of the Ministry of Finance of our state (dated 02/02/11). For example, these are demand deposits that are opened in credit institutions.

C1260 - other current assets that were not included in other lines of this section No. 2.

Section No. 3 - capital and reserves.

C1310 - indicator of the amount of authorized capital:

share capital;

authorized capital;

friendly contributions.

The digital indicator for this line must coincide with the indicator recorded in the constituent documentation of the company.

C1320 - own shares or shares of the founders, previously purchased from the company’s shareholders, but not for sale (those that will subsequently be resold are included in C1260). They must be cancelled, resulting in a reduction in the authorized capital. Therefore, this indicator is written in parentheses, since it has a negative value.

C1340 - shows the revaluation of non-current assets. This is an additional valuation of objects that belong to fixed assets + intangible assets (account “83” - additional capital).

C1350 is a digital indicator of the amount of the additional indicator (it is taken without the revaluation amount from C1340).

C1360 - indicator of the reserve fund balance. Reserves include:

those that were formed at the request of the legislative system of our state;

those created according to constituent documents.

Decoding is not needed only if the listed indicators do not have a significant impact.

C1370 - shows the company’s accumulated profit over all years, which has not been distributed, and also includes an uncovered loss with a negative indicator.

The components of these indicators can be described in additionally added lines (this will be the decoding of financial performance - profit/loss).

Section No. 4 - long-term liabilities.

C1410 - long-term borrowed funds (that is, the repayment period is more than one year).

C1420 - income tax payers record information about deferred tax liabilities (those who work under the simplified tax system put “-”).

C1430 - estimated liabilities are recorded when the company recognizes them when maintaining accounting records - PBU 8/2010 (in accordance with Order No. 167n of the Ministry of Finance). This does not apply to small businesses.

C1450 - other long-term obligations that were not included in this section No. 4.

Section No. 5 - short-term liabilities.

C1510 - debt on borrowed funds of a short-term nature (that is, those that were taken out for a period of up to one year). This value should be reflected taking into account interest that must be paid at the end of the reporting period.

C1520 is a digital indicator of the total amount of debt on a short-term loan.

C1530 - information on income for future reporting periods. But this must be provided for in accounting regulations. Let's look at an example: a company receives certain amounts of money from the budget or amounts of targeted financing. Such finances are accounted for as deferred income. These are accounts “98” and “86” - PBU 13/200 (paragraphs 9 and 20), in accordance with order No. 92n of the Ministry of Finance of our state.

C1540 is a short-term estimated liability (similar to C1430), that is, filling occurs only when such liabilities are officially recognized in the accounting of the company itself.

C1550 - other short-term obligations that have not yet been included in other lines of section No. 5.

Information table: summary of balance sheet lines (general form)

Section number, name	Line by line encoding	Control
No. 1 - non-current assets		Dt04 (without R&D expenses) - Kt05
		Dt04 (R&D expenses)
		Dt08 (expenses for intangible search costs)
		Dt08 (expenses for material search costs)
		Dt01 - Kt02 (depreciation of fixed assets) + Dt08 (expenses for construction in progress)
		Dt03 - Kt02 (depreciation of income-type investments)
		Dt58 + Dt 55 (sub-account “Deposit accounts”) + Dt73 (sub-account “Settlements on loans provided) - Kt59 (reserve for long-term financial investments)

		A digital indicator of the value of non-current assets, which are not taken into account in other lines of section No. 1
No. 2 - current assets		The sum of the debit balances of the following accounts: 10, 11, 20, 21, 23, 28, 29, 43, 44, 45 + Dt41-Kt42+Dt15+Dt16 (or Dt15-Kt16)- Kt14+Dt97 (short-term expenses)

		Dt62+Dt60+Dt68+Dt69+Dt70+Dt71+Dt73 (not counting interest-bearing loans) +Dt75+Dt76-Kt63
		Dt58+Dt55 (sub-account “Deposit accounts”) + Dt73 (sub-account “Settlements on loans granted”) - Kt59 (reserve for short-term financial investments)
		Dt50+Dt51+Dt52+Dt55+Dt57-Dt55 (sub-account “Deposit accounts”)
		Indicator of the value of current assets that were not included in section No. 2
	S1200 (result for section No. 2)	Sum of lines: C1210 to C1260
	S1600 (balance)
No. 3 - capital and reserves

		Kt83 (amounts of additional valuation of fixed assets and intangible assets)
		Kt83 (without amounts of additional valuation of fixed assets and intangible assets)


	S1300 (result for section No. 3)	Sum of lines: from C1310 to C137 (the negative indicator of the result obtained is taken in brackets)
No. 4 - long-term obligations		Kt67 (excludes accrued interest, which at the time of drawing up the report has a maturity of up to one year, they are shown in C1510)

		Kt96 (only long-term estimated liabilities are taken into account)
		Long-term debt that was not reflected in other lines of section No. 4
	С1400 (result for section No. 4)	Sum of digital indicators of lines: from C1410 to C1450
No. 5 - short-term liabilities		Kt66+Kt67 (this takes into account accrued interest with a repayment period of up to one year)
		Kt60+Kt62+Kt76+Kt68+Kt69+Kt70+Kt71+Kt73+Kt75 (only short-term debt is taken into account)
		Kt98+Kt86 (for targeted funding from the budget)
		Kt96 (only short-term estimated liabilities)
		Amounts of digital indicators of debts for short-term obligations that were not taken into account in other lines of section No. 5
	С1500 (result for section No. 5)	Sum of line indicators: C1510 to C1550
	S1700 (balance)	S1300+S1400+S1500

If all data is entered correctly, the digital indicators of the following lines will be equal: C1600 = C1700. If the result does not match, then there is an error in the balance sheet.

An example of filling out a balance sheet form for the simplified tax system for 2016 (with a sample)

The Nadezhda company was registered as a limited liability company in the current year 2016. At the same time, she works in a “simplified” manner. We know the following data that will be required to complete the balance sheet:

An employee of the accounting department of Nadezhda LLC filled out the balance sheet form for 2016 using two forms - general and simplified.

The following key points will be common in filling out:

full company name;

type of main activity;

organizational and legal form;

form of ownership;

a unit of measurement that is not involved in calculations has been crossed out (in our case, all indicators are measured in thousands of rubles);

location of the company (its exact address);

coding system.

Dash marks are placed in both forms in the last two columns, since the Nadezhda company went through the registration procedure in the current year 2016. Therefore, only column No. 4 needs to be filled in, because the company is a newly created one. Information is recorded here as of December 31 of the reporting year (in our case, 2016).

Additionally, you should add column No. 3, in which the line-by-line encoding is recorded.

C1110 - intangible assets: Dt account “04” minus Kt account “05” = 100 thousand rubles - 3 thousand 340 rubles = 96 thousand 660 rubles (but since all digital indicators must be in the form of an integer, the number “ 97").

C1150 - funds of the main type: Dt account “01” minus Kt account “02” = 600 thousand rubles - 20 thousand 40 rubles = 579 thousand 960 rubles (the figure “580” is entered in the report).

C1170 - financial investments: Dt account “58” = 150 thousand rubles (such an investment will be of a long-term type).

C1100 - summary total: C1110+C1150+C1170=97 thousand rubles+580 thousand rubles+150 thousand rubles = 827 thousand rubles.

Entering data on current assets:

C1210 - inventories: Dt account “10” + Dt account “43” = 17 thousand rubles + 90 thousand rubles = 107 thousand rubles.

C1220 - VAT on purchased valuables: Dt account “19” = 6 thousand rubles.

C1250 - cash and equivalents: Dt account “50” + Dt account “51” = 15 thousand rubles + 250 thousand rubles = 265 thousand rubles.

C1200 - summary total: C1210+C1220+C1250=107 thousand rubles + 6 thousand rubles + 265 thousand rubles = 378 thousand rubles.

C1600 - total: C1100 + C1200 = 827 thousand rubles + 378 thousand rubles = 1205 thousand rubles.

All other lines in column No. 4 have “-”.

Now the sequence of filling out liabilities in the balance sheet.

C1310 - authorized capital: Account CT “80” = 50 thousand rubles.

C1360 - reserve capital: Account CT “82” = 10 thousand rubles.

C1370 - retained earnings and uncovered loss: Account CT “84” = 150 thousand rubles (since the indicator has a positive sign, it is not taken into brackets).

C1300 - summary total: C1310+C1360+C1370=50 + 10 + 150 = 210 thousand rubles.

C1520 - short-term accounts payable: Account credit “60” + Account credit “62” + Account credit “70” = 150 + 506 + 89 + 250 = 995 thousand rubles.

C1500 duplicates the C1520 indicator (this is due to the fact that the other lines of this section No. 5 remain unfilled).

C1700 - summary total: C1300+C1500=210+995=1205 thousand rubles.

The remaining passive lines have a “-” because there is no relevant information available.

The results of C1600 and C1700 are equal, this is 1205 thousand rubles. Since the balance in the report is correct, it means that the data was entered without errors.

Column No. 2 was added by the accounting employee himself in order to enter line-by-line coding into it. And column No. 3 contains digital indicators.

C1150 - cost of basic type funds = 580 thousand rubles.

C1170 - financial investments and non-current intangible assets: 97+150= 247 thousand rubles.

C1210 - inventories = 107 thousand rubles.

C1250 - cash and equivalents = 265 thousand rubles.

C1260 - current assets that are not included in other lines = 6 thousand rubles.

С1600 - summary result of the asset division: С1150+С1170+С1210+С1250+С1260.

Now let's look at the liability side of the balance sheet.

C1370 - retained earnings in the line “Capital and reserves”: 50+10+150=210 thousand rubles (calculated according to the indicator that has the largest share in the aggregated indicator).

C1520 - short-term accounts payable = 995 thousand rubles.

The other lines of column No. 3 remain with “-” because the information is missing. In column No. 2 you can also put “-” or enter the encoding corresponding to the indicator.

C1700 - total for liabilities: C1370+C1520.

Since when reconciling the results of the final lines - C1600 and C1700, we get the same number - 1205 thousand rubles, then the balance sheet is filled out correctly.

These forms are signed by a senior employee of the Nadezhda company. After this, the date of signing the documents is indicated.

Svetlana

Is it possible that Simplified accounting is provided on the old forms, Form for KND 0710096, and not on Form for KND 0710099