Sample explanatory note to the annual financial statements. Balance sheet: explanatory note to the balance sheet
One of the conditional forms financial statements is an explanatory note. As the name implies, it contains a kind of decoding of reporting, that is, it actually describes in words financial position companies at the end of the year and the changes that have occurred in it for reporting period.
Explanatory note to the balance sheet - mandatory or not?
First of all, we note that one should not confuse the explanatory note and explanations to balance sheet. The latter, according to paragraphs 5 and 28 of PBU 4/99 "Accounting statements of the organization", are separate reporting forms like a traffic report Money, statement of changes in equity and other forms included in the financial statements, which are actually considered appendices to the balance sheet and statement of financial results. The explanatory note itself also refers to the explanations in the reporting set.
Is an explanatory note to the balance sheet required? Of course, the company must compile it and submit it to the IFTS as part of the financial statements. However, there is one exception here. If the characteristics of the company's activities allow it to carry the status of a representative of a small business, then such a company can draw up financial statements in a simplified form. This involves the submission of financial statements as part of only two forms: a balance sheet and a statement of financial results. A small business will also not have an explanatory note to the financial statements.
How to write an explanatory note: sample
The content of the explanatory note, in cases where it is necessary to draw up, should provide regulatory authorities with information about the company's activities in the reporting period. It indicates the main characteristics of the business as a whole, as well as factors affecting changes in certain indicators. Strict form no explanatory note. That is, an accountant can compile it in text form and use various tables, summaries, graphs or charts in it, in a word, use in this report all methods of presenting information that he deems necessary. The data set for the explanatory note is also determined by the accountant himself. At the same time, he should be guided by the very purpose of this form, in other words, disclose in it the information necessary for the formation of the controllers' understanding of the company's activities.
An example of an explanatory note
Explanatory note to the balance sheet for 2016 (sample)
Alpha LLC
- General information
- Alpha Limited Liability Company
- Legal and actual address: Moscow, st. Profsoyuznaya d. 99.
- Date of registration: August 21, 2013.
- PSRN: 1077077077077
- TIN: 7727077700
- Gearbox: 772701001
- Registered in the Federal Tax Service of Russia No. 27 for Moscow, certificate of state registration 77 No. 000000077.
- Authorized capital: 10,000 (ten thousand) rubles, paid in full.
- Main activity: 70.3 - Provision of intermediary services related to real estate.
- The number of employees as of December 31, 2016 was 65 people.
- Branches, representative offices and separate divisions missing.
- The balance sheet is formed in accordance with the rules in force in the Russian Federation accounting and reporting.
- Accounting policy
The accounting policy for accounting purposes for 2016 was approved by order CEO dated December 25, 2015 No. 2015-12/28. The accounting policy did not change during the reporting period.
- According to the approved document, the organization applies the straight-line method of depreciation of fixed assets and intangible assets.
- The cost of material production stocks, finished products carried out according to actual cost;
- the write-off of inventories into production is carried out at the average cost.
- The financial result from the sale of products, works, services, goods is determined by shipment.
- Key performance indicators (here you can give the main figures on the income and expenses of the company, reflected for accounting purposes)
- In the reporting year, the revenue of Alfa LLC amounted to:
- For the main activity for the provision of intermediary services related to real estate - 158,456,120 rubles
- For other activities - 1,000,580 rubles.
- Other income: 670,800 rubles.
- Costs associated with production and sale:
- Acquisition of fixed assets: 3,480,780 rubles
- Depreciation: 44,118 rubles,
- Purchase of materials: 110,880 rubles.
- Payroll fund: 37,520,130 rubles,
- Travel expenses: 458,690 rubles,
- Rent: 5 420 180 rubles.
- Other expenses: 980,456 rubles.
- Breakdown of balance sheet items as of December 31, 2016
(Here, individual balance sheet items are deciphered with more detailed information and explanations that may be of interest to auditors. Let's give an example of such an explanation for the line "Capital and reserves").
4.1. Capital and reserves.
In 2016, the capital ratio and reserves were increased at the expense of a part of retained earnings of previous years, remaining after the payment of dividends to the founders of Alfa LLC in 2015. Thus, the cost of capital and reserves amounted to RR 880,000 as at 31 December.
- Cost estimate net assets(data on net assets calculated on the basis of accounting indicators as of December 31 of the reporting year are provided).
- The composition of fixed assets (the indicator of the corresponding line of the balance sheet is deciphered).
- Accounts payable (including it is advisable to indicate the debt to the budget at the end of the year).
- Other information.
General Director of Alpha LLC Ivanova T.N.
As already mentioned, the legislation does not offer a clear list of information related to the financial activities of the company, which the accountant would be required to include in the explanatory note to the balance sheet. The main thing when compiling it is to adhere to general principle compliance with financial statements.
Related parties in the explanatory note
However, special attention should be paid to information about related parties when drawing up an explanatory note. It is recommended to be specified in this document. separate section(clause 14 PBU 11/2008).
The company has the right to determine the list of related parties, the data on which it will reflect in the note. The data themselves must be disclosed in the context of information on transactions with related parties, and also, regardless of the transactions, for those organizations and individuals that are recognized as affiliates.
Related parties in explanatory note, example
- Information about affiliated persons as of December 31, 2016:
- Ivanova Tatyana Nikolaevna - the founder of a 50% share in the management company, holds the position of General Director.
- Petrova Ekaterina Borisovna - the founder of a 50% share in the management company, holds the position of Deputy General Director.
- Transactions conducted in the reporting period with related parties.
2.1. 03/20/2016 general meeting of the founders of Alfa LLC, the financial statements for 2015 were reviewed and approved. The meeting decided to pay a profit in the amount of 7,800,000 rubles at the end of 2015 to the founders based on their share in the management company. The payment (taking into account the withholding of personal income tax) was made on 1504.2016.
2.2. In July 2016, Alfa LLC entered into an agreement with the founder Petrova E.B. purchase agreement non-residential premises worth 1,250,000 rubles. The value of the transaction is due to the independent evaluation the value of the property, carried out by an independent appraiser. Settlements for the completed transaction were made in full in August 2016, at the same time the act of acceptance and transfer of the premises was signed.
The composition of the annual financial statements of organizations includes an explanatory note to the balance sheet-2017. There is no sample of this document, so it can be drawn up in any form. In it, the accountant describes the most important changes that have occurred during the reporting period, and characterizes the financial situation at the end of the year. Learn how to do it right in this article.
Currently current legislation there is no mandatory provision of an explanatory note to the balance sheet as part of annual accounts. However, in most cases it is indispensable. There are no special requirements for this document, but it is desirable to compile it without errors. After all, if the data does not match those indicated in the report itself, tax service questions may arise. Let's see who, when, why and in what form should make explanations to the balance sheet?
Explanations to the balance sheet and a note are not the same
The explanatory note to the balance sheet, a sample of which can be seen in this article, does not replace the explanation to the balance sheet. By virtue of PBU 4/99 "Accounting statements of the organization", the latter concept, in fact, deciphers the individual reporting forms:
- statement of changes in equity;
- cash flow statement;
- other reporting forms and applications as part of financial statements.
Whereas the note is an arbitrary transcript of the entire financial situation In the organisation. It can contain both general information, and detailed explanations on the lines of the balance sheet and income statement. Article 14 federal law dated 06.12.2011 No. 402 and paragraph 4 of the order of the Ministry of Finance of Russia dated 02.07.2010 No. 66n, this document is included in the annual financial statements. In particular, paragraph 28 of PBU 4/99 provides that business entities are required to issue explanations to the balance sheet and Form No. 2 in the form of separate reporting forms and a general explanatory note. Although officials do not put forward any specific requirements for the form and content of this document, all organizations must submit an explanatory note with a balance sheet.
An exception to general rule are representatives of small businesses who have the right to draw up and submit accounting reports in a simplified way. They must provide only two mandatory forms: a balance sheet and a statement of financial results. It is not necessary for them to decipher the meanings and describe their financial situation. However, if such a desire arises, it is not forbidden to draw up this document.
Who needs an explanatory note to the annual financial statements and why
A sample of this important document is necessary for all users of financial statements to obtain more complete additional information about the financial economic activity legal entity. Such information, as a rule, cannot be provided in other reporting forms, but it is important and is of interest both to the founders or creditors of the company, and to regulatory authorities. Data in this document can be included based on specific wishes, for example, the board of directors, as well as based on the characteristics of the current enterprise economic situation by the end of the year. For example, if the income tax for the reporting period turned out to be significantly lower than the previous one, it makes sense to describe the reasons for this in an explanatory note, since the tax authority, having received such data, will still ask them to explain. Anticipating this desire, you can avoid not only unnecessary questions from the tax authorities and calls to the “carpet” to the inspection, but also field check, which can be assigned within the cameral.
What information should be in the explanatory note
There are no legal requirements for the content of this document. Each accountant independently determines not only the composition and completeness of the data in it, but also in what form it is more convenient to provide them:
- plain text;
- diagrams;
- tables;
- schemes;
- graphs.
There is a general plan for this document. Based on it, you can get an idea of what information is appropriate to provide. The most complete note may contain, in particular, the following sections:
- general data of the organization (address, average annual number of employees, types economic activity, management team, etc.);
- general data on the applied accounting policy;
- analysis of current financial indicators activities of the organization;
- textual and tabular explanations for financial statements.
In order for the inspectors to have as few questions as possible, the document should necessarily indicate at least brief information about accounting methods. This is especially true in areas such as:
- evaluation of goods, inventories and finished products;
- evaluation of work in progress;
- depreciation of fixed assets;
- recognition of sales revenue.
In addition, if in accounting policy organizations have made changes, you need not only to report this in a note, but also to justify their reasons and necessity. There must be an assessment of the result of changes in monetary terms, namely the amount by which the assessment of financial statements items has changed due to a change in the accounting method. If there are actions in the plans for the current year that affect the facts of the organization’s economic activity or its continuity, for example, the upcoming liquidation of the organization, then this must be written in a note.
In the form of tables, it is desirable to provide transcripts of the lines of the balance sheet and Form 2, in particular:
- data on changes in the capital of the organization (authorized, reserve, additional, etc.);
- on the composition and movement of reserves upcoming expenses and payments;
- estimated reserves of the organization;
- changes in the structure and volume of intangible assets and fixed assets;
- data on the leased property of the organization;
- information about financial investments, accounts receivable and accounts payable;
- composition of production costs and other expenses;
- sales volumes of products, goods, works, services by type of activity of the organization and sales markets;
- data on securing the obligations of the organization;
- all extraordinary facts of the economic activities of the organization in the reporting period and their consequences.
In addition to dry facts and figures, the explanatory note welcomes the analysis of the financial performance of the organization. Such information, first of all, is of interest to founders, shareholders and investors, but this data will also tell tax specialists a lot. In particular, information about the business activity of the organization and its position in the market will be useful when applying for VAT deductions or when opening foreign economic activity. If the work is not going as fast as you would like, and the results of the year are losses, a well-written explanatory note with a detailed analysis of all factors will help to avoid suspicion from tax authorities in the application of illegal methods of tax reduction. If it is possible to find answers to all the questions of interest to the tax authorities in the document, then it will be easier to avoid additional methods of supervision.
Explanatory note to financial statements, sample
In order for our readers to have an idea of what this document might look like, we took the conditional organization Horns and Hooves LLC, which has been operating since 2005 and is engaged in the production and sale of dairy products. Her Chief Accountant compiled this document as follows:
Explanations to the balance sheet of Horns and Hooves LLC for 2017
1. General information
Limited Liability Company (LLC) "Horns and Hooves" was registered by the Federal Tax Service No. 1 for St. Petersburg on March 29, 2005. State registration certificate No. 000000000, TIN 1111111111111111, KPP 22222222222, legal address Location: St. Petersburg, Nevsky prospect, 1.
The balance sheet of the organization was formed in accordance with the current Russian Federation rules and requirements of accounting and reporting.
- The authorized capital of the organization: 5,000,000 (five million) rubles, paid in full.
- Number of founders: two individuals O. M. Kurochkin and I.I. Ivanov and one entity OOO "Moloko"
- Primary activity: milk processing OKVED 15.51.
- The number of employees as of December 31, 2016 was 165 people.
- There are no branches, representative offices and separate subdivisions.
2. Main provisions of the accounting policy
The accounting policy of LLC "Horns and Hooves" was approved by the order of the director Ivanov I.I. dated December 25, 2013 No. 289. The straight-line depreciation method is applied. Evaluation of inventories and finished products is carried out at actual cost. The financial result from the sale of products, works, services, goods is determined by shipment.
3. Information about affiliates
Ivanov Ivan Ivanovich - the founder of a 50% share of ownership in the management company, holds the position of general director.
Kurochkin Oleg Mikhailovich - founder of a 30% stake in the management company.
LLC "Moloko" - the founder of a 20% share of ownership in the UK, Russian organization(founders V.P. Petrov and Yu.K. Sidorov).
In the reporting period, the following financial transactions were made with related parties:
- On March 12, 2017, the general meeting of founders of Horns and Hooves LLC considered and approved financial statements organizations in 2016. The meeting decided to pay the profit in the amount of 3,252,000 rubles based on the results of 2016 to the founders based on their share in the authorized capital. payout (including withholding personal income tax for two individuals) was made on 04/01/2017;
- On May 25, 2017 LLC "Horns and Hooves" concluded with the founder of LLC "Moloko" Yu.K. Sidorov an agreement on the acquisition of non-residential premises worth 5,102,000 rubles. The cost of the transaction is determined by an independent appraisal of the value of the property. Settlements under the contract were made in full on June 6, 2017, the act of acceptance and transfer of real estate was signed.
4. Key performance indicators of the organization for 2017
In the reporting year, the revenue of Horns and Hooves LLC amounted to:
- for the main activity "production and sale of dairy products" - 385,420,020 rubles;
- for other types of activities - 650,580 rubles;
- other income: 170,800 rubles (sales of fixed assets).
Costs for production and sale of products:
- acquisition of fixed assets: 1,410,500 rubles;
- OS depreciation: 45,230 rubles;
- purchase of raw materials: 110,452,880 rubles;
- wage fund: 137,580,040 rubles;
- travel expenses: 238,300 rubles;
- rental of premises: 8,478,190 rubles;
- other expenses: 532,458 rubles.
5. Breakdown of balance sheet items as of December 31, 2017 (on the example of accounts payable)
Availability and movement of receivables
Indicator Period For the beginning of the year Changes over the period At the end of the year Accounted for under contracts Reserve for doubtful debts Received dropped out Remainder In thousands of rubles with a decimal sign Under contracts (transactions) Fines, penalties, forfeits Redeemed Written off in fin. result Written off to allowance for doubtful debts Current Overdue Total short-term
receivables, including:2017 25 489,3 (200,0) 15 632,7 300,4 (25 023,2) (102,1) (48,9) 15 726,1 522,1 buyers 20 409,0 (200,0) 10 015,5 300,4 (17 315,3) (87,7) (48,9) 12 750,9 522,1 suppliers 5080,3 - 5617,1 - (7707,9) (14,4) - 2975,2 - Total long-term receivables, including: 2017 50 000,0 - - - - - - 50 000,0 - on interest-free loans 40 000,0 - - - - - - 40 000,0 - TOTAL accounts receivable 30 489,3 (200,0) 15 632,7 300,4 (25 023,2) (102,1) (48,9) 65 726,1 522,1 6. Estimated liabilities and reserves
As of December 31, 2017, the organization formed an estimated obligation to pay for regular vacations of employees in the amount of 7,458,000 rubles, the number of unpaid vacation days is 67, the due date is 2019.
The allowance for doubtful debts was formed in the amount of 600,000 rubles. in connection with the presence of an overdue and unsecured debt of Girya LLC in the amount of 522,000 rubles.
The reserve for the decrease in the cost of inventories in 2017 was not created in the organization, since the inventories do not have signs of depreciation.
7. Salary
As of December 31, 2017, payables for wages for the organization as a whole amounted to 3,876,400 rubles. (payment for December 2017, due: 01/12/2018). Staff turnover in the reporting period amounted to 14.88%. The headcount as of December 31, 2016 is 165 people. The average monthly salary is 25,675 rubles.
8. Other information
(In this section, you need to describe all the extraordinary facts in the economic and economic activities of the organization for the reporting period, describe their consequences. You can also describe all other material facts that affected the balance sheet in general and, in particular, major transactions and counterparties can be listed on them for the reporting period, as well as write a forecast or events that have already happened after the reporting date and are material.)
Director of Horns and Hooves LLC /signature/ Ivanov I.I. 03/19/2018.
When compiling an explanatory note, special attention should be paid to information about affiliated persons. It is desirable to issue these data in a separate section, as required by paragraph 14 of PBU 11/2008. By law, it is necessary to disclose information not only about the founders of the organization itself, but also about persons related to them, therefore, if there is a legal entity among the founders (as in our example), its participants or shareholders must be indicated. In addition, information should be provided on transactions made in the reporting period with related parties, as well as, regardless of the transactions, for those legal entities and individuals who are recognized as affiliates.
It is obvious that the competent preparation of an explanatory note to the financial statements can save the manager and accountant from additional communication with regulatory authorities. It is important to remember that the detail of information in this document depends only on its originator - on the intention of the organization itself to disclose certain indicators for the year or not. The main and only requirement that the legislator makes to this document is that the information contained in the explanations must be reliable. The person who signed the document is responsible for its correctness.
Annual report for 2017 with the help of ConsultantPlus
All the necessary expert materials for the preparation of accounting and tax reporting per year can be found in . It has a special material on this topic - Practical guide according to the annual reporting-2017, in which all aspects and nuances are thoroughly analyzed, examples and step by step instructions, as well as samples of filling in all forms and forms.
In the practice of accounting, the degree of disclosure is set as needed and depending on the curator. So, to submit the balance sheet on command (to the head office), some indicators can be specified, and for the tax office, others.
What is an explanatory note to financial statements
The definition of accompanying documentation is based on the provision of Article 5 of the Accounting Regulations (AR) 4 1999. The scope of the application is determined by the requested authorities, also depends on. Large enterprises during the reporting period may be busy compiling several hundred sheets of an explanatory note.
The document itself usually provides a transcript of the key indicators of the enterprise that are of interest to inspection bodies or. The note can provide calculated indicators, such as the turnover ratio, profitability, or stock indicator. Numerical parameters are calculated based on the lines of the balance sheet.
A considerable part of the content is a description of the reasons for the formation of accounts receivable and creditor types, the consequences of an increase or decrease. If in the reporting period there was a bonus (reduction of bonuses) for the positions of workers, employees, managers. Often, the note indicates the facts of the movement or disposal of large assets, the reasons (orders for the enterprise).
What is an explanatory note to the financial statements, the video below will tell:
Concept and normative consolidation
The main regulatory act for the purposes of compiling a note with explanations is PBU 4 of 1999. This normative document reinforces the need to form a document, but does not display its content. The structure and degree of information disclosure is determined by enterprises based on the appeal of affiliated persons and regulatory authorities. Again, if the founders have the right to receive comprehensive information about the actual state of affairs at the enterprise, then for tax and statistics disclosure of information occurs to a degree sufficient for monitoring.
When compiling a template for an explanatory note, you can refer to the Accounting Law. The standard provides approximate titles of sections in which essential information about the enterprise should be specified.
Composition and role
- According to the same PBU 4 of 1999, the composition of the explanatory note is determined by requests, and internal (local) regulations. The procedure for disclosing information is fixed in;
- For the purposes of preparing for writing auditor's report the organization refers to the requirements (request) of the inspectors to draw up. In the absence of an explanatory note in the annexes, there is a risk of receiving a comment about the submission of forms in an incomplete volume or receiving a request for the submission of an additional set of reports.
In the absence of an explanatory note, you can not only encounter a misinterpretation of reporting indicators, but also provided for Tax Code, article 126. The chief accountant will also be given a sense of the level of responsibility in accordance with the Administrative Code, article 15.6.
Abandonment order
Due to the fact that there is no single template to fill out in the governing documents and albums, enterprises usually use their own accompanying document forms. As a rule, the note contains several sections, each of which reveals certain production figures and determines the results of activities for the reporting period. The paragraphs of the explanations are again developed taking into account the practice of referring to this reporting form.
The standard structure of an explanatory note is as follows:
- General information. It discloses the legal information of the object of control, the status of the company, types of activities in accordance with. If this does not contradict the corporate Code, the number of employees in the state may be indicated;
- An excerpt from the accounting policy regarding the display and collection of indicators for reporting;
- Analysis of the numerical parameters of the balance sheet, analysis of the dynamics of the main indicators of the income statement. This lists at least five major suppliers and five customers;
- Organization plans for the future, for example;
- Significant events since the last report;
- received loans, financial aid, participation in government programs;
- Conclusion.
Forms
Since there is no single form for compiling a note, it is preferable to fix its form in an appendix to the accounting policy. This eliminates the possibility of unreasonable changes in sections of the report when changing officials, leaving on vacation. The manager must also understand that it will not be possible to easily add or remove some sections; you will have to fix your decision in writing.
The PZ form can be downloaded for free.
Explanatory note of financial statements (sample filling)
The principles of financial reporting along with the PP are described in this video:
Reporting period
Most often it is a year. For verification purposes, a slice of indicators can be requested for a shorter period. In any case, accountants should not despair, since information in the early period will later become the basis for compiling a final note.
Who and where provided
An explanatory note, as an integral appendix to the balance sheet, income and expense budget or cash flow statement, is formed by the accounting department or a responsible employee of the financial department. It all depends on the status of the requested enterprise.
For example, the accounting department can make an application for the tax, and - for the presentation higher authority. In any case, the actions of specialists must be coordinated. Differences in information may be formal, but must be taken from official credentials.
Provision procedure
Together with reporting forms in paper form or a scanned copy by means of communication.
Audit of the WWC
Analysis of the note reveals the following:
- Completeness of information;
- Are key indicators (profit, taxes, deviations from the norm) deciphered?
- Whether shown, including disposal;
- Does the company hide the possible;
- Degree of competence in conducting internal analysis;
- Is the company growing in the future?
For analysis, the controlling body can use financial formulas to calculate the parameters of interest or indicate the need for such calculations in the content of the explanatory note.
An explanatory note can be created in 1C: Consolidation 8, which the video below will tell about:
Any enterprise reporting will be clearer for information users if there are explanations. An explanatory note to the balance sheet and the income statement is provided for the financial and accounting statements. Let's consider a sample of filling out explanations for the balance sheet.
Explanations drawn up for financial and accounting statements are designed to:
- describe in detail the meaning of reporting indicators;
- link the content of the reports with each other;
- reflect the current accounting policy of the enterprise;
- justify the financial result.
This is an important document, based on which you can conduct a deep analysis of the economic activities of the organization.
All organizations that maintain full accounting records should draw up an explanatory note. The exception is small businesses that are allowed a simplified accounting procedure and are not subject to mandatory audit.
The mandatory form of submission is not established by law; it can be drawn up using tables and text. There is only the form recommended by the Ministry of Finance.
Deadlines and procedure for submitting an explanatory note
The preparation of an explanatory note is carried out within the same time frame as the accompanying financial statements. The submission procedure also coincides with the procedure, deadline and addressees for the submission of annual or interim accounting and financial statements.
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Contents of the explanatory note to the balance sheet
In the process of compiling explanations, it is necessary to disclose the indicators shown in the reports in summary:
- cost of fixed assets;
- value of intangible assets;
- inventory value;
- accounts payable;
- receivables;
- structure and size of financial investments.
It should also be taken into account that the content of not only balance sheet items is disclosed, but also other forms of reporting, especially for the Statement of Financial Results.
Almost always, if an enterprise suffers a loss at the end of the reporting period, the tax authority requires it to be substantiated and confirm the correctness of accounting for income and expenses. In this situation, the totality of indicators of the balance sheet, cash flow statement, statement of changes in capital, can confirm the correctness of the calculation of taxes.
If the company changed the accounting policy, then it is necessary to reflect this in the text and explain the essential conditions of the accounting policy.
The explanatory note also discloses the composition of affiliated persons.
Sample explanatory note to the balance sheet
Example 1. How can I start an explanatory note
Example 2. How to explain individual balance sheet items
In the explanatory note, we give, for example, such tables, with an explanation of which indicator is indicated in the corresponding line of the balance sheet.
Example 3. How to explain the Statement of Financial Performance
With careful and systematic maintenance of registers tax accounting, it will not be difficult for an accountant to enter accounting results in a simple table. In this case, the cost structure of the enterprise is clearly visible.
This method of explanation is also convenient for further preparation of the Report for founders. The visibility of expense items allows the owner to make adequate decisions and evaluate the profitability of business lines.
If an enterprise receives income from several types of activities, it is also advisable to break down the gross income received into separate items:
Thus, a well-written explanatory note solves the following questions:
- reduces the number of requests for explanations received by the organization from the tax authorities;
- reduces the likelihood of on-site inspections;
- gives users reporting the most accurate picture of the economic life of the organization;
- serves as a basis for deep analytics of business processes;
- helps owners to correctly assess the situation and develop profitable areas.
Source: Clerk.ru
An explanatory note to the annual statements, together with the organization's balance sheet, must be submitted as part of the financial statements within 90 days after the end of 2013. .
The date of presentation of financial statements for an organization is the day of its postal dispatch or the day of its actual transfer to its affiliation.
If the date of submission of financial statements falls on a non-working (day off) day, then the deadline for submission of financial statements is the first following business day (paragraph 47 of PBU 4/99).
For micro-enterprises and small enterprises, it is given, where the balances and turnovers are considered in detail, for which accounts the Balance Sheet and the Statement of Financial Results for Small Business Entities are compiled (KND Form 0710098).
Based on the Law No. 402-FZ "On Accounting", Order of the Ministry of Finance No. 66n, and the provisions of the existing RAS, it is shown
An example of filling out an EXPLANATORY NOTE to the annual accounts for 2013 with comments and explanations
The article will help to draw up a balance sheet, the balances and turnovers are considered in detail, for which accounts the Balance Sheet and the Statement of Financial Results for Small Business Entities are compiled (KND Form 0710096). Download forms of balance sheet and income statement. Simplified accounting for small businesses. Download the program Taxpayer version 4.46.
Note: Filling in the forms of accounting (financial) statements by small businesses and NPOs according to new form KND 0710096
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ADDITIONAL RELATED LINKS |
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Starting from the reporting for 2011, organizations prepare reports in accordance with the forms approved by the Order of the Ministry of Finance No. 66n dated 02.07.2010. The balance sheet should characterize the financial position of the organization as of reporting date. -
An example of compiling a report on financial results for an organization for 2013 with comments and explanations is shown. -
Starting from the financial statements of 2011, the accounting regulation “Statement of Cash Flows” (PBU 23/2011) is applied, which was introduced in order to bring Russian accounting standards closer to international standards.