Analytical accounting for account 58. Accounting for financial investments
Account 58 of accounting is an active account "Financial investments". On synthetic account 58, the organization's investments are recorded. By using typical postings and practical examples, we will study the specifics of using account 58 and the features of reflecting accounting transactions financial investments.
Debit turnover on account 58 "Financial investments" arises when the organization invests its free assets:
- V authorized capital or securities;
- Debt securities, promissory notes, bonds;
- Provides a loan not to an employee of an organization or a legal entity, etc.
Credit turnover on account 58 "Financial investments" arises in the following cases:
- Sales valuable papers or shares in the authorized capital;
- Leaving society;
- Gratuitous transfer;
- Transfer of securities in the form of a contribution to the authorized capital of other organizations;
- Redemption (redemption) of securities;
- Return loans.
The diagram shows the sub-accounts opened to the account by type of financial investment:
Analytical accounting for account 58 "Financial investments" must provide the disclosure of certain information, which is presented in the diagram:
Examples of accounting for financial investments on account 58 with postings
Example 1
Consider an example of paying for a share in the authorized capital by transferring an object of fixed assets that was in operation. If the market price is determined including VAT.
The table shows the initial data of the example:
Dt | CT | Sum,
rub. |
Description of wiring | Document |
58-1 | 76 | 569000 | The cost of a financial investment, including VAT | LLC establishment agreement, |
02 | 01 | 73810 | Accrued depreciation on equipment has been written off | Certificate of acceptance and transfer of OS |
76 | 01 | 597190 | The residual value of the equipment was written off (671,000-73,810) | Certificate of acceptance and transfer of OS |
19 | 68 | 107512 | The recovered VAT amount is indicated in a separate line in the Certificate of Acceptance and Transfer of Fixed Assets; When transferring property to the authorized capital of the Tax Code of the Russian Federation, it does not provide for the obligation to draw up an invoice by the transferring party for the amount of the restored VAT |
|
76 | 19 | 107512 | The amount of the restored VAT is attributed to the calculations for the transfer of property, since the market price is determined including VAT | Accounting reference calculation |
91 | 76 | 135702 | Other expense recognized as the difference between residual value Fixed asset + recovered VAT and fixed asset value established by an independent appraiser (671000-73810+107512)-569000=135 702 |
Accounting reference calculation |
Example 2
Consider an example of paying for a share in the authorized capital by transferring a previously used fixed asset. If the market price is determined without VAT.
Suppose the organization is the only founder of the LLC paid for its share in the authorized capital of the LLC with equipment that was in operation. The market price of the equipment was carried out by an independent appraiser and approved by the members of the LLC.
The table shows data for an example:
The following postings were generated for account 58:
Dt | CT | Sum,
rub. |
Description of wiring | Document |
58-1 | 76 | 482204 | The cost of the financial investment is determined by an independent appraiser, excluding VAT | LLC establishment agreement, The decision of the participants on the assessment of the non-monetary contribution, Certificate of state registration of LLC |
02 | 01 | 73810 | Accrued depreciation written off | Certificate of acceptance and transfer of OS |
76 | 01 | 597190 | The residual value of the equipment was written off (671000-73810) | Certificate of acceptance and transfer |
19 | 68 | 107512 | VAT restored in proportion to the residual value of the equipment ((671000-73810) * 18%) | Accounting reference calculation; The recovered VAT amount is indicated in a separate line in the Certificate of Acceptance and Transfer of Fixed Assets When transferring property to the authorized capital, the Tax Code of the Russian Federation does not provide for the obligation to draw up an invoice by the transferring party for the amount of the restored VAT. |
58 | 19 | 107512 | The recovered VAT is attributed to the increase in the initial cost of the financial investment, since market price determined excluding VAT | Accounting reference calculation |
91 | 76 | 114986 | Recognized other expense in the form of the difference between the residual value of fixed assets and the cost of fixed assets established by an independent appraiser (671000-73810)-482204=114986 |
Accounting reference calculation |
Example 3
Consider the transactions on account 58 when selling shares.
Suppose the organization has an investment in the registered uncertified shares of the bank "Adrenaline" in the amount of 2,200,000 rubles on account 58-1. in the amount of 600,000 pieces with a par value of 1 ruble. The organization sold these shares for the amount of RUB 3,100,000.
In the accounting of the organization, the following entries on account 58 should be reflected when selling shares.
Financial investments"
58.1 - "Shares and Shares";
58.2 - "Debt securities";
58.3 - "Granted loans";
58.4 - "Contributions under a simple partnership agreement", etc.
PAY - the share of the capital of the company, which gives the right to participate in general meetings shareholders, to receive a dividend and part of the company's property during its liquidation. The item is expressed in a certain document - a certificate to which coupons for receiving dividends are attached.
SHARES - securities issued by a joint stock company, the holders of which are provided with all property and personal rights associated with the possession of a share: a) the right to receive dividends, depending on the size of the corporation's profits; b) the right to participate in the management of the corporation by voting at meetings; c) the right to receive part of the property after the liquidation of the corporation. The rights are exercised in proportion to the size of the shares.
D 58 K 51 - the occurrence of an object of financial investments is reflected (when transferring or paying for this object from a current account);
D 58 K 76 - the occurrence of debts to counterparties is reflected (if payment for financial investment objects is made later than obtaining ownership of them, for example, in the case of securities).
D 91 K 58- reflected the negative difference between the purchase and the par value (or between the par and the purchase value) of the acquired debt securities.
On account 58, investments are accounted for by actual cost(in the amount of the costs incurred for their purchase).
Financial investments are the second in terms of liquidity after Money at the cash desk and on current accounts.
Account 59 "Provisions for the depreciation of financial investments" is intended to summarize information on the availability and movement of reserves for the depreciation of financial investments of the organization.
The reserve is formed at the expense of financial results (as part of operating expenses), which is reflected accounting record on the debit of account 91 "Other income and expenses" and the credit of account 59 "Provisions for depreciation of financial investments". A similar entry is made with an increase in reserves in the event of a further decrease in the estimated value of financial investments.
The reserve is reduced (used) in the following cases: if the estimated value of the relevant assets in reporting period increased if their value no longer undergoes a sustained significant decrease, as well as upon disposal of these assets. In this case, an entry is made on the debit of account 59 "Provisions for depreciation of financial investments" in correspondence with the credit of account 91 "Other income and expenses".
Financial investments for which an allowance for impairment losses has been created are reflected in the financial statements at carrying amount less the amount of the provision. V balance sheet- net, when reflected in the asset, the difference between 58 and 59 accounts is reflected. Those. there is no account balance 59 in the liability!
Reserve for impairment of financial investments "(passive, contractual to account 58).
If we have a large number of shares of one company, and its shares have dropped sharply in price, we cannot reflect these changes on account 58, because this will distort the financial statements.
The allowance for impairment of financial investments is created by the following entry:
D 91.2 K 59
D 59 K 91.2 - the amount of the reserve has been restored
As soon as financial investments are disposed, the corresponding amounts of the reserve are written off to other income of the enterprise (91.1).
The normative regulation of the accounting of bills is made by the “Regulations on promissory notes and bills of exchange” dated August 7, 1937.
When purchasing promissory notes, they are accounted for at the actual cost on account 58, the disposal is reflected through account 91.
D 60 K 91- we pay with a bill of exchange with the supplier.
If we purchased a promissory note with a face value of 1000 rubles, and with a discount it actually passed to us for 900 rubles, then we will reflect in the accounting the purchase price - 900 rubles.
Upon disposal of this bill of exchange, we will make the postings:
D 60, 76 K 91.1 1000
D91.2 K 58 900
A credit balance of 100 rubles is formed, and income tax is paid from them.
If we provide a loan, then we do the wiring:
D 58 K 51
If our main activity is the purchase and sale of financial investments, then income and expenses are charged to account 90, otherwise - to account 91.
When transferring shares, bills, i.e. their disposal and implementation, the wiring is done:
D 90.1, 91.2 K 58
Do not wiring: D 60 K 58
D 76 K 91.1- interest accrued on loans is reflected;
If a loan is provided to an employee, then interest will be accrued to account 73.
D 73 K 91.1
If dividends were accrued to us on the objects of any financial investments, then we will reflect their receipt by posting:
D 51 K 91.1
58.4 - "Contributions under a simple partnership agreement"(joint activity of enterprises, which is carried out in the accounting records of one of the enterprises);
When depositing assets, account 58 is used.
Under a simple partnership agreement, funds were deposited from the current account:
D 58 K 51
Under the simple partnership agreement, the following materials have been introduced:
D 58 K 10
And if we bring them in at a higher price, then the transfer of materials will have to be reflected like this.
58 "Financial investments" is used by legal entities to display information about the organization's invested funds in securities (stocks, bonds, etc.), shares in the authorized capital of other companies (including interdependent ones), as well as summarize information about loans provided.
Account 58 in accounting is a collection account reflecting data on the assets of the enterprise invested in securities (public and private), the authorized capital of other companies, the provision of loans to individuals and legal entities (with the exception of the company's employees).
Sub-accounts are additionally opened to account 58:
58.1 - information on the purchased shares of JSC, shares in the authorized capital of other companies is summarized
58.2 - displays information about investments in government or private debt securities (bonds, etc.);
Sc. 58 - active. The debit displays financial investments in securities in correspondence with the corresponding accounting accounts of values transferred to the investment account (for example, money from account 50,51,52). Repayment or sale is carried out in accounting according to Kt58 in correspondence with account. 91 (90).
Investments in securities, the current value of which is determined, are subject to monthly or quarterly revaluation to include assets in the annual financial statements. The amount of the adjustment is charged to the financial results of the company (91.01, 91.02)
For debt securities that are not traded on the market, the difference between the original price and the nominal price is referred to the financial results of the organization's activities evenly during the period of their circulation and income.
58.3 - settlements are displayed for the submitted legal and individuals borrowed amounts. The exception is loans issued to employees of the enterprise.
Dt58 contains information on the loans presented (in case of partial or full repayment, the amount is taken into account in Kt58).
58.4 - information on the presence of a share in the common property of a simple partnership is taken into account.
Analytical monitoring of financial investments is carried out by objects of deposits (counterparties of the company - issuers, organizations, the share in the authorized capital of which belongs to the company and borrowers), as well as separately by type of investment.
Attention!
Investments in related companies are displayed on account 58 separately
Regulatory regulation
Use of account 58 to record information on the investment of funds legal entities in securities, authorized capital of third-party enterprises, the provision of loans is carried out in accordance with the Chart of Accounts (Order of the Ministry of Finance dated October 31, 2000 No. 94), PBU 19/02 and other legislative documents.
Common business transactions, accounting entries
- Display of completed financial investments
Дт58.01,58.02 Кт50 - in cash;
Дт58.01,58.02 Кт51 - through the current account
Дт58.01,58.02 Кт52 - through a foreign currency account
Дт58.01,58.02 Кт76 - purchase of shares and bonds from different creditors
- Providing borrowed money(excluding employees of the enterprise)
- Gratuitous receipt of shares and bonds
- Repayment of loans provided
- Disposal of shares, bonds
Dt90.02 Kt58.01,58.02 - for those organizations whose main activity is the sale of securities
Dt91.02 Kt58.01,58.02 - for other companies
- Cost adjustment
Dt58 Kt91 - revaluation, increase in book value
Dt91.02 Kt58 - markdown, decrease in carrying amount
Victor Stepanov, 2017-03-17
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Related References
Sub-accounts can be opened to account 58 "Financial investments":
58-1 "Shares and Shares";
58-2 "Debt securities";
58-3 "Loans granted";
58-4 "Contributions under a simple partnership agreement", etc.
Subaccount 58-1 "Shares and Shares" takes into account the presence and movement of investments in shares joint stock companies, authorized (pooled) capitals of other organizations, etc.
Subaccount 58-2 "Debt securities" takes into account the presence and movement of investments in public and private debt securities (bonds, etc.).
Financial investments made by the organization are reflected in the debit of account 58 "Financial investments" and the credit of the accounts, which take into account the values to be transferred towards these investments.
For example, the purchase by an organization of securities of other organizations for a fee is carried out on the debit of account 58 "Financial investments" and the credit of account 51 "Current accounts" or 52 "Currency accounts".
For debt securities for which the current market value is not determined, the organization is allowed the difference between initial cost and the nominal value during the period of their circulation evenly, in proportion to the income due on them in accordance with the terms of the release of income, shall be attributed to financial results commercial organization or a decrease or increase in the expenses of a non-profit organization.
Subaccount 58-3 "Loans granted" takes into account the movement of cash and other loans provided by the organization to legal entities and individuals (except for employees of the organization). The loans provided by the organization to legal entities and individuals (except for the employees of the organization), secured by bills of exchange, are accounted for on this sub-account separately.
On subaccount 58-4 "Deposits under a simple partnership agreement", the partner organization takes into account the presence and movement of deposits in common property under a simple partnership agreement.
Analytical accounting for account 58 "Financial investments" is carried out by types of financial investments and objects in which these investments were made (organizations selling securities; other organizations in which the organization is a member; organizations borrowing, etc.). The construction of analytical accounting should provide the ability to obtain data on short-term and long-term assets. At the same time, accounting for financial investments within a group of interconnected organizations, about whose activities a consolidated financial statements, is kept on account 58 "Financial investments" separately.
Account 58 "Financial investments" corresponds with accounts:
Account 58 "Financial investments"
Account 58 "Financial Investments" is intended to summarize information on the availability and movement of the organization's investments in government securities, shares, bonds and other securities of other organizations, authorized (joint) capitals of other organizations, as well as loans granted to other organizations.
Sub-accounts can be opened to account 58 "Financial investments":
- 58.1 "Shares and Shares"- the presence and movement of investments in shares of joint-stock companies, authorized (joint-stock) capitals of other organizations, etc. are taken into account.
- 58.2 "Debt securities"- the presence and movement of investments in public and private debt securities (bonds, etc.) are taken into account.
Financial investments made by the organization are reflected in the debit of account 58 "Financial investments" and the credit of the accounts, which take into account the values to be transferred towards these investments. For example, the purchase by an organization of securities of other organizations for a fee is carried out on the debit of account 58 "Financial investments" and the credit of account 51 "Current accounts" or 52 "Currency accounts".
For debt securities, for which the current market value is not determined, the organization is allowed the difference between the initial value and the par value during the period of their circulation evenly, as far as the income due on them in accordance with the terms of the issue of income, is attributed to the financial results of a commercial organization or a decrease or an increase in the costs of a non-profit organization.
When writing off the amount of excess of the purchase value of bonds and other debt securities purchased by the organization over their par value, entries are made on the debit of the account (for the amount of income due to receive on securities) and credit of accounts 58 "Financial investments" (for part of the difference between the purchased and the nominal cost) and 91 "Other income and expenses" (for the difference between the amounts attributed to accounts 76 "Settlements with by different debtors and creditors "and 58" Financial investments ").
When additional accrual of the amount of excess of the par value of bonds and other debt securities purchased by the organization over their purchase value, entries are made on the debit of accounts 76 "Settlements with various debtors and creditors" (for the amount of income due to receive on securities) and 58 "Financial investments" ( for part of the difference between the purchase and par value) and the credit of account 91 "Other income and expenses" (for total amount, attributed to accounts 76 "Settlements with various debtors and creditors" and 58 "Financial investments").
Redemption (redemption) and sale of securities recorded on account 58 "Financial investments" are reflected in the debit of account 91 "Other income and expenses" and credit of account 58 "Financial investments" (except for organizations that reflect these operations on account 90 "Sales "). - 58.3 "Granted loans"- the movement of cash and other loans provided by the organization to legal entities and individuals (except for employees of the organization) is taken into account.
The loans provided by the organization to legal entities and individuals (except for the employees of the organization), secured by promissory notes, are accounted for on this sub-account separately.
The loans granted are reflected in the debit of account 58 "Financial investments" in correspondence with account 51 "Settlement accounts" or other relevant accounts. Loan repayment is reflected in the debit of account 51 "Current accounts" or other relevant accounts and the credit of account 58 "Financial investments". - 58.4 "Contributions under a simple partnership agreement"- the partner organization takes into account the presence and movement of contributions to common property under a simple partnership agreement.
The provision of a deposit is reflected in the debit of account 58 "Financial investments" in correspondence with account 51 "Settlement accounts" and other relevant accounts for accounting for the allocated property.
Upon termination of the simple partnership agreement, the return of property is reflected in the credit of account 58 "Financial investments" in correspondence with property accounts. - and etc.
Analytical accounting on account 58 "Financial investments" is kept by types of financial investments and objects in which these investments were made (organizations - sellers of securities; other organizations in which the organization is a member; organizations-borrowers, etc.). The construction of analytical accounting should provide the ability to obtain data on short-term and long-term assets. At the same time, accounting of financial investments within a group of interrelated organizations, about whose activities consolidated financial statements are drawn up, is kept on account 58 "Financial investments" separately.
Account 58 "Financial investments" corresponds with the following accounts of the Plan:
by debit
- 50 "Cashier"
- 51 "Settlement accounts"
- 52 "Currency accounts"
- 75 "Settlements with founders"
- 76 "Settlements with different debtors and creditors"
- 80 "Authorized capital"
- 91 "Other income and expenses"
- 98 "Deferred income"
on a loan
- 51 "Settlement accounts"
- 52 "Currency accounts"
- 76 "Settlements with different debtors and creditors"
- 80 "Authorized capital"
- 90 "Sales"
- 91 "Other income and expenses"
- 99 "Profit and loss"
Subaccount 58-3 "Loans granted" takes into account the movement of cash and other loans provided by the organization to legal entities and individuals (except for employees of the organization). The loans granted, secured by promissory notes, are accounted for separately in this subaccount.
For lenders, the loans issued are financial investments. The relationship under the loan agreements is governed by paragraph 1 of chapter 42 Civil Code and PBU 15/2008 "Accounting for costs of loans and credits".
The costs associated with the loans and credits received are:
̵ interest payable to the lender (creditor);
̵ amounts paid for information and consulting services;
̵ the amounts paid for the examination of the loan agreement ( loan agreement);
̵ other expenses directly related to obtaining loans (credits).
Borrowing expenses are reflected in accounting on a monthly basis separately from the principal amount of the obligation as part of other expenses, except for the part that is to be included in the cost investment asset(account 08 "Investments in non-current assets").
Accounting with the lender
58.3 / 51 - provided a loan in cash;
58.3 / 90.1 - loan provided by goods;
58.3 / 91.1 - a loan provided by other property;
90.3,91.3 / 68 - VAT charged;
D 008 - guarantees or pledge received as security for the loan agreement;
76.3 / 91.1 - accrued interest for the use of the loan;
51 / 58.3 - repaid a loan issued in cash;
10.41 / 60 - materials and goods issued under a loan agreement were capitalized from the borrower;
19/60 - VAT capitalized;
60 / 58.3 - liabilities are offset (loan closure);
51 / 76.3 - payment of interest for the use of borrowed funds;
By 008 - the return of the previously received guarantee or pledge under the loan agreement.
Borrower accounting
51 / 66.67 - received a loan in cash;
10.41 / 60 - materials and goods received under a loan agreement were capitalized from the lender;
19/60 - VAT capitalized;
60 / 66.67 - the novation of the obligation is reflected (a loan has been issued);
91.2 / 66.67 - accrued interest for the use of the loan;
66.67 / 51 - interest paid for using the loan;
Д 009 - guarantees or pledge were issued to secure the loan agreement;
66.67 / 51 - return of a loan received in cash;
62 / 90.1 - return of goods received under a loan agreement;
62 / 91.1 - return of materials received under a loan agreement;
90.3,91.3 / 68 - VAT charged;
90.2 / 41 - the cost of goods has been written off;
91.2 / 10 - the cost of materials was written off;
66.67 / 62 - offset, closure of the loan agreement;
By 009 - the return of a previously issued guarantee or pledge under a loan agreement.
Accounting for interest on funds raised to create an investment asset
The cost of an investment asset includes interest payable to the lender directly related to the creation of the investment asset. Investment assets include construction in progress that will be accepted for accounting the borrower and (or) the customer (investor, buyer) as fixed assets (including land), intangible assets or other non-current assets.
Conditions for including interest in the cost of an investment asset:
̵ the costs of creating an investment asset and related borrowing costs are subject to recognition in accounting;
̵ work has begun on the creation of an investment asset.
Interest payable to the lender related to the creation of an investment asset is reduced by the amount of income from the temporary use of funds received from loans as long-term and (or) short-term financial investments.
If the creation of an investment asset is suspended for a period of more than three months, interest payable to the lender ceases to be included in the value of the investment asset from the first day of the month following the month of suspension of the acquisition, construction and (or) manufacture of such an asset.
During the specified period, interest payable to the lender is included in other expenses of the organization.
When the creation of an investment asset is resumed, interest payable to the lender is included in the value of the investment asset from the first day of the month following the month of the resumption of the acquisition, construction and (or) manufacture of such an asset.
The period during which additional coordination of technical and (or) organizational issues arising in the process of its creation is not considered a period of suspension of the creation of an investment asset.
The interest payable to the lender ceases to be included in the value of the investment asset from the first day of the month following the month when the investment asset ceased to be created, or when it began to operate, incl. partial.
91.2 / 66.67 - interest was charged for the use of borrowed funds not related to the creation of an investment asset;
08 / 66.67 - accrued interest for the use of borrowed funds related to the creation of an investment asset;
Characteristics of the account 58
Account 58 in accounting is represented by lines of the balance sheet 1170 and 1240 "Financial investments" and reflects the performance of various actions with a change in the size of the contribution of the controlled company to securities (hereinafter - c / b), shares and bonds of other enterprises, fixed capital of organizations, the cost of loans issued to other entities.
Analytical accounting for this account is built in such a way as to provide access to information on short-term and long-term deposits. If investments are accounted for within several interconnected companies, the functioning of which is kept in consolidated financial statements, then postings to account 58 are made separately.
Deposits in interest-bearing bonds and other types of securities, as well as loans issued to other organizations, are displayed on account 58 if their maturity period is no more than 1 year. Investments in securities for which there is no the deadline buybacks are also displayed on account 58, provided that these deposits are made without the purpose of generating income on them for more than 1 year.
The actual expenses for the purchase of assets as financial investments are considered:
- funds that are paid in accordance with the agreement to the seller;
- funds that are paid by enterprises for information and consulting services related to the intention to make financial investments;
- commission that is paid to an intermediary in the implementation of a transaction for the acquisition of assets as investments, etc.
Is account 58 active or passive?
The answer to the question, active or passive account 58, is unambiguous. Financial investments are the assets of the company. To include an investment in an asset line, an entity must meet the following criteria:
- Transactions with documentation confirming the right to invest assets and receive income from them in the form of cash must be executed in accordance with all requirements.
- The enterprise must be prepared to accept some risks.
- The company must be able to generate economic benefits.
Thus, investments reflect the participation of a particular organization in financial transactions another business entity economic activity... Before including investments in the balance sheet, they must be reflected on account 58.
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Legislative basis of the line of the balance sheet "Financial investments"
All financial actions performed by the organization are regulated by the relevant legislative acts states on accounting. The balance line "Financial investments" is regulated by the following regulatory documents:
- Regulation on accounting audit PBU 19/02 on the basis of the order of the Ministry of Finance of the Russian Federation dated December 10, 2002 No. 126 (amended in 2010);
- Law "On Accounting" dated 06.12.2011 No. 402-FZ;
- Civil Code of the Russian Federation;
- Tax Code of the Russian Federation.
In order to carry out financial investments in full and on legal basis, the enterprise must meet all the standard requirements established for legislative level... The legal regulation of this topic includes several stages. The highest are the decrees of the President of Russia, and the lowest are the documents of the organization itself, according to the sectoral direction and the amount of economic benefit received.
Examples of transactions for account 58
When reflecting investment transactions on account 58, it is necessary to take into account all production factors and conditions of the organization's industry, as well as the cost of securities in fact and at face value.
You can carry out transactions when buying shares as follows:
- Dt 58-1 Kt 76 (purchase of c / b);
- Dt 91-2 Kt 76 (accounting for the amount of commission in other costs);
- Dt 76 Kt 51 (accounting for the value of shares, including the commission of the intermediary).
When revaluating securities, it is necessary to take the following action: Дт 51-1 Кт 91-1 (bringing the value of shares in accordance with their market value).
The sale of securities is formalized as follows:
- Дт 58-1 Кт 76 (share price in rubles in accordance with the contract);
- Dt 91 Kt 58-1 (writing off the cost of securities on the balance sheet);
- Dt 62 Kt 91 (contractual value of shares);
- Dt 91 Kt 99 (profit from sales is reflected).
Account sub-accounts 58
To account 58 - Financial investments - opening of several subaccounts is provided:
- 58-1 "Shares and Shares". Here, accounting is kept of the presence and movement of deposits in securities of joint-stock companies, authorized (joint) capital of third-party enterprises, etc.
- 58-2 "Debt securities". Includes keeping records of investments in securities of the state and private companies (for example, bonds).
- 58-3 "Loans Granted". It takes into account the movement of various types of loans issued by the enterprise to legal entities and citizens (except for its employees). If an organization has issued loans to these categories of persons that are secured by promissory notes, separate accounting is kept for them. The issuance of a loan is displayed on the debit of account 58 in correspondence with account 51 "Settlement accounts" or other suitable accounts. When the loan is returned, it is necessary to post the following: Dt 51 Kt 58.
- 58-4 "Contributions under a simple partnership agreement", etc. Here, investments in common property under a simple partnership agreement are taken into account.
The implementation of the contribution is displayed on the debit of account 58 in correspondence with account 51 and other accounts for accounting for the allocated property. Upon termination of the simple partnership agreement, the return of property is carried out on the credit of account 58 in correspondence with the property accounting accounts.
***
The characteristic of account 58 reflects its position in the balance sheet of the enterprise and the types business transactions, which are carried out with its help. Financial investments reflected in lines 1170 and 1250. They correspond to the considered account, which is an active synthetic. According to current legislation long-term and short-term financial investments should be accounted for separately. To this account several sub-accounts can be opened.
The main entries on account 58 in accounting are the acquisition, revaluation and sale by the enterprise of securities of other organizations, the state, and the provision of loans. In order to fully carry out operations with investments, the company must fully comply with the requirements of the current legislation.
Account 58 "Financial Investments" is intended to summarize information on the availability and movement of the organization's investments in government securities, shares, bonds and other securities of other organizations, authorized (share) capitals of other organizations, as well as loans granted to other organizations.
Sub-accounts can be opened to account 58 "Financial investments":
- 58.1 "Shares and Shares"- the presence and movement of investments in shares of joint-stock companies, authorized (joint-stock) capitals of other organizations, etc. are taken into account.
- 58.2 "Debt securities"- the presence and movement of investments in public and private debt securities (bonds, etc.) are taken into account.
Financial investments made by the organization are reflected in the debit of account 58 "Financial investments" and the credit of the accounts on which the values to be transferred towards these investments are taken into account. For example, the purchase by an organization of securities of other organizations for a fee is posted on the debit of account 58 "Financial investments" and the credit of the account "Current accounts" or "Currency accounts".
For debt securities, for which the current market value is not determined, the organization is allowed the difference between the initial value and the par value during the period of their circulation evenly, as far as the income due on them in accordance with the terms of the issue of income, is attributed to the financial results of a commercial organization or a decrease or an increase in the costs of a non-profit organization.
When writing off the amount of excess of the purchase value of bonds and other debt securities purchased by the organization over their par value, entries are made in the debit of the account "Settlements with various debtors and creditors" (for the amount of income due to receive on securities) and the credit of accounts 58 "Financial investments" (for part of the difference between the purchase and par value) and "Other income and expenses" (for the difference between the amounts charged to accounts "Settlements with different debtors and creditors" and "Financial investments").
When additional accrual of the amount of excess of the par value of bonds and other debt securities acquired by the organization over their purchase value, entries are made in the debit of accounts "Settlements with various debtors and creditors" (for the amount of income due to receive on securities) and 58 "Financial investments" (for part of the difference between the purchase and nominal value) and the credit of the account "Other income and expenses" (for the total amount attributed to the accounts "Settlements with various debtors and creditors" and 58 "Financial investments").
Redemption (redemption) and sale of securities accounted for on account 58 "Financial investments" are reflected in the debit of the account "Other income and expenses" and credit of account 58 "Financial investments" (except for organizations that reflect these operations on the Sales account) ... - 58.3 "Granted loans"- the movement of cash and other loans provided by the organization to legal entities and individuals (except for employees of the organization) is taken into account. The loans provided by the organization to legal entities and individuals (except for the employees of the organization), secured by bills of exchange, are accounted for on this sub-account separately.
The loans granted are reflected in the debit of account 58 "Financial investments" in correspondence with the account "Settlement accounts" or other relevant accounts. Loan repayment is reflected in the debit of the "Current accounts" account or other relevant accounts and the credit of account 58 "Financial investments". - 58.4 "Contributions under a simple partnership agreement"- the partner organization takes into account the presence and movement of contributions to common property under a simple partnership agreement.
The provision of a deposit is reflected in the debit of account 58 "Financial investments" in correspondence with the account "Settlement accounts" and other relevant accounts for accounting for the allocated property.
Upon termination of a simple partnership agreement, the return of property is reflected in the credit of account 58 "Financial investments" in correspondence with property accounts. - and etc.
Analytical accounting on account 58 "Financial investments" is kept by types of financial investments and objects in which these investments were made (organizations - sellers of securities; other organizations in which the organization is a member; organizations-borrowers, etc.). The construction of analytical accounting should provide the ability to obtain data on short-term and long-term assets. At the same time, accounting of financial investments within a group of interrelated organizations, on the activities of which consolidated financial statements are drawn up, is kept on account 58 "Financial investments" separately.