On the release of a new industry solution "1c: accounting and management for professional participants in the securities market corp." Accounting for securities: postings, errors, examples How to reflect the sale of securities in 1c
Accounting for transactions with securities, financial investments and financial obligations has a number of features that must be taken into account in the automation system. JSCB Promsvyazbank, which has a branched structure and carries out these operations in large volumes, has solved the problem of automating accounting processes with the introduction of a configuration on the 1C: Enterprise platform. The configuration setting for the specific requirements of the customer was carried out by the "MARKOMP-CONSULTING" company.
The main features of the activities of the Financial Consulting and Investment Support Department of Promsvyazbank are:
- making a large number (more than 80 per day) transactions for the sale and purchase of securities with the execution of relevant agreements. At the same time, the number of traded securities reaches several hundred per month;
- the presence in the accounting of a large number of shares, shares and certificates of deposit, as well as own bills (both discount and interest);
- the need to maintain a book of accounting of securities, a book of accounting of own bills for submission to regulatory authorities;
- the need to issue accounting certificates explaining the procedure for calculating interest on bills of exchange, loans and borrowings.
The automation project, which was implemented by the specialists of the "MARKOMP-CONSULTING" company, began in the III quarter of 2002. At this point, the customer already had a functioning accounting subsystem on the 1C: Enterprise platform, however, due to the significant amount of information, it was decided to develop and implement an additional multifunctional unit for working with securities, consisting of two large sections:
- Financial investments: shares, shares, certificates of deposit, promissory notes.
- Financial liabilities: own bills, loans.
These sections include additionally created reference books, documents, printed forms, reports, accounting statements, document journals. The entries in the documents below are present for both accounting and tax accounting.
Financial investments
The Financial Investments reference book (Fig. 1), in addition to the standard ones, also has the details newly created by the developers, which allow:
- store the amount of the discount;
- take into account the nominal price;
- take into account the start and end date of interest accrual in accounting;
- take into account the start and end date of interest accrual in tax accounting;
- generate contracts in MS Word with the following details: contract number, date of drawing up, date of maturity;
- automatically fill in the document "Disposal of financial investments" the actual date of sale.
Figure: 1. Directory "Financial investments".
In the same reference book, the function of printing the securities accounting book was implemented (see Fig. 1).
During the implementation of the project, the document flow for financial investments was automated, consisting of the following documents (shown together with the relevant transactions and a brief description; the analytics specified in the transactions (except for own bills) is standard for typical configurations):
1. Receipt of financial investments (Fig. 2).
Figure: 2. Document "Receipt of financial investments".
"Receipt of financial investments" is the first element in the chain of documents and is intended for capitalizing financial investments in the accounts of accounting and tax accounting.
When carrying out this document, the transactions indicated in table 1 are formed.
Table 1
2. Disposal of financial investments (Fig. 3).
Figure: 3. Document "Disposal of financial investments".
"Disposal of financial investments" closes the chain of documents and is intended to record the fact of implementation of financial investments in the accounts of accounting and tax accounting.
When carrying out this document, the postings indicated in table 2 are formed
.table 2
Note |
||||
---|---|---|---|---|
91.2 (Sale of securities) |
58.x (Counterparty, Agreement, Security) |
|||
Н07.14 (Securities) |
Receipt amount (face value) |
You can turn off the formation of tax accounting transactions. The shutdown option is intended for users who want to generate transactions with standard documents |
||
76.5 (Counterparty, Agreement, Security) |
91.1 (Sale of securities) |
Sale amount |
||
Н06.11 (Securities) |
Sale amount |
See previous note |
||
76.3 (Counterparty, Security) |
Interest amount |
Reversal of interest. Can be disabled in document form. |
3. Accrual of interest on financial investments (Fig. 4).
Figure: 4. Document "Calculation of interest on financial investments".
This document is intended for the calculation of interest or discount on financial investments in the accounts of accounting and tax accounting. "Accrual of% on financial investments" is the second element in the chain of documents. Two modes of interest calculation are supported: by fin. investments (accounts 58.1, 58.2) and loans granted (account 58.3).
When posting a document, the transactions indicated in Table 3 are generated.
Table 3
Financial liabilities
The Financial Liabilities Handbook was developed for the needs of the customer (Fig. 5).
Figure: 5. Directory "Financial obligations".
In the same reference book, the function of printing out the book of accounting for financial obligations was implemented. The document flow for financial liabilities consists of the following documents (shown together with the corresponding postings):
1. Bank statement.
This is a standard document, so the capabilities of a typical configuration are used.
2. Accrual of interest on financial liabilities (Fig. 6).
Figure: 6. Document "Accrual of interest on financial liabilities".
This document is intended for the accrual of interest on financial liabilities on the accounts of accounting and tax accounting. Four modes of interest calculation are supported:
- short-term loans (account 66.1).
- long-term loans (account 67.1).
- short-term loans (account 66.3).
- long-term loans (account 67.3).
Loans differ from loans only in the source of funds: in the case of a loan, we are talking about a credit institution (bank), in the case of a loan, we are talking about legal entities or individuals that are not credit institutions.
When posting a document, the transactions indicated in Table 4 are generated.
Table 4
As a result, the system implemented on the 1C: Enterprise platform allows for automated accounting of work with bills of exchange, certificates of deposit, shares, issued and received loans, received loans, as well as the generation of contracts in a text editor. Every day more than 200 documents are entered by a dozen users, more than 80 contracts are formed, each of which contains 10-20 securities (bills of exchange, certificates of deposit, shares, shares). The system allows you to form a securities accounting book in accordance with clause 6 of the order of the Ministry of Finance of Russia dated January 15, 1997 No. 2), accounting information on accrued interest, entries in accounting and tax accounting for the receipt, disposal and accrual of interest on securities, etc. and tax accounting, a three-level analytics system has been implemented according to the "Counterparty, contract, securities" scheme.
Based on the results of operating the system, the bank's employees confirm the effectiveness of the decisions taken to automate accounting and tax accounting on the 1C: Enterprise platform.
The new information system harmoniously blended into the general accounting system adopted in the bank's structures and fully meets the high requirements for efficiency and productivity of work.
- stock;
- bill of exchange;
- mortgage;
- investment share of a mutual investment fund;
- bill of lading;
- bond;
The essence and definition of securities can be found in the Civil Code of the Russian Federation, Federal Law No. 39-FZ of 22.04.1996 "On the Securities Market".
Accounting for securities
Accounting for securities is kept on account 58 “Financial investments” (Order of the Ministry of Finance dated October 31, 2000 No. 94n) in accordance with PBU 19/02.
At the same time, analytical accounting on account 58 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, etc.). In addition, in analytical accounting, it is necessary to separate securities into short-term and long-term assets.
It must be borne in mind that the financial investments of the organization do not apply (clause 3 of PBU 19/02):
- own shares purchased by the joint-stock company from shareholders for subsequent resale or cancellation;
- bills issued by the issuing organization to the selling organization in the settlement of goods sold, products, work performed, services rendered.
Consequently, these objects are recorded not on account 58, but on accounts 81 "Own shares (shares)" and on a separate subaccount to account 62 "Settlements with buyers and customers", respectively.
Our consultation will focus on securities, which are financial investments for the organization.
Securities are accepted for accounting at their original cost. The procedure for the initial and subsequent assessment of securities, the specifics of their depreciation, disposal, as well as accounting for income and expenses on them are disclosed in PBU 19/02, and in the accounting aspect - also in the Order of the Ministry of Finance of the Russian Federation dated 31.10.2000 No. 94n.
Securities accounting transactions
Here are typical securities accounting records using the example of shares. Shares are accounted for on a separate sub-account 58-1.
Accounting for shares in accounting (postings):
Operation | Account debit | Account credit |
---|---|---|
Shares purchased | 58-1 | 51 "Settlement accounts" 52 "Currency accounts" 60 "Settlements with suppliers and contractors" 76 "Settlements with different debtors and creditors" |
Accrued dividends on shares | 76 | 91-1 "Other income" |
The increase in the market value of shares at the reporting date is reflected | 58-1 | 91-1 |
Decrease in the market value of shares at the reporting date is reflected | 91-2 "Other expenses" | 58-1 |
A provision has been created (increased) for impairment of securities in relation to shares for which their current market value is not determined | 91-2 | 59 "Provisions for impairment of financial investments" |
Written off (reduced) provision for impairment of securities in relation to shares, for which their current market value is not determined, upon disposal of these shares (increase in their estimated value) | 59 | 91-1 |
Reflected income from the sale of shares | 76 62 "Settlements with buyers and customers" | 91-1 |
The book value of shares was written off when they were sold | 91-2 | 58-1 |
The industry solution "1C: Enterprise 8. Accounting and management for professional participants in the KORP securities market" was developed on the basis of the standard solution "1C: Enterprise 8. Accounting of a non-bank financial organization KORP", revision 3.0, while maintaining the basic functionality, and uses all the advantages of technological platform "1C: Enterprise 8" version 8.3 and interface "Taxi".
The solution "1C: Accounting and Management for Professional Participants of the KORP Securities Market" is designed to automate accounting and tax accounting, including the preparation of regulated reporting, for professional participants in the securities market and non-state pension funds applying:
- Chart of accounts for accounting in accordance with the Draft Regulation of the Bank of Russia "On the chart of accounts for accounting in non-bank financial institutions and the procedure for its application", as well as Draft industry accounting standards of the Bank of Russia;
- Chart of accounts of accounting, corresponding to the Order of the Ministry of Finance of the Russian Federation "On approval of the chart of accounts for accounting of financial and economic activities of organizations and instructions for its application" dated 31.10.2000 No. 94n.
For integration with other information systems, standard mechanisms of the 1C: Enterprise 8.3 platform are used.
Accounting"from document" and typical operations
The main way to reflect business transactions in accounting is to enter program documents that correspond to the primary accounting documents. In addition, you can enter individual transactions directly.
Keeping records of multiple organizations
With the help of the program "1C: Accounting and Management for Professional Participants of the KORP Securities Market", you can keep accounting and tax accounting of the activities of several organizations, and for each of them, the accounting policy parameters are configured independently of other organizations.
"Accounting and Management for Professional Participants of the Securities Market CORP" provides an opportunity to use a common information base for keeping records of several organizations. At the same time, accounting for each organization can be kept in a separate accounting base.
The configuration "Accounting and Management for Professional Participants of the KORP Securities Market" supports accounting and tax accounting of the activities of organizations with separate divisions. To reflect transactions between departments allocated to a separate balance sheet, separate Aviso documents are used.
Accounting for business transactions on the chart of accounts
Synthetic and analytical accounting in the program "1C: Accounting and Management for Professional Participants of the KORP Securities Market" is maintained as on the chart of accounts corresponding to the Order of the Ministry of Finance of the Russian Federation "On Approval of the Chart of Accounts for Accounting of Financial and Economic Activities of Organizations and Instructions for its Application" dated 31.10 .2000 No. 94n, and on the chart of accounts corresponding to the Draft Regulation of the Bank of Russia "On the chart of accounts for accounting in non-bank financial institutions and the procedure for its application" (hereinafter - the Unified chart of accounts).
Unified chart of accounts:
- Two-tiered and highly regulated. The construction of the Unified Chart of Accounts is based on a hierarchical structure, where each subsequent level details the previous one;
- The nomenclature of accounting accounts is classified according to economic content in order to group and generalize information in sections, on accounts of the first and second order, based on uniform accounting rules and principles;
- Analytical accounting is carried out both on personal, analytical, accounting accounts, and on synthetic accounts using the subconto mechanism;
- To conduct analytical accounting on personal accounts, the configuration provides a directory of Analytical Accounting Accounts. For each balance sheet account of the second order, an unlimited number of analytical accounts are opened for the specified combinations of analytics. Analytical accounts can be generated in the configuration according to the specified opening parameters or manually created by the user.
Purchase of securities
In the configuration "Accounting and Management for Professional Participants of the KORP Securities Market", the operations of purchasing securities are automated, reflecting the actual costs incurred in various trading modes on the stock exchange and the OTC market.
The transaction for the purchase of securities was carried out in accordance with the industry standards of the Bank of Russia dated October 1, 2015 No. 494-P "Regulations for the industry standard of accounting for operations with securities in non-bank financial institutions".
Lot records are kept for securities when buying and selling. A batch corresponds to a certain number of securities purchased at the same price in one unit of time. The batch document for securities is the document Securities Transaction. Equity and debt securities are accepted for accounting by this document.
Figure 1. "Deal" document
Upon purchase, equity and debt financial instruments are assigned to one of four valuation categories in accordance with the industry accounting standards of the Bank of Russia, as well as international financial reporting standards IAS 39.
Depending on the appraisal category and type of financial instrument, the basic value of the security is recorded, as well as transaction costs, interest-coupon income, discount / premium.
The selection of the evaluation category in the program is carried out both in the document Contract for a security transaction (T +, over-the-counter transactions with delayed delivery), and in the document Transaction with a security (in T0 mode and over-the-counter transactions, subject to the delivery of the security on the day of conclusion of the contract ).
In case of a deferred delivery on the OTC market or on the exchange in the T + mode, the Transaction contract document takes into account the preliminary costs of purchasing securities. Depending on the category of securities, costs are either included in the price of the security or are expensed.
When purchasing securities, the following financial investment accounting standards were observed:
- Upon purchase, all securities are measured at fair value. The purchase price of any financial instrument is tested for conformity with fair value, taking into account the relevant materiality criteria. Accordingly, the purchase price of the securities can be adjusted for the difference between the fair value of the security and the purchase price.
- The fair value of financial instruments is determined based on the accounting system settings and is determined at fair value levels:
- Level 1 - quoted prices of a financial instrument traded in an active market (observable inputs);
- 2 Level - quoted prices of a financial instrument that is not traded in an active market and quoted prices for similar financial instruments used to measure the fair value of a financial instrument (observable inputs);
- Level 3 - Non-observable inputs for a financial instrument: appraised values, fair value methods (market approach and income approach) using either matrix pricing or discount rate methods and discounted cash flows based on the EIR rate (effective interest rate). ) the fair value of the financial instrument.
The program provides for the accounting of the premium and discount when purchasing, with further consideration of such a premium or discount as interest income or expense. In accordance with industry securities accounting standards, when calculating amortized cost and adjustments to interest income, this discount and premium are accrued and deducted on a linear basis like coupon income and adjusted for interest differences on EIR.
To be able to carry out transactions for the purchase of securities with parallel posting in RAS and OSBU registers, you must enable the Parallel RAS option in the Accounting Settings for professional participants.
Sale (disposal) of previously acquired securities
Operations for the sale of securities in the configuration "Accounting and Management for Professional Participants of the KORP Securities Market" are performed by the document Securities Transaction. Exchange and over-the-counter transactions for the sale of securities are taken into account. For exchange deals, sale operations are possible in the modes T0, T + 1, T + 2. OTC trading modes take into account the options for preliminary delivery of securities, delivery versus payment, when delivery and payment occur on the same day, and the option of prepayment for securities with subsequent execution of delivery of securities.
Upon sale (disposal) of securities, interest income on debt securities is calculated (additionally accrued), and the full financial result of the transaction is also calculated.
The accounting policy chooses one of the methods of accounting for retired securities - FIFO or the average cost of securities.
Upon disposal of a security, the entire component of the cost of the security is taken into account, taking into account revaluation at fair value, adjustments, and interest income accrued to the date of disposal. Upon disposal, the financial result of the transaction is determined taking into account interest income and expenses, as well as taking into account the purchase price and the received consideration upon sale.
The sale also takes into account the nuances of the revaluation of securities available for sale, the revaluation of which is reflected through other comprehensive income, which on sale is closed to income and expense accounts.
The sale also takes into account the amount of the allowance for impairment losses on securities. Upon sale, the securities are also remeasured at fair value and an adjustment is made to the related expense or income at the EIR rate.
Calculation of profit or loss on transactions with securities
The program "Accounting and Management for Professional Participants of the KORP Securities Market" calculates income and expenses from transactions of purchase and sale of securities, reflecting the final financial result from the acquisition of an asset.
When calculating interest income, the values \u200b\u200bof accrued coupons and discounts, as well as premiums, accrued on this financial instrument are taken into account. For securities measured at fair value, the revaluation at fair value is recorded as income. The amount of income on debt securities is also affected by the amortized cost of the debt security and adjustments to interest income and ESP expenses. In addition, the amount of profit or loss is affected by the allowance for impairment losses. All these parameters are recorded in the registers for securities, taking into account the value of securities and the amount of income and expenses from purchased securities.
Accrual of commissions
In the configuration "Accounting and Management for Professional Participants of the KORP Securities Market", the accounting of commissions for securities transactions is automated.
Transaction costs incurred by a non-bank financial institution in the purchase and sale of securities include the following types:
- Exchange;
- Brokerage;
- Depository;
- Clearing;
- Remuneration;
- Other.
The preliminary costs and costs accepted for payment on the delivery date are taken into account.
Options for accounting for expenses on a personal account for recording the cost of a security, or on a personal account for expenses on securities, are selected in Accounting settings for professional participants.
Figure 2. Form "Setting up accounting of a professional participant"
Broker commissions are taken into account. Other commissions that are attributed to the company's expenses for the period, such as depository commissions, are recognized as a document Receipt of goods and servicesgeneral business unit of operations. Transaction costs are included in both the sale and purchase of securities. Also, transaction costs are accounted for under direct and reverse REPO transactions.
REPO transactions
In the configuration "Accounting and Management for Professional Participants of the CORP Securities Market", REPO transactions are automated. REPO transactions are operations of short-term borrowing of funds secured by securities and borrowing securities secured by funds.
The system implements the following types of REPO transactions:
- Direct REPO;
- Reverse REPO.
Revaluation of securities
In the configuration "Accounting and Management for Professional Participants of the KORP Securities Market", operations are automated to reflect the revaluation of securities to their fair value.
Reflection of the revaluation of securities in the system is carried out by a document Revaluation of securities at fair value... Equity and debt securities are involved in the revaluation. Revaluation of securities can be carried out on any date.
A non-bank financial institution is obliged not later than the last day of the month to reflect all securities in accounting at fair value. A non-bank financial institution may establish more frequent revaluation in the entity's standards. Accordingly, to reflect the revaluation of securities for the relevant date, it is necessary to enter in the system the document Revaluation of securities at fair value as of the relevant date.
Figure 3. Document "Revaluation of securities at fair value"
Accrual of personal income tax
Accrued coupon income (hereinafter ACI) is accrued upon purchase and sale of securities.
In the configuration "Accounting and Management for Professional Participants of the KORP Securities Market", the accrual of ACC is automated by the settlement method and from quotations for securities. In the first case, it is necessary to enter the issue prospectus for coupon payments by the financial department of the organization into a special register, in the second option, the data in the documents for the calculation comes from the loaded registers of securities quotations, reflecting the data coming from the exchange.
Revaluation of NCD
The revaluation of the ACI is calculated in accordance with the accrued interest for the period from the date of purchase of the security to the date of reflection of the coupon interest income and the value of the coupon interest rate.
Figure 4. Document "Revaluation of ACI and discount"
Revaluation of discount
In the configuration "Accounting and management for professional participants of the KORP securities market", interest income and expenses on debt securities are taken into account as:
- Interest income as accrued coupon income for the period;
- Interest income as an accrued discount for the period;
- Interest expense as an accrued premium for a period.
The discount is accrued on a straight-line basis and adjustments are made to income on securities in accordance with the amortized cost calculation and the securities accounting method.
Accounting for the accrued discount is kept on a separate personal account "Accrued discount", opened on the corresponding second-order balance accounts with the currency code of the par value of the security in accordance with the program settings.
Coupon redemption
In the configuration "Accounting and Management for Professional Participants of the KORP Securities Market", the operation of redemption of coupons on bonds is automated.
To reflect the redemption of coupons, the document is used Redemption of securities and coupons.
Additionally, the sum of the revalued coupon yield is calculated from the date of the previous accrual, and the entire coupon yield for the period is presented for payment to the issuer on the security.
Payment for redeemed coupons can be received to the current account from the issuer of the security by a document Receipt to the current account, or reflect the payment through a broker or a management company in trust to an investment brokerage account.
When a coupon is redeemed for a security, the value of the security is reduced by the amount of interest paid upon presentation of the coupon by the issuer.
Full and partial redemption of bonds
In the configuration "Accounting and management for professional participants of the KORP securities market", it is possible to record both full and partial redemption of bonds. Full and partial redemption of bonds is reflected in a document Redemption of securities and coupons.
Figure 5. Document "Redemption of securities and coupons"
In case of partial or full redemption of securities, the amounts of the accrued coupon, discount and premium, as well as the value of the security itself, are proportionally taken into account. Amounts for accrued income and expense from partial redemption of a security are credited to income and expense accounts for the corresponding OFR symbol automatically with correctly filled in pre-configuration settings.
When a security is redeemed, the entire structure of the security's value is taken into account (the amount of accrued interest income, the amount of revaluations, adjustments and reserves).
Calculating amortized cost and adjusting interest income
In the configuration "Accounting and Management for Professional Participants of the KORP Securities Market", operations for accounting for debt securities are automated in accordance with the industry accounting standards of the Bank of Russia, namely:
- Amortized cost calculation for securities;
- Calculation of adjustments for the difference between the interest income accrued at the ESP rate and linearly at the rate in accordance with the agreement;
- The corridor of market interest rates is taken into account;
- Adjustments and income / expenses are taken into account at market interest rates;
- The method of amortization of debt securities is determined;
When determining the accounting method, the criterion of materiality of deviations at amortized cost is also taken into account.
Document Amortized cost calculation automatically, or by loading graphs from a file, calculates the ESP rate. Subsequently, interest income, depending on the amortization method for the premium / discount on securities, is accrued in accordance with the calculated ESP rate.
Figure 6. The document "Calculation of amortized cost"
The amortized cost is calculated for both financial assets and financial liabilities.
Financial assets for which amortized cost is calculated:
- Debt securities;
- Loan issued;
- Deposit placed.
Financial liabilities for which amortized cost is calculated:
- Loan received;
- Loan received.
In accordance with the calculations, reports are displayed on the calculations of the amortized cost and the parameters taken into account in the calculation.
Regulated accounting reporting
The result of accounting in a non-bank financial institution is the submission of regulated accounting and tax reports to regulatory authorities, as well as specialized reports.
Regulated accounting reports in the configuration "Accounting and Management for Professional Participants of the KORP Securities Market" are 4 main forms of accounting reports with all the necessary notes. The system implements regulated accounting reporting according to 2 standards:
- According to regulation 532-P of February 3, 2016 "Industry accounting standard, the procedure for drawing up accounting (financial) statements of professional participants in the securities market, joint stock investment funds, trade organizers, central counterparties, clearing organizations, specialized depositories of an investment fund, mutual investment fund and non-state pension fund, investment fund management companies, mutual investment fund and non-state pension fund, credit history bureaus, credit rating agencies, insurance brokers ";
- According to regulation 527-P of December 28, 2015 "Industry accounting standard, the procedure for drawing up accounting (financial) statements of non-state pension funds".
Regulated accounting statements of a non-bank financial institution include the following main forms:
- 0420002 "Balance sheet of a non-credit financial institution";
- 0420003 "Statement of financial results of a non-bank financial institution" ;:
- 0420004 "Report on changes in equity capital of a non-bank financial institution";
- 0420005 "Statement of cash flows of a non-bank financial institution";
The financial statements submitted to the regulatory authorities are divided into annual and interim:
- Annual financial statements are submitted for a period of a calendar year from January 1st to December 31st of the previous year;
- Interim financial statements are submitted for the first, second and third quarters of a calendar year and include information for the same periods last year, as well as information at the end of last year (balance sheet);
- Financial statements according to standard 532-P include the following list of notes:
- Note 1 "Principal activities of a non-bank financial institution";
- Note 2 "The economic environment in which the non-bank financial institution operates";
- Note 3 "Basis of preparation";
- Note 4 "Principles of accounting policies, significant accounting estimates and judgments in applying accounting policies";
- Note 5 “Cash and Cash Equivalents”;
- Note 6 "Funds from credit institutions and non-resident banks";
- Note 7 "Loans issued and other funds allocated";
- Note 8 “Financial assets measured at fair value through profit or loss”;
- Note 9 “Financial assets available for sale”;
- Note 10 "Held-to-maturity financial assets";
- Note 11 Investments in associates;
- Note 12 Investments in jointly controlled entities;
- Note 13 "Investments in subsidiaries";
- Note 14 Accounts Receivable;
- Note 15 “Assets and liabilities included in disposal groups classified as held for sale”;
- Note 16 Investment Property;
- Note 17 "Intangible assets";
- Note 18 "Property, plant and equipment";
- Note 19 "Other assets";
- Note 20 “Allowance for impairment losses”;
- Note 21 “Financial liabilities at fair value through profit or loss”;
- Note 22 "Customer accounts";
- Note 23 "Loans and other borrowed funds";
- Note 24 "Debt securities issued";
- Note 25 "Accounts Payable";
- Note 26 “Post-employment benefit obligations not limited to fixed payments”;
- Note 27 "Provisions - Provisions";
- Note 28 "Other liabilities";
- Note 29 Capital;
- Note 30 Capital Management;
- Note 31 “Gains less expenses (expenses less gains) from transactions with financial instruments measured at fair value through profit or loss”;
- Note 32 "Interest income";
- Note 33 "Income less expense (expense less income) from transactions with financial assets available for sale";
- Note 34 "Income less expenses (expenses less income) from transactions with investment property";
- Note 35 "Income less expense (expense less income) from foreign exchange transactions";
- Note 36 "Other investment income less expenses (expenses less income)";
- Note 37 “Revenue from the provision of services and fee and commission income”;
- Note 38 “Personnel costs”;
- Note 39 "Direct operating expenses";
- Note 40 "Interest expense";
- Note 41 “General and administrative expenses”;
- Note 42 "Other operating income and expenses";
- Note 43 "Income taxes";
- Note 44 "Dividends";
- Note 45 "Profit (loss) per share";
- Note 46 "Segment analysis";
- Note 47 "Risk management";
- Note 48 Transfers of Financial Assets;
- Note 49 "Contingencies";
- Note 50 Derivatives and Hedge Accounting;
- Note 51 Fair value of financial instruments;
- Note 52 "Offsetting financial assets and financial liabilities";
- Note 53 "Related party transactions";
- Note 54 "Events after the end of the reporting period".
Figure 7. "Balance sheet" report
Figure 8. "Statement of financial results"
Figure 9. "Statement of cash flows"
Figure 10. "Report on changes in equity"
Standard accounting reports
In addition to the decryptions given in the forms of regulated reports of the NFO and notes to them, you can use a set of standard reports to check the correctness of posting accounting data:
- Turnover balance sheet;
- Balance sheet of the account;
- Account analysis;
- Account card;
- Account turnover;
- Subconto analysis;
- Subconto card;
- Turnover between subconto;
- Summary postings;
- Posting report;
- Chess sheet.
Using the functionality of a typical solution"1C: Accounting of a non-bank financial organization CORP":
The functionality of the standard solution "1C: Accounting of a non-bank financial organization KORP" is used in the solution to reflect transactions in various accounting areas:
- Accounting on the Unified Chart of Accounts of the NFO (Regulation No. 486-P of the Bank of Russia);
- Support for maintaining 20 (25) -digit analytical accounts;
- Support for maintaining analytical accounts in foreign currency, in foreign currency and rubles;
- Flexible customization of the rules for generating personal accounts as correspondence to the combinations of second-order accounts, currency, trust management attribute and financial dimensions;
- Correspondence of synthetic accounting data to turnovers and balances on analytical accounts;
- Support for paired personal accounts (active / passive), automatic rollup of paired personal accounts;
- Support of accounts without an account sign, control of the balance on accounts at the end of the day;
- Formation of standard accounting reports both for balance sheet accounts of the second order and for analytical accounts (balance sheet, account cards, analysis of accounts with detailing to analytics);
- Accounting for fixed assets and intangible assets;
- Inventory accounting and warehouse accounting;
- Cash accounting;
- Accounting for settlements with counterparties;
- Accounting for settlements with accountable persons;
- Accounting for income and expenses;
- Accounting for advances received and paid;
- Reflection of routine operations (control of account balances and the folding of paired accounts, accounting for events after the reporting date);
- Calculation of income tax, property tax, transport tax;
- Maintaining books of purchases and sales in the context of branches;
- Formation of declarations for VAT, income tax, property tax, etc .;
- Closing accounting periods;
- accounting of fixed assets and intangible assets;
- inventory accounting and warehouse accounting;
- accounting of funds;
- accounting for settlements with counterparties;
- accounting of settlements with accountable persons;
- accounting of income and expenses;
- accounting of advances received and paid;
- tax accounting;
as well as reflection of routine operations:
- control of account balances and folding of paired accounts;
- accounting for events after the reporting date.
13.01.2017
The firm "1C" notifies users of the release of a new solution "1C: Enterprise 8. Accounting and management for professional participants in the securities market CORP", developed on the basis of the technological platform "1C: Enterprise 8.3" and configuration "1C: Enterprise 8. Accounting for non-credit financial organization CORP ". The industry solution "1C: Accounting and Management for Professional Participants of the KORP Securities Market" is designed to automate accounting and tax accounting and prepare regulated reporting (in accordance with the current legislation of the Russian Federation and the requirements of the Central Bank of the Russian Federation) of investment and other companies in the financial sector providing services in the following types of activities: dealer activities, brokerage activities, registrar activities, trust management, management company activities, special depository activities, non-state pension fund.
The configuration "Accounting and Management for Professional Participants of the KORP Securities Market" is developed on the "Taxi" interface and uses all the advantages of the "1C: Enterprise" technology platform version 8.3, which provides scalability, openness, ease of administration and configuration. Technological platform "1C: Enterprise" version 8.3 allows you to work in thin client and web client mode with the ability to access the infobase via the Internet, including in the mode of low connection speed.
When developing "1C: Accounting and Management for Professional Participants of the KORP Securities Market", the methodological and project experience gained while working with companies that maintain accounting in accordance with the requirements of the industry standards of the Bank of Russia was taken into account: Sputnik - Capital Management, IC " ATON ", IC" Grandis Capital ", IC" REGION ", MC" Kalita ", NPF Soglasie, NPF Alliance.
Software products "1C: Accounting and Management for Professional Participants of the KORP Securities Market" on sale from 13.01.2017
FUNCTIONAL POSSIBILITIES OF THE PRODUCT "1C: ACCOUNTING AND MANAGEMENT FOR PROFESSIONAL PARTICIPANTS OF THE CORP SECURITIES MARKET"
The industry solution "1C: Enterprise 8. Accounting and Management for Professional Participants of the KORP Securities Market" is designed to automate accounting and tax accounting and prepare regulated reporting based on the Unified Chart of Accounts (UPC) and Industry Accounting Standards (OSBU) of investment and other companies financial sector.
- Key industry functionality of the industry solution:
- Accounting for transactions with securities and regulatory operations with securities (revaluation, calculation of amortized cost);
- Accounting for brokerage operations;
- Accounting for transactions related to trust management;
- Accounting for NPF operations on NGOs (non-state pension provision) and OPS (compulsory pension insurance);
- Formation of accounting (financial) statements in accordance with regulations 527-P and 532-P;
- Formation of transactions according to charts of accounts of RAS and OSBU in parallel;
- Formation of a package of supervisory reporting to be submitted to the Bank of Russia;
- Functional configuration "Accounting of a non-bank financial organization":
- Cash accounting;
- Accounting for income and expenses;
- Formation of financial statements in accordance with the requirements of RAS;
- Closing accounting periods.
A detailed description of the functional capabilities of the configuration "Accounting and Management for Professional Participants of the CORP Securities Market" is given in Appendix 1 and on the website http://solutions.1c.ru/catalog/finmarket_corp/features.
The solution "1C: Accounting and Management for Professional Participants of the KORP Securities Market" has been certified by "1C: Compatible", information letter No. 22317 dated 08.12.2016 (http://1c.ru/news/info.jsp?id\u003d22317) ...
COMPOSITION OF PRODUCTS INCLUDING CONFIGURATION "ACCOUNTING AND MANAGEMENT FOR PROFESSIONAL PARTICIPANTS OF THE CORP SECURITIES MARKET"
The product "1C: Enterprise 8. Accounting and Management for Professional Participants of the KORP Securities Market" (article 4601546129963) includes:
- Distributions:
- platforms "1C: Enterprise 8";
- configuration "Accounting and management for professional participants of the KORP securities market";
- ITS DVD release;
- A set of documentation for the 1C: Enterprise 8 platform;
- Set of configuration documentation "Accounting and Management for Professional Participants of the KORP Securities Market";
- A set of documentation for the "Accounting of a non-bank financial organization" configuration;
- Activation envelope 1C: ITS Branch Preferential;
- PIN-code of software protection of the "1C: Enterprise 8" platform for one workplace;
- PIN-code of software protection of the configuration "Accounting and Management for Professional Participants of the KORP Securities Market" for one workplace;
- Licenses for the use of the "1C: Enterprise 8" system and the configuration "Accounting and Management for Professional Participants of the KORP Securities Market" for one workplace;
- PIN codes for registration on the user support site.
The configuration "Accounting and Management for Professional Participants of the KORP Securities Market" is protected and contains code fragments that cannot be changed by the user. At the same time, the principle of maximum openness of the code is implemented to ensure the possibility of adapting the product to the needs of end users.
The expansion of the number of automated workplaces is carried out by purchasing client licenses for the 1C: Enterprise 8 platform (for 1, 5, 10, 20, 50, 100, 300, 500 workplaces, PROF or CORP versions), client licenses for 1C: Accounting and management for professional participants in the securities market CORP "(for 1, 5, 10, 20, 50 and 100 jobs).
The number of licenses purchased to use the configuration "Accounting and Management for Professional Participants of the KORP Securities Market" and the "1C: Enterprise 8" platform is determined based on the need for the maximum number of concurrent users with this configuration.
To work in the client-server version, you must purchase a license to use the 1C: Enterprise 8 server. More details about the client-server version of 1C: Enterprise 8 can be found on the 1C website.
DOCUMENTATION INCLUDED IN THE DELIVERY OF THE SOFTWARE PRODUCTS
The product "1C: Accounting and Management for Professional Participants of the KORP Securities Market" (article 4601546129963) includes the documentation:
- 1C: Enterprise 8.3. Administrator's Guide;
- 1C: Enterprise 8.3. User's manual;
- 1C: Enterprise 8.3. Developer's Guide (in two parts);
- 1C: Enterprise 8. Configuration "Accounting and Management for Professional Participants of the KORP Securities Market";
- 1C: Enterprise 8. Accounting of a non-credit financial organization configuration.
The syntax of the built-in language and the query language is presented in the book "1C: Enterprise 8.3. Developer's Guide" (in 2 parts). The description of the object model is fully included in the delivery in electronic form (in the help sections of the Configurator and the Syntax Assistant). Description of the object model in the form of a paper book "1C: Enterprise 8.3. Description of the embedded language" (in 5 parts) can be purchased separately. The purchase of no more than one copy per one registration number is provided.
Before submitting an application for the purchase of documentation, it is recommended to check the registration of the user's product, the presence of a valid 1C: ITS agreement and an active 1C: ITS Industry service for this product.
SERVICE MAINTENANCE
Service maintenance of software products containing the configuration "Accounting and Management for Professional Participants of the KORP Securities Market" and user support in terms of working with the 1C: Enterprise platform is carried out under the 1C: Enterprise Information Technology Support Agreement (1C: ITS) with active service 1C: ITS Industry 5th Category.
Information technology support (1C: ITS) - official support that 1C provides to users of 1C: Enterprise programs on a regular and continuous basis. Official support includes 1C: ITS Services and 1C services.
1C: ITS services allow:
- prepare and submit regulated reports via the Internet,
- exchange electronic invoices and other legally significant documents,
- using automated backups to protect against database loss and damage,
- use the "1C: Enterprise" program via the Internet from anywhere in the world,
- receive advice from auditors and specialists of the 1C firm and much more.
For detailed information on all 1C Services, see the 1C: ITS portal at https://portal.1c.ru/.
More details about the composition and conditions of 1C: ITS and the 1C: ITS Sectoral service can be found at www.its.1c.ru/about and https://portal.1c.ru/app/branch.
The basic delivery set "1C: Accounting and Management for Professional Participants of the KORP Securities Market" includes a DVD release of ITS, a coupon for preferential support for 1C: ITS and a coupon for a grace period for support within the 1C: ITS Sectoral service. The cost of the grace period for support is included in the delivery cost of "1C: Accounting and Management for Professional Participants of the CORP Securities Market". That is, after registering the kit and registering the grace period for 1C: ITS support, as well as activating the grace period for support within the 1C: ITS service, the industry user has the right to use official support without additional payment for the grace period.
Attachment 1
Description of the functionality of the software product "1C: Accounting and Management for Professional Participants of the KORP Securities Market"
The industry solution "1C: Enterprise 8. Accounting and management for professional participants in the KORP securities market" was developed on the basis of the standard solution "1C: Enterprise 8. Accounting of a non-bank financial organization KORP", revision 3.0, while maintaining the basic functionality, and uses all the advantages of technological platform "1C: Enterprise 8" version 8.3 and interface "Taxi".
The solution "1C: Accounting and Management for Professional Participants of the KORP Securities Market" is designed to automate accounting and tax accounting, including the preparation of regulated reporting, for professional participants in the securities market and non-state pension funds applying:
- Chart of accounts for accounting in accordance with the Draft Regulation of the Bank of Russia "On the chart of accounts for accounting in non-bank financial institutions and the procedure for its application", as well as Draft industry accounting standards of the Bank of Russia;
- Chart of accounts of accounting, corresponding to the Order of the Ministry of Finance of the Russian Federation "On approval of the chart of accounts for accounting of financial and economic activities of organizations and instructions for its application" dated 31.10.2000 No. 94n.
For integration with other information systems, standard mechanisms of the 1C: Enterprise 8.3 platform are used.
Accounting "from the document" and typical operations
The main way to reflect business transactions in accounting is to enter program documents that correspond to the primary accounting documents. In addition, you can enter individual transactions directly.
Keeping records of multiple organizations
With the help of the program "1C: Accounting and Management for Professional Participants of the KORP Securities Market", you can keep accounting and tax accounting of the activities of several organizations, and for each of them, the accounting policy parameters are configured independently of other organizations.
"Accounting and Management for Professional Participants of the Securities Market CORP" provides an opportunity to use a common information base for keeping records of several organizations. At the same time, accounting for each organization can be kept in a separate accounting base.
The configuration "Accounting and Management for Professional Participants of the KORP Securities Market" supports accounting and tax accounting of the activities of organizations with separate divisions. To reflect transactions between departments allocated to a separate balance sheet, separate Aviso documents are used.
Accounting for business transactions on the chart of accounts
Synthetic and analytical accounting in the program "1C: Accounting and Management for Professional Participants of the KORP Securities Market" is maintained as on the chart of accounts corresponding to the Order of the Ministry of Finance of the Russian Federation "On Approval of the Chart of Accounts for Accounting of Financial and Economic Activities of Organizations and Instructions for its Application" dated 31.10 .2000 No. 94n, and on the chart of accounts corresponding to the Draft Regulation of the Bank of Russia "On the chart of accounts for accounting in non-bank financial institutions and the procedure for its application" (hereinafter - the Unified chart of accounts).
Unified chart of accounts:
- Two-tiered and highly regulated. The construction of the Unified Chart of Accounts is based on a hierarchical structure, where each subsequent level details the previous one;
- The nomenclature of accounting accounts is classified according to economic content in order to group and generalize information in sections, on accounts of the first and second order, based on uniform accounting rules and principles;
- Analytical accounting is carried out both on personal, analytical, accounting accounts, and on synthetic accounts using the subconto mechanism;
- To conduct analytical accounting on personal accounts, the configuration provides a directory of Analytical Accounting Accounts. For each balance sheet account of the second order, an unlimited number of analytical accounts are opened for the specified combinations of analytics. Analytical accounts can be generated in the configuration according to the specified opening parameters or manually created by the user.
Purchase of securities
In the configuration "Accounting and Management for Professional Participants of the KORP Securities Market", the operations of purchasing securities are automated, reflecting the actual costs incurred in various trading modes on the stock exchange and the OTC market.
The transaction for the purchase of securities was carried out in accordance with the industry standards of the Bank of Russia dated October 1, 2015 No. 494-P "Regulations for the industry standard of accounting for operations with securities in non-bank financial institutions".
Lot records are kept for securities when buying and selling. A batch corresponds to a certain number of securities purchased at the same price in one unit of time. The batch document for securities is the document Securities Transaction. Equity and debt securities are accepted for accounting by this document.
Figure 1. "Deal" document
Upon purchase, equity and debt financial instruments are assigned to one of four valuation categories in accordance with the industry accounting standards of the Bank of Russia, as well as international financial reporting standards IAS 39.
Depending on the appraisal category and type of financial instrument, the basic value of the security is recorded, as well as transaction costs, interest-coupon income, discount / premium.
The selection of the evaluation category in the program is carried out both in the document Contract for a security transaction (T +, over-the-counter transactions with delayed delivery), and in the document Transaction with a security (in T0 mode and over-the-counter transactions, subject to the delivery of the security on the day of conclusion of the contract ).
In case of a deferred delivery on the OTC market or on the exchange in the T + mode, the Transaction contract document takes into account the preliminary costs of purchasing securities. Depending on the category of securities, costs are either included in the price of the security or are expensed.
When purchasing securities, the following financial investment accounting standards were observed:
- Upon purchase, all securities are measured at fair value. The purchase price of any financial instrument is tested for conformity with fair value, taking into account the relevant materiality criteria. Accordingly, the purchase price of the securities can be adjusted for the difference between the fair value of the security and the purchase price.
- The fair value of financial instruments is determined based on the accounting system settings and is determined at fair value levels:
- Level 1 - quoted prices of a financial instrument traded in an active market (observable inputs);
- 2 Level - quoted prices for a financial instrument that is not traded in an active market and quoted prices for similar financial instruments used to measure the fair value of a financial instrument (observable inputs);
- Level 3 - Non-observable inputs for a financial instrument: appraised values, fair value methods (market approach and income approach) using either matrix pricing or discount rate methods and discounted cash flow based on EIR (effective interest rate) ) the fair value of the financial instrument.
The program provides for the accounting of the premium and discount when purchasing, with further consideration of such a premium or discount as interest income or expense. In accordance with industry securities accounting standards, when calculating amortized cost and adjustments to interest income, this discount and premium are accrued and deducted on a linear basis like coupon income and adjusted for interest differences on EIR.
To be able to carry out transactions for the purchase of securities with parallel posting in RAS and OSBU registers, you must enable the Parallel RAS option in the Accounting Settings for professional participants.
Sale (disposal) of previously acquired securities
Operations for the sale of securities in the configuration "Accounting and Management for Professional Participants of the KORP Securities Market" are performed by the document Securities Transaction. Exchange and over-the-counter transactions for the sale of securities are taken into account. For exchange deals, sale operations are possible in the modes T0, T + 1, T + 2. OTC trading modes take into account the options for preliminary delivery of securities, delivery versus payment, when delivery and payment occur on the same day, and the option of prepayment for securities with subsequent execution of delivery of securities.
Upon sale (disposal) of securities, interest income on debt securities is calculated (additionally accrued), and the full financial result of the transaction is also calculated.
The accounting policy chooses one of the methods of accounting for retired securities - FIFO or the average cost of securities.
Upon disposal of a security, the entire component of the cost of the security is taken into account, taking into account revaluation at fair value, adjustments, and interest income accrued to the date of disposal. Upon disposal, the financial result of the transaction is determined taking into account interest income and expenses, as well as taking into account the purchase price and the received consideration upon sale.
The sale also takes into account the nuances of the revaluation of securities available for sale, the revaluation of which is reflected through other comprehensive income, which on sale is closed to income and expense accounts.
The sale also takes into account the amount of the allowance for impairment losses on securities. Upon sale, the securities are also remeasured at fair value and an adjustment is made to the related expense or income at the EIR rate.
Calculation of profit or loss on transactions with securities
The program "Accounting and Management for Professional Participants of the KORP Securities Market" calculates income and expenses on transactions for the purchase and sale of securities, reflecting the final financial result from the acquisition of an asset.
When calculating interest income, the values \u200b\u200bof accrued coupons and discounts, as well as premiums, accrued on this financial instrument are taken into account. For securities measured at fair value, the revaluation at fair value is recorded as income. The amount of income on debt securities is also affected by the amortized cost of the debt security and adjustments to interest income and ESP expenses. In addition, the amount of profit or loss is affected by the allowance for impairment losses. All these parameters are recorded in the registers for securities, taking into account the value of securities and the amount of income and expenses from purchased securities.
Accrual of commissions
In the configuration "Accounting and Management for Professional Participants of the KORP Securities Market", the accounting of commissions for securities transactions is automated.
Transaction costs incurred by a non-bank financial institution in the purchase and sale of securities include the following types:
- Exchange;
- Brokerage;
- Depository;
- Clearing;
- Remuneration;
- Other.
The preliminary costs and costs accepted for payment on the delivery date are taken into account.
The options for accounting for expenses on a personal account for accounting for the cost of a security, or on a personal account for expenses on securities, are selected in the Accounting Settings for professional participants.
Figure 2. Form "Setting up accounting of a professional participant"
Broker commissions are taken into account. Other commissions that are attributed to the company's expenses for the period, such as depository commissions, are accounted for by the document Receipt of goods and services of the general business unit of operations. Transaction costs are included in both the sale and purchase of securities. Also, transaction costs are accounted for under direct and reverse REPO transactions.
REPO transactions
In the configuration "Accounting and Management for Professional Participants of the CORP Securities Market", REPO transactions are automated. REPO transactions are operations of short-term borrowing of funds secured by securities and borrowing securities secured by funds.
The system implements the following types of REPO transactions:
- Direct REPO;
- Reverse REPO.
Revaluation of securities
In the configuration "Accounting and Management for Professional Participants of the KORP Securities Market", operations are automated to reflect the revaluation of securities to their fair value.
Reflection of the revaluation of securities in the system is carried out by the document Revaluation of securities at fair value. Equity and debt securities are involved in the revaluation. Revaluation of securities can be carried out on any date.
A non-bank financial institution is obliged not later than the last day of the month to reflect all securities in accounting at fair value. A non-bank financial institution may establish more frequent revaluation in the entity's standards. Accordingly, to reflect the revaluation of securities for the relevant date, it is necessary to enter in the system the document Revaluation of securities at fair value as of the relevant date.
Figure 3. Document "Revaluation of securities at fair value"
Accrual of personal income tax
Accrued coupon income (hereinafter ACI) is accrued upon purchase and sale of securities.
In the configuration "Accounting and Management for Professional Participants of the KORP Securities Market", the accrual of ACC is automated by the settlement method and from quotations for securities. In the first case, it is necessary to enter the issue prospectus for coupon payments by the financial department of the organization into a special register, in the second option, the data in the documents for the calculation comes from the loaded registers of securities quotations, reflecting the data coming from the exchange.
Revaluation of NCD
The revaluation of the ACI is calculated in accordance with the accrued interest for the period from the date of purchase of the security to the date of reflection of the coupon interest income and the value of the coupon interest rate.
Figure 4. Document "Revaluation of ACI and discount"
Revaluation of discount
In the configuration "Accounting and management for professional participants of the KORP securities market", interest income and expenses on debt securities are taken into account as:
- Interest income as accrued coupon income for the period;
- Interest income as an accrued discount for the period;
- Interest expense as an accrued premium for a period.
The discount is accrued on a straight-line basis and adjustments are made to income on securities in accordance with the amortized cost calculation and the securities accounting method.
Accounting for the accrued discount is kept on a separate personal account "Accrued discount", opened on the corresponding second-order balance accounts with the currency code of the par value of the security in accordance with the program settings.
Coupon redemption
In the configuration "Accounting and Management for Professional Participants of the KORP Securities Market", the operation of redemption of coupons on bonds is automated.
To reflect the redemption of coupons, the document Redemption of securities and coupons is used.
Additionally, the sum of the revalued coupon yield is calculated from the date of the previous accrual, and the entire coupon yield for the period is presented for payment to the issuer on the security.
Payment for redeemed coupons can be received to the current account from the issuer of the security with the document Receipt to the current account, or the payment through a broker or a management company in trust can be reflected to an investment brokerage account.
When a coupon is redeemed for a security, the value of the security is reduced by the amount of interest paid upon presentation of the coupon by the issuer.
Full and partial redemption of bonds
In the configuration "Accounting and management for professional participants of the KORP securities market", it is possible to record both full and partial redemption of bonds. Full and partial redemption of bonds is reflected in the document Redemption of the Central Bank and coupons.
Figure 5. Document "Redemption of securities and coupons"
In case of partial or full redemption of securities, the amounts of the accrued coupon, discount and premium, as well as the value of the security itself, are proportionally taken into account. Amounts for accrued income and expense from partial redemption of a security are credited to income and expense accounts for the corresponding OFR symbol automatically with correctly filled in pre-configuration settings.
When a security is redeemed, the entire structure of the security's value is taken into account (the amount of accrued interest income, the amount of revaluations, adjustments and reserves).
Calculating amortized cost and adjusting interest income
In the configuration "Accounting and Management for Professional Participants of the KORP Securities Market", operations for accounting for debt securities are automated in accordance with the industry accounting standards of the Bank of Russia, namely:
- Amortized cost calculation for securities;
- Calculation of adjustments for the difference between the interest income accrued at the ESP rate and linearly at the rate in accordance with the agreement;
- The corridor of market interest rates is taken into account;
- Adjustments and income / expenses are taken into account at market interest rates;
- The method of amortization of debt securities is determined;
When determining the accounting method, the criterion of materiality of deviations at amortized cost is also taken into account.
Document Calculation of amortized cost automatically, or by loading graphs from a file, calculates the ESP rate. Subsequently, interest income, depending on the amortization method for the premium / discount on securities, is accrued in accordance with the calculated ESP rate.
Figure 6. The document "Calculation of amortized cost"
The amortized cost is calculated for both financial assets and financial liabilities.
Financial assets for which amortized cost is calculated:
- Debt securities;
- Loan issued;
- Deposit placed.
Financial liabilities for which amortized cost is calculated:
- Loan received;
- Loan received.
In accordance with the calculations, reports are displayed on the calculations of the amortized cost and the parameters taken into account in the calculation.
Regulated accounting reporting
The result of accounting in a non-bank financial institution is the submission of regulated accounting and tax reports to regulatory authorities, as well as specialized reports.
Regulated accounting reports in the configuration "Accounting and Management for Professional Participants of the KORP Securities Market" are 4 main forms of accounting reports with all the necessary notes. The system implements regulated accounting reporting according to 2 standards:
- According to regulation 532-P of February 3, 2016 "Industry accounting standard, the procedure for drawing up accounting (financial) statements of professional participants in the securities market, joint stock investment funds, trade organizers, central counterparties, clearing organizations, specialized depositories of an investment fund, mutual investment fund and non-state pension fund, investment fund management companies, mutual investment fund and non-state pension fund, credit history bureaus, credit rating agencies, insurance brokers ";
- According to regulation 527-P of December 28, 2015 "Industry accounting standard, the procedure for drawing up accounting (financial) statements of non-state pension funds".
Regulated accounting statements of a non-bank financial institution include the following main forms:
- 0420002 "Balance sheet of a non-credit financial institution";
- 0420003 "Statement of financial results of a non-bank financial institution" ;:
- 0420004 "Report on changes in equity capital of a non-bank financial institution";
- 0420005 "Statement of cash flows of a non-bank financial institution";
The financial statements submitted to the regulatory authorities are divided into annual and interim:
- Annual financial statements are submitted for a period of a calendar year from January 1st to December 31st of the previous year;
- Interim financial statements are submitted for the first, second and third quarters of a calendar year and include information for the same periods last year, as well as information at the end of last year (balance sheet);
- Financial statements according to standard 532-P include the following list of notes:
- Note 1 "Principal activities of a non-bank financial institution";
- Note 2 "The economic environment in which the non-bank financial institution operates";
- Note 3 "Basis of preparation";
- Note 4 "Principles of accounting policies, significant accounting estimates and judgments in applying accounting policies";
- Note 5 “Cash and Cash Equivalents”;
- Note 6 "Funds from credit institutions and non-resident banks";
- Note 7 "Loans issued and other funds allocated";
- Note 8 “Financial assets measured at fair value through profit or loss”;
- Note 9 “Financial assets available for sale”;
- Note 10 "Held-to-maturity financial assets";
- Note 11 Investments in associates;
- Note 12 Investments in jointly controlled entities;
- Note 13 "Investments in subsidiaries";
- Note 14 Accounts Receivable;
- Note 15 “Assets and liabilities included in disposal groups classified as held for sale”;
- Note 16 Investment Property;
- Note 17 "Intangible assets";
- Note 18 "Property, plant and equipment";
- Note 19 "Other assets";
- Note 20 “Allowance for impairment losses”;
- Note 21 “Financial liabilities at fair value through profit or loss”;
- Note 22 "Customer accounts";
- Note 23 "Loans and other borrowed funds";
- Note 24 "Debt securities issued";
- Note 25 "Accounts Payable";
- Note 26 “Post-employment benefit obligations not limited to fixed payments”;
- Note 27 "Provisions - Provisions";
- Note 28 "Other liabilities";
- Note 29 Capital;
- Note 30 Capital Management;
- Note 31 “Gains less expenses (expenses less gains) from transactions with financial instruments measured at fair value through profit or loss”;
- Note 32 "Interest income";
- Note 33 "Income less expense (expense less income) from transactions with financial assets available for sale";
- Note 34 "Income less expenses (expenses less income) from transactions with investment property";
- Note 35 "Income less expense (expense less income) from foreign exchange transactions";
- Note 36 "Other investment income less expenses (expenses less income)";
- Note 37 “Revenue from the provision of services and fee and commission income”;
- Note 38 “Personnel costs”;
- Note 39 "Direct operating expenses";
- Note 40 "Interest expense";
- Note 41 “General and administrative expenses”;
- Note 42 "Other operating income and expenses";
- Note 43 "Income taxes";
- Note 44 "Dividends";
- Note 45 "Profit (loss) per share";
- Note 46 "Segment analysis";
- Note 47 "Risk management";
- Note 48 Transfers of Financial Assets;
- Note 49 "Contingencies";
- Note 50 Derivatives and Hedge Accounting;
- Note 51 Fair value of financial instruments;
- Note 52 "Offsetting financial assets and financial liabilities";
- Note 53 "Related party transactions";
- Note 54 "Events after the end of the reporting period".
Figure 7. "Balance sheet" report
Figure 8. "Statement of financial results"
Figure 9. "Statement of cash flows"
Figure 10. "Report on changes in equity"
Standard accounting reports
In addition to the decryptions given in the forms of regulated reports of the NFO and notes to them, you can use a set of standard reports to check the correctness of posting accounting data:
- Turnover balance sheet;
- Balance sheet of the account;
- Account analysis;
- Account card;
- Account turnover;
- Subconto analysis;
- Subconto card;
- Turnover between subconto;
- Summary postings;
- Posting report;
- Chess sheet.
Using the functionality of the standard solution "1C: Accounting of a non-bank financial organization KORP":
The functionality of the standard solution "1C: Accounting of a non-bank financial organization KORP" is used in the solution to reflect transactions in various accounting areas:
- Accounting on the Unified Chart of Accounts of the NFO (Regulation No. 486-P of the Bank of Russia);
- Support for maintaining 20 (25) -digit analytical accounts;
- Support for maintaining analytical accounts in foreign currency, in foreign currency and rubles;
- Flexible customization of the rules for generating personal accounts as correspondence to the combinations of second-order accounts, currency, trust management attribute and financial dimensions;
- Correspondence of synthetic accounting data to turnovers and balances on analytical accounts;
- Support for paired personal accounts (active / passive), automatic rollup of paired personal accounts;
- Support of accounts without an account sign, control of the balance on accounts at the end of the day;
- Formation of standard accounting reports both for balance sheet accounts of the second order and for analytical accounts (balance sheet, account cards, analysis of accounts with detailing to analytics);
- Accounting for fixed assets and intangible assets;
- Inventory accounting and warehouse accounting;
- Cash accounting;
- Accounting for settlements with counterparties;
- Accounting for settlements with accountable persons;
- Accounting for income and expenses;
- Accounting for advances received and paid;
- Reflection of routine operations (control of account balances and the folding of paired accounts, accounting for events after the reporting date);
- Calculation of income tax, property tax, transport tax;
- Maintaining books of purchases and sales in the context of branches;
- Formation of declarations for VAT, income tax, property tax, etc .;
- Closing accounting periods;
- accounting of fixed assets and intangible assets;
- inventory accounting and warehouse accounting;
- accounting of funds;
- accounting for settlements with counterparties;
- accounting of settlements with accountable persons;
- accounting of income and expenses;
- accounting of advances received and paid;
- tax accounting;
as well as reflection of routine operations:
- control of account balances and folding of paired accounts;
- accounting for events after the reporting date.