How to find gross output in the balance sheet of an industrial enterprise when preparing financial statements? This question is asked by many modern accountants who need to know what the gross output includes and how all the necessary indicators are calculated.
Instructions
Step 1
Are you interested in the question of how to find gross output in the form of the balance sheet of your company when preparing annual reports? To do this, apply adjustments depending on the industry to which the production belongs, and then adhere to the following recommendations. First, first multiply all the data concerning the quantity of products released from production by the price of each unit of the product produced.
Step 2
After that, accurately summarize all the totals you received, and then select all the displayed data in the company's balance sheet, which indicates the gross revenue from the sale of goods. When you already have a specific total, simply add to it the annual increment in the value of all inventory. Second, pay attention to the services and products in each industry if you work for a diversified business. To find the gross output and calculate it correctly, it is necessary to apply accurate prices.
Step 3
Remember that in industries such as forestry and agriculture, manufacturing and mining, calculating the value of gross output is significantly difficult. This fact occurs due to the fact that the reporting documentation does not contain comprehensive information. If your enterprise does not belong to these industries, then gross output is relatively easy to calculate. After making the initial calculations, perform the following action - quickly fill in all information gaps regarding data on the total sales of finished products produced by your company.
Step 4
In the calculations, be sure to take into account the value of the stocks stored in various production warehouses, and then make any necessary adjustments. Be sure, after calculating all totals, bring them in line with accepted industry classifications using the latest calculation concepts. As a result, you should get the cost of the manufactured products, taking into account the manufacturer's price.
Step 5
Unsold goods stored in the warehouses of your company, at the time of reporting, evaluate using the same methods as sold products. At the same time, the increase in work in progress and inventory in warehouses can be estimated both at the book value and taking into account production costs, excluding the estimated profit. The data obtained can subsequently be used both for financial statements and for statistical accounting.
