The job of an accountant requires perseverance and care. The year of fruitful and hard work is over, it would seem, now the rest. But no. This is where the hardest work begins - drawing up the annual report. This is a kind of exam for an accountant. The report will be correct if certain indicators converge. The annual financial statements include: balance sheet, income statement, statement of changes in equity (form No. 3), cash flow statement (form No. 4) and annex to the balance sheet (form No. 5). Follow our step-by-step guide to compare reporting rates.
Instructions
Step 1
Do not forget that when filling out form No. 3, indicators should be entered into it not only for the reporting period, but also for the two previous ones. If there have been no changes in the company, then the indicators indicated in line 100 will coincide with the indicators for the previous year. If there are discrepancies, you need to find out their reason and indicate this in the explanatory note.
Step 2
Pay special attention to the section "References of the report", they reflect data on the size of the net assets of the company. It is important that these indicators are not lower than the indicators of the value of the authorized capital. If this is the case, then the firm will have to reduce these figures to these net assets.
Step 3
Pay attention to filling out the form number 4. It must indicate the balance of funds for the company as a whole, while the movement of money should be indicated for each type of activity.
Step 4
Decipher some of the balance indicators when filling out form No. 5. The amount of money should be indicated here only for the past year. Check if individual balance sheet items match the indicators of Form No. 1.
Step 5
Explain the found discrepancies in the explanatory note. You will need it for an audit. The note should consist of three mandatory sections:
- the structure of the company, and its main activities, - accounting policies, - factors that influenced the financial and economic performance of the company.
