Some organizations in their work use the revaluation of fixed assets, that is, equate the residual value to the market value. What is it for? For example, in order to attract any investment or conduct a financial analysis. It should be noted that this procedure is optional and is carried out once a year. How to increase the value of fixed assets?
Instructions
Step 1
To revalue property, plant and equipment on a regular basis, write it down in the organization's accounting policy. But remember that you can only overestimate a homogeneous group of fixed assets, not all at the same time. Fix such groups also in the accounting policy. You can also indicate the frequency of revaluation, but this should be no more than 1 time in 12 months.
Step 2
Next, indicate the persons who will be responsible for the revaluation of these assets of the organization (be sure to include the manager and the chief accountant).
Step 3
The increase in the value of fixed assets should be carried out as of the beginning of the reporting period, that is, the year. As a rule, the annual reporting lasts until the end of April, therefore, carry out the revaluation until about April 29.
Step 4
First, take an inventory of fixed assets to compare the actual availability of property and the assets on the balance sheet of the enterprise. To do this, draw up an order, where indicate the composition of the inventory commission and the deadline.
Step 5
Then issue a revaluation order at the beginning of the reporting period. It should contain information on the composition of employees who will carry out the revaluation, as well as information on the group of fixed assets that will undergo revaluation.
Step 6
After that, within the above-mentioned period, the commission examines the condition of the OS, checks the technical condition. Indicate all received data in the statement of results of revaluation of fixed assets. You can develop it yourself and fix it in the accounting policy.
Step 7
The statement must necessarily include information about the name of the asset, numbers according to inventory cards, the date of purchase and commissioning of the fixed asset, the initial cost, the amount of depreciation, the revaluation coefficient and the revaluation amount.
Step 8
Based on the statement, enter the increase data on the inventory card in section 3. In accounting, reflect this as follows:
D01 K83 or 84 (the initial cost of fixed assets has been increased);
D83 or 84 K02 (increased depreciation charges for fixed assets).
