Accounting financial accounting. Accounting for costs of construction and installation work (the most important)

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Accounting financial accounting. Accounting for costs of construction and installation work (the most important)

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28. ACCOUNTING FOR CONSTRUCTION AND INSTALLATION WORKS

Accounting of expenses for the construction of buildings and structures, installation of equipment, the cost of equipment transferred for installation, other expenses provided for by estimates and title lists for capital construction (regardless of whether this construction is carried out by a contract or economic method) is maintained on account 08 "Investments in non-current assets", subaccount 08-3 "Construction of fixed assets". The debit of account 08 reflects the actual costs of construction and installation of individual non-current assets on an accrual basis from the beginning of construction to the commissioning of the facility.

Construction refers to an individual type of production, therefore, for the accounting of capital construction costs carried out economically (for own consumption), the order accounting method is usually used. In accounting, construction costs are grouped according to estimate documentation. With the economic method of carrying out construction and installation work, expenses are accounted for on account 08 “Investments in non-current assets”, which reflects the costs actually incurred by the developer: D-t 08 “Investments in non-current assets”, subaccount 08-3 “Construction of fixed assets”; Kt 02 “Depreciation of fixed assets”, 05 “Depreciation of intangible assets”, 10 “Materials”, 70 “Settlements with personnel for wages”, 69 “Calculations for social insurance and security”, etc.

Input of fixed asset objects in operation is reflected in the accounts of accounting: Dt 01 "Fixed assets"; Kt 08 "Investments in non-current assets".

Execution of construction and installation works organizations for their own consumption is recognized as an object of VAT. The tax base in this case is determined by the organization's actual expenses for the performance of work (Articles 146, 159 of the Tax Code of the Russian Federation).

After being registered capital construction of a production facility completed or as construction in progress is realized, the amounts of VAT paid to suppliers on purchased goods (works, services) used to perform construction and installation works in an economic way are subject to deduction: Dt 68 "Calculations on taxes and fees" ; Kt 19 "VAT on acquired values".

VAT amounts calculated when performing construction and installation work for own consumption, the cost of which is included in expenses accepted for income tax purposes (including depreciation deductions) are subject to deductions (Article 171 of the Tax Code of the Russian Federation). VAT amounts are deducted as tax is paid to the budget, calculated when performing construction and installation work in an economic way (Article 172 of the Tax Code of the Russian Federation).

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