Lecture notes, cheat sheets
Accounting financial accounting. Assessment and inventory of financial investments (the most important) Directory / Lecture notes, cheat sheets Table of contents (expand) 41. EVALUATION AND INVENTORY OF FINANCIAL INVESTMENTS According to RAS 19/02, initial and subsequent assessments of financial investment objects are distinguished. Financial investments at the stage of acceptance for accounting are valued at their original cost. Initial cost objects of financial investments are formed similarly to other assets, depending on the option of their receipt by the organization (acquisition for a fee, gratuitous receipt, on account of a contribution to the authorized capital, on account of a contribution under a simple partnership agreement, etc.). For purposes follow-up evaluation financial investments are divided into two groups: 1) financial investments for which the current market value can be determined in the manner prescribed by PBU 19/02; 2) financial investments for which their current market value is not determined. Financial investments first group, for which the current market value can be determined in the prescribed manner, are reflected in the financial statements at the end of the reporting year at the current market value by adjusting their assessment as of the previous reporting date. The organization can make this adjustment monthly or quarterly; the accepted option is reflected in the accounting policy. Financial investments second group, for which the current market value is not determined, are subject to reflection in accounting and financial statements as of the reporting date at historical cost. Objects of financial investments (other than loans) that have not been paid in full are shown in the organization's assets in the full amount of the actual costs of their acquisition under the contract, with the outstanding amount treated as accounts payable in cases where the investor has the right to receive dividends and bears full responsibility for these financial investments. In other cases, only fully paid shares and shares of other organizations are taken into account as financial investments. Amounts of partial payment of shares and units are reflected as accounts receivable. To ensure the reliability of accounting data and financial statements, organizations are required to conduct inventory property and liabilities, during which their presence, condition and valuation are checked and documented. Financial investments in the authorized capital of other organizations, as well as loans provided to other organizations, are confirmed by the relevant documents during the inventory. In the process of inventory, the safety and correctness of registration of securities, the reality of their book value, the timeliness and completeness of the reflection in accounting of accrued income from securities are checked. << Back: The concept, classification and accounting accounts of financial investments >> Forward: Accounting for the receipt of financial investments: participation in the capital of other organizations We recommend interesting articles Section Lecture notes, cheat sheets: ▪ Endocrinology. Lecture notes See other articles Section Lecture notes, cheat sheets. Read and write useful comments on this article. Latest news of science and technology, new electronics: The existence of an entropy rule for quantum entanglement has been proven
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