Lecture notes, cheat sheets
Accounting financial accounting. Accounting for the receipt of financial investments: purchase of securities (the most important) Directory / Lecture notes, cheat sheets Table of contents (expand) 43. ACCOUNTING FOR FINANCIAL INVESTMENTS: ACQUISITION OF SECURITIES The cost of acquiring securities is charged directly to account 58 "Financial investments" (without using account 08) at the time of transfer to the investor of the right to securities. The moment of transfer to the investor of the right to securities is established by Art. 28, 29 of the Federal Law "On the Securities Market". Equity securities may be presented in documentary and non-documentary forms. At documentary form, the owner is established on the basis of the presentation of a properly executed security certificate or, in the case of depositing one, on the basis of an entry on the depo account. At uncertificated form, the owner is established by an entry in the register of securities holders or, in the case of deposition of securities, on the basis of an entry in the depo account. The rights of owners to non-documentary issuance securities are certified by entries on personal accounts with the registrar or, in the case of registration of rights to securities in a depositary, by entries on depo accounts with depositories. Acquisition of debt securities as a type of financial investment is becoming increasingly important in the business turnover of organizations. Debt securities primarily include bonds and financial bills. Acquisition of bonds is reflected in accounting in the same way as the acquisition of shares. Features of accounting for bonds are associated with the need to account for accrued income and write off the difference between the nominal value and the cost of acquiring bonds. From the point of view of accrual of income, bonds are divided into several types: ▪ by form of income - interest (coupon), discount (no-coupon) and discount-interest; ▪ by subject (to whom the loan should be repaid and income paid) - registered and bearer. The amount of income accrued on the bond in accounting is recorded by the entry: D-t 76 “Settlements with various debtors and creditors”; Kt 91-1 "Other income" ▪ amount of accrued income. Receipt of funds from the issuer is reflected in the debit of the cash accounts in correspondence with account 76. Promissory notes are taken into account on account 58 if: 1) the organization has granted a cash loan, and the borrower has issued a promissory note with an obligation (promissory note) or with an offer to another person (promissory note) to pay back the amounts of money received on loan upon the expiry of the term stipulated by the bill; the conclusion of a bill of sale agreement is redundant; 2) when acquiring a bill for cash, the contract for the sale of a bill is concluded not with the drawer, but with another organization that transfers the bill by endorsement; 3) as an advance payment or in payment for products (works, services) from the buyer, a promissory note of a "third party" (a promissory note whose drawer is neither the buyer nor the seller) or a bill of exchange accepted by the payer has been received from the buyer by endorsement. For the accounting loans provided to other organizations, to account 58, a subaccount 58-3 “Provided loans” is opened. >> Forward: Accounting for impairment and disposal of financial investments We recommend interesting articles Section Lecture notes, cheat sheets: ▪ normal physiology. Lecture notes ▪ Psychology of work. Lecture notes ▪ History of world and domestic culture. 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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