Simplified balance sheet for simplified tax system 2021 example of filling

Targeted financing on balance sheet

A selection of the most important documents on request Targeted financing in the balance sheet (regulatory acts, forms, articles, expert consultations and much more).

Regulatory acts: Targeted financing on the balance sheet

Reference information: “Forms of accounting statements” (Material prepared by ConsultantPlus specialists) - prepare financial statements in a reduced volume (balance sheet and income statement - for a commercial organization; balance sheet and report on the intended use of funds - for a non-profit organization). In particular, the decision to include in the financial statements a statement of changes in capital and a statement of cash flows is determined by the need to provide the most important information in appendices to the balance sheet, statement of financial results, report on the intended use of funds, without which it is impossible to assess the financial position organization or financial results of its activities (clause “b”, clause 6 of the Order of the Ministry of Finance of Russia dated 07/02/2010 N 66n, clause 26 of the Information of the Ministry of Finance of Russia dated 06/29/2016 N PZ-3/2016);

Articles, comments, answers to questions: Targeted financing on the balance sheet

A Guide to Corporate Litigation. Issues of judicial practice: Withdrawal of a participant from a limited liability company In accordance with the expert opinion of Yulex Audit LLC No. 1 dated March 12, 2012, information in the balance sheet of the developer about the amount of target funds received from participants in shared construction is disclosed in the balance sheet as of 09/30/2010 in line 640 “Deferred income” is incorrect. In the 4th quarter of 2010, the company disclosed this information in line 660 “Other short-term liabilities” correctly. Taking this into account, the value of the company's net assets as of December 31, 2010 is RUB 6,471,000. Tax Guide. Practical guide for filling out the Report on the targeted use of funds. For this line, non-profit organizations reflect information about the funds of targeted financing used for the acquisition of non-current assets, the amount of which increased the indicator of line 1360 “Real estate and especially valuable movable property fund” in section. III “Targeted financing” of the Balance Sheet (note 4 in Appendix No. 4 to Order of the Ministry of Finance of Russia dated July 2, 2010 N 66n, clause 35 of Information of the Ministry of Finance of Russia PZ-1/2015).

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Line code for target funds in a simplified balance sheet

PBU 4/99, notes 1, 2 in Appendix No. 5 to Order of the Ministry of Finance of Russia dated July 2, 2010 No. 66n). Non-profit organizations that have the right to use simplified accounting methods, including simplified accounting statements (clause 6.1 of Order of the Ministry of Finance of Russia dated July 2, 2010 N 66n) can generate a Report on the intended use of funds in a simplified form.

Line 6100 “Balance of funds at the beginning of the reporting year” of the simplified form of the Report on the targeted use of funds This line provides data on the balance of funds for targeted financing at the beginning of the reporting year (clause.

27 Information of the Ministry of Finance of Russia PZ-1/2011).

Section “Received funds” of the simplified form of the Report on the targeted use of funds This section provides information on the receipt of funds for targeted financing (clause.

27 Information of the Ministry of Finance of Russia PZ-1/2011).

The concept of targeted financing

Definition 1

Targeted financing is a type of assistance to an enterprise that is provided by various organizations or the state at the expense of budget funds for the implementation of certain programs.

Targeted financing programs can be of various types:

1. Social development of a region or an individual enterprise.
2. Programs that promote economic growth.
3. Innovative development programs.
4. Investment programs.
5. Environmental conservation programs.
6. Programs for the development of foreign economic activity.
7. Programs to eliminate the consequences of natural disasters.

When preparing a target program, the essence and nature of the problem for the solution of which targeted funding is allocated are taken into account. The programs also indicate the timing of the program, the stages of its implementation and a list of all necessary resources to fulfill the program’s objectives (monetary, labor, material). If the implementation of the program requires the participation of third-party organizations, then such target program must indicate such participants and the degree of their participation in the implementation of the project.

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Reflection of targeted financing in the accounting and balance sheet of the enterprise

The enterprise to which targeted financial assistance was sent must, in a certain order, reflect all transactions for receiving and spending funds in the appropriate accounts.

The procedure for recording targeted financing transactions is contained in:

• For tax accounting - in the Tax Code of the Russian Federation.
• For accounting – in PBU 13/2000 “Accounting for state aid”

Note 1

In addition, certain elements of accounting for funds from targeted financing are taken into account by separate regulations. For example, the procedure for reflecting targeted financing in reporting is regulated by PBU 4/99 “Accounting statements of an organization.”

First of all, to take into account targeted financing, the organization needs to determine the classification of such financing according to the areas of financing. For example, this could be a classification in the context of:

• areas of financing (social, economic, innovative, to cover losses, to eliminate consequences, etc.)
• deadlines for the implementation of target programs (short-term, long-term).
• other signs of using targeted financing

Sources of targeted financing are also subject to classification. For example:

• state at the expense of budgetary funds;
• various foundations or public organizations4
• private individuals;
• foreign investors;
• etc.

This classification of elements and objects of targeted financing must be approved in the accounting policy of the enterprise, since it directly affects the formation of the enterprise’s balance sheet.

Note 2

The balance sheet of an enterprise reflects the balances of property, liabilities and equity of the enterprise as of a certain reporting date. Targeted financing is reflected in the balance sheet of the enterprise, taking into account a number of features. Despite the fact that the chart of accounts for accounting for targeted financing provides for account 86 from the “Capital and Reserves” section, such financing is reflected as liabilities in the organization’s balance sheet.

When concluding an agreement for targeted financing, the following entry is generated in the company’s accounting:

D-t 76 K-t 86

When using targeted financing funds, from the credit of account 86, these funds are written off to the debit of the corresponding accounts. Thus, when forming the balance sheet of an enterprise, the funds received for targeted financing are reflected in the income of future periods on the liability side of the balance sheet.

It is important that the costs of targeted financing are identical to the costs stated in the estimates drawn up for target programs.

Previous article Postings of target financing

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Procedure for filling out section III. CAPITAL AND RESERVES balance sheet

Section 3 refers to the liability side of the balance sheet and contains digital indicators characterizing the capital and reserves of the organization, namely:

Authorized capital.

Own shares purchased from shareholders.

Revaluation of non-current assets.

Extra capital.

Reserve capital.

Retained earnings (uncovered loss).

Authorized capital (share capital, authorized capital, contributions of partners) (line 1310) - indicates the amount of the authorized capital of the organization at the end of the reporting period, fixed in the constituent documents.

The balance sheet indicators on line 1310 do not contain information about changes in capital.

The explanation for line 1310 “Authorized capital (share capital, authorized capital, contributions of partners)” of the balance sheet is the Statement of Changes in Capital. The indicator in line 1310 of the balance sheet must correspond to the indicator in the “Authorized Capital” column of the line “Capital Amount as of December 31, 2013.” (line 3300) Statement of changes in capital.

Line 1310 reflects the amount of the authorized capital (share capital, authorized fund) of the organization: Credit balance on account 80 “Authorized capital”

Own shares purchased from shareholders (line 1320) - indicates the amount of the debit balance in account 81 “Own shares (shares)” at the end of the reporting period.

Own shares/shares purchased from shareholders/participants are reflected in the financial statements in the amount of actual costs for their redemption, regardless of the nominal value.

The indicator in line 1320 of the balance sheet must correspond to the indicator in the column “Own shares purchased from shareholders” of the line “Capital value as of December 31, 2013.” (line 3300) Statement of changes in capital.

This indicator is reflected in parentheses.

Line 1320 reflects the value of shares (shares) purchased by a joint-stock (or other business) company from its shareholders (participants): Debit balance in account 81 “Own shares (shares)”

Revaluation of non-current assets (line 1340) – the credit balance is indicated in account 83 “Additional capital”, in terms of revaluation of non-current assets, at the end of the reporting period, taking into account the revaluation carried out as of December 31, 2013.

Revaluation of fixed assets is carried out by recalculating their residual or current (replacement) value (if this object was revalued previously), and the amount of depreciation accrued for the entire period of use of the object (clause 15 of PBU 6/01).

Revaluation of intangible assets is carried out by recalculating their residual value (clause 19 of PBU 14/2007).

Line 1340 reflects the amount of increase in the value of non-current assets identified based on the results of their revaluation: Credit balance on account 83 Additional capital" (in terms of the amounts of additional valuation of fixed assets and intangible assets)

Additional capital (without revaluation) (line 1350) – indicates the amount of the credit balance in account 83 “Additional capital” at the end of the reporting period, minus the amounts of the credit balance formed in connection with the revaluation of assets.

Amounts of additional capital include, for example, the excess of the selling price of shares/shares over their nominal value.

Line 1350 reflects the amount of additional capital of the organization, with the exception of amounts of additional valuation of non-current assets: Credit balance on account 83 “Additional capital” (except for amounts of additional valuation of fixed assets and intangible assets)

Line 1350 reflects the amount of additional capital of the organization, with the exception of amounts of additional valuation of non-current assets: Credit balance on account 83 “Additional capital” (except for amounts of additional valuation of fixed assets and intangible assets)

Reserve capital (line 1360) – indicates the amount of the organization’s reserve capital at the end of the reporting period.

This line reflects the amounts of reserve (and other) funds formed in accordance with the constituent documents and provisions of the current legislation.

In accordance with clause 1 of Article 30 of Law No. 14-FZ “On Limited Liability Companies”, the Company may create a reserve fund and other funds in the manner and in the amounts established by the company’s charter.

In accordance with clause 1 of Article 35 No. 208-FZ “On Joint-Stock Companies,” a reserve fund is created in the company in the amount provided for by the company’s charter, but not less than 5% of its authorized capital.

The reserve fund of the company is formed through mandatory annual contributions until it reaches the size established by the charter of the company.

The amount of annual contributions is provided for by the company's charter, but cannot be less than 5% of net profit until the amount established by the company's charter is reached.

The company's reserve fund is intended to cover its losses, as well as to repay the company's bonds and repurchase the company's shares in the absence of other funds. The reserve fund cannot be used for other purposes.

We recommend that the procedure for creating reserve (and other) funds, as well as the procedure for contributions to these funds, be fixed in the accounting policy for accounting purposes and reflected in the explanatory note to the statements.

The indicator in line 1360 of the balance sheet must correspond to the indicator in the column “Reserve capital” in the line “Capital value as of December 31, 2013.” (line 3300) Statement of changes in capital.

Line 1360 reflects the amount of the organization’s reserve capital, formed both in accordance with the constituent documents and in accordance with the law =

credit balance on account 82 “Reserve capital” (except for special funds for financing current expenses) plus

credit balance on account 84 “Retained earnings (uncovered loss)” (in terms of special funds (except for special funds for financing current expenses))

Retained earnings (uncovered loss) (line 1370) – indicates the amount of retained earnings (uncovered losses) reflected at the end of the year in account 84 “Retained earnings (uncovered loss)”.

The indicator in line 1370 of the balance sheet must correspond to the indicator in the column “Retained earnings (uncovered loss)” in the line “Capital value as of December 31, 2013.” (line 3300) Statement of changes in capital.

The indicator on line 1370 is indicated without brackets if the balance is positive (when reflecting retained earnings) and in parentheses if the result is negative (when reflecting uncovered losses).

Line 1370 reflects the amount of retained earnings or uncovered loss of the organization:

Interim reporting: Balance of account 99 “Profits and losses” plus/minus

balance on account 84 “Retained earnings (uncovered loss)” minus

balance on account 84 “Retained earnings (uncovered loss)” (in terms of interim dividends accrued in the reporting period)

Annual reporting: with balance for account 84 “Retained earnings (uncovered loss)”

Total for section III (line 1300) – indicates the total amount of the organization’s equity capital at the end of the reporting period.

Line 1300 = line 1310 – line 1320 + line 1340 + line 1350 + line 1360 ± line 1370.

The indicator in line 1300 of the balance sheet must correspond to the indicator in the “TOTAL” column of the line “Capital value as of December 31, 2013.” (line 3300) Statement of changes in capital.

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Account 86 in balance

The answer to the question whether account 86 is active or passive depends on the pre-agreed conditions of the subject of financing. The chart of accounts considers account 86 as active-passive. Although most often the balance of the record is of a credit nature. If the allocated funds are overspent, the account may also have a debit balance.

Unspent funds 86 account in the balance sheet will be reflected in the passive part on lines 1450 and 1550. In case of overexpenditure of allocated target funds, asset line 1190 is used, which includes other non-current assets.

Records of the movement of received amounts depend on the nature of the activity of the economic entity.

Account 86 “Targeted financing” posting (example of records of a commercial organization):

• Dt 76 - Kt 86 - an agreement arose on the need to use targeted assets;
• Dt 10, 50, 51 - Kt 76 - materials, cash resources and other assets were capitalized as target accounting;
• Kt 20, 26 - Kt 10 - received materials are taken into account as part of other expenses.

Funds received from the budget can be immediately recorded in accounts with the appearance of appropriate entries, for example:

• Dt 50, 51 - Kt 86 - monetary assistance credited.

How to close an 86 account?

The result of the use of targeted funds is reflected in the debit of account 86. The generated entries will depend on the nature of the transactions and the current accounting policy. The posting of property and materials that were received within the specified conditions in commercial enterprises is reflected by the following entries:

• Dt 86 - Kt 98 - assets received are considered as deferred income;
• Dt 60 - Kt 51 - allocated amounts were spent as repayment from suppliers for the valuables provided;
• Dt 10 - Kt 60 - materials delivered to the arrival;
• Dt 20 - Kt 10 - writing off materials as expenses;
• Dt 91 - Kt 20 - closing an expense account.
• Dt 98 - Kt 91 - target assets received are reflected as other income.

Using targeted funds, non-profit organizations can cover their costs directly:

• Dt 86 - Kt 20, 26 - receipts are directed to the expenses of the organization.

In addition, the acquired assets can increase additional capital:

• Dt 86 - Kt 83 - use of invested funds by a non-profit entity.

How is account 86 closed at the end of the year? If the received assets cannot be used in full, the balance of the targeted financing will be taken into account as a liability on the balance sheet. In a situation where less funds were required to complete a task than were allocated, the organization takes into account the remaining money as other income: Dt 86 - Kt 91. Depending on the current terms of the contract, a refund may be made: Dt 86 - Kt 51.

Analytical accounting of assets, the receipt of which is associated with targeted financing, must be maintained for each source of income. If necessary, subaccounts are opened for account 86.

Capital and reserves

• Purpose of the article: displaying information about the availability of funds in the company’s additional fund. Exception: revaluation of a company's non-current assets.
• Line in the balance sheet: 1350.
• Account numbers included in the line: account credit balance 83.

Line 1350 of the balance sheet displays information about the amount of additional capital of the organization.

According to the current legislation, the main sources of its formation are identified:

• procedure for revaluation of non-current assets - increasing their initial value when bringing the value of property to market prices, for example, to attract additional financing for activities;
• the positive difference between the nominal value of a joint stock company's own securities and the price of their sale to shareholders is the organization's share premium.

Note from the author! According to the federal law on joint stock companies, the minimum size of the authorized capital of public companies is 100 thousand rubles; for non-public companies the minimum threshold is 10 thousand rubles. Any change in the size of the authorized capital is considered only after full payment of the initial amount.

In addition to joint stock companies, share premiums may arise from limited liability companies in cases where the shares of the founders are sold at a higher nominal value.

• Acceptance of targeted financing funds into the company's accounting records, the receipt of which is aimed, for example, at the purchase of fixed assets necessary for the successful functioning of the company, etc.
• positive exchange rate differences that may arise when revaluing assets and sources of their formation, expressed in foreign currency for the operation of a company abroad, into Russian rubles.
• positive exchange rate differences that may arise during the formation of the authorized capital of a company, when the founders or shareholders of the organization contribute their share in foreign currency and the exchange rate on the date of official registration of the size of the authorized capital is lower than the exchange rate on the day of the actual contribution of funds by the founder of the company;
• additional contributions of the founders of limited liability companies to the property of the company without changing the initially established size of the authorized capital.

Line 1350 of the balance sheet belongs to the section Capital and reserves of the passive part of the balance sheet: information on credit 83 of the account should be reflected here - the amount of additional capital formed at the enterprise as of December 31 of the current year, the previous one and the previous one.

Something to keep in mind! Line 1350 displays the incomplete size of the organization's additional fund. That part of the capital that is formed through the revaluation of the company’s non-current assets is recorded in line 1340 of the balance sheet. In this regard, in-depth monitoring of the sources of fund formation is necessary.

Since this fund is formed as an additional fund, the funds are not used in the main activities of the organization. The formation of additional capital is necessary in the following cases:

• making a decision to increase the authorized capital of the organization using the additional fund;
• repayment of the decrease in the price of non-current assets resulting from the revaluation procedure;

• negative exchange rate differences that may arise when revaluing assets and sources of their formation, expressed in foreign currency for the operation of a company abroad, into Russian rubles;
• negative exchange rate differences that may arise during the formation of the authorized capital of a company, when the founders or shareholders of the organization contribute their share in foreign currency and the exchange rate on the date of official registration of the size of the authorized capital is higher than the exchange rate on the day of the actual contribution of funds by the founder of the company.

Common entries for transactions with an additional fund formed in the organization

1. Formation of the company's additional fund:
   Dt01 Kt83 – due to positive revaluation of non-current assets.

   Dt75 Kt83 – due to share premium arising from a positive difference between the sale price of securities to shareholders and their nominal value. Also, this accounting entry serves as a reflection of positive exchange rate differences on deposits of the company’s founders, which are denominated in foreign currency.

   Dt86 Kt83 – at the expense of funds received for targeted financing of the organization’s activities.

2. Spending of the company's additional capital:
   Dt83 Kt80 – making a decision to increase the authorized capital of the organization at the expense of the company’s own assets, incl. means of additional capital.

   Dt83 Kt75 – use of fund funds to pay off emerging obligations when settling accounts with the founders, for example, when reducing the size of the authorized capital. Also, this entry in accounting is a reflection of negative exchange rate differences on contributions from the founders of the company, which are denominated in foreign currency.

Accounting for capital and reserves

Line 410 “authorized capital” reflects the authorized (share) capital in the amount recorded in the organization’s constituent documents and is reflected in accounting as a credit balance in account 80 “Authorized capital”.

The authorized (share) capital is a valuation of the contributions invested by the owners (participants, founders) in the organization’s property, and determines the minimum amount of the company’s property that guarantees the interests of its creditors.

The size of the authorized capital must correspond to the amount recorded in the organization’s constituent documents and be no less than the amount established by the legislation of the Russian Federation for organizations of various forms of ownership.

Reflection in accounting and reporting of data on an increase or decrease in the size of the authorized capital is carried out on the basis of amendments to the constituent documents of the organization and their registration.

The line “Own shares repurchased from shareholders” reflects the actual costs of the organization to repurchase its own shares from shareholders, i.e. debit balance on account 81 “Own shares (shares)”. The redemption amount is reflected in parentheses and reduces the authorized capital indicator.

Line 420 “Additional capital” reflects the credit balance of account 83 “Additional capital”.

Additional capital reflects the sources of increase in the value of the organization's non-current assets as a result of their revaluation, as well as the amount of share premium, which is the excess of the market value of the distributed shares over their par value.

Additional capital also includes exchange rate differences associated with the formation of the authorized (share) capital of the organization, and targeted funds that were spent by the non-profit organization to finance long-term investments.

Analytical accounting for account 83 “Additional capital” is carried out according to the sources of formation and directions of use of additional capital; in the working chart of accounts it is advisable to maintain sub-accounts:

• “Increase in property value due to revaluation”;
• "Share premium";
• "Other supply".

Additional capital in the form of share premium and other income is a component of the organization's invested capital.

Line 430 “reserve capital” reflects the credit balance in account 82 “Reserve capital”. Reserve capital is part of the accumulated capital of the organization. The source of formation of reserve capital for organizations of all legal forms is retained earnings.

Reserve capital is intended to cover losses, repay the company's bonds and repurchase the company's shares in the absence of other funds. This balance sheet item is deciphered as follows: separate lines show the amounts of reserves formed in accordance with the law and reserves formed in accordance with the constituent documents of organizations.

Source: https://velereya.ru/kapital-i-rezervy/

Postings to account 86 using an example

Let’s say that Stromex LLC received subventions in March 2021 in the amount of:

• 1,200,000 rub. — for the purchase of production equipment;
• 2,000,000 rub. — for current expenses (targeted work according to the approved estimate).

Until the end of 2021, funds from the state budget went to:

• equipment, RUB 1,500,000, useful life 10 years;
• purchase of materials, 250,000 rubles;
• remuneration for employees involved in targeted activities, RUB 150,000;
• social insurance, 39,000 rubles;
• materials released into production (in fact), 170,000 rubles.

Table of entries for accounting for subventions in account 86:

Assignment of codes and numbers

Codes for certain lines must be indicated in a certain column. It is worth noting that codes are needed mainly so that statistical authorities can combine information presented in different types of balance sheets into one whole. The codes are mandatory to fill out when the balance sheet being compiled must be transferred to state executive structures with further use of information on them.

In a situation where the balance sheet is prepared for a quarter or other reporting period, in order for it to be considered at internal meetings for the purpose of introducing the state of affairs or analyzing the company’s activities, it is not necessary to fill in the code lines, since they do not carry any responsibility in this case no functions.

Line coding is performed only if this reporting documentation is submitted to government agencies and is not an obligation for the internal preparation of reporting balances. Since financial statements are submitted to the tax authorities only once a year, the coding applies only to annual balance sheets.

Useful video about filling out your balance from scratch:

How to decrypt strings

In order to understand how the process of deciphering codes line by line is carried out, it is worth understanding that not a single code is a simple set of numbers. This is a code for a certain type of information.

1. The first value confirms the fact that this line relates specifically to the main type of accounting statements, or rather, to the balance sheet, and not to another type of reporting documents.
2. The second digit indicates which section of the asset the amount belongs to. For example, a unit indicates that the amount belongs to non-current assets.
3. The third figure serves as a certain indicator of the liquidity of this resource.
4. The fourth digit is initially equal to zero, adopted in order to provide some detailing of the items according to their materiality.

For example, deciphering line 1230 of the balance sheet is accounts receivable.

For a liability, decoding occurs according to the same principle as in the situation with an asset:

• The first digit indicates that it belongs specifically to the balance sheet for the year.
• The second figure demonstrates that this amount belongs to a separate section of the liability column.
• The third number indicates the urgency of the obligation.
• The fourth value is adopted for detailed perception of information.

The total liability is line 1700, which is the sum of line 1300 of the balance sheet, 1400 and 1500.

So, the process of deciphering the codes line by line in the balance sheet occurs on the basis of Appendix No. 4 to 66 Order of the Ministry of Finance. The structure of the codes themselves has a certain meaning. It is important to navigate the very structure of the balance sheet, or rather, its sections and articles.

The procedure for filling out the balance sheet in a simplified form. Example - Audit-it.ru

Bursulaya T. D. , leading auditor of RIGHT WAYS LLC

Simplified balance

Small businesses can submit reports using simplified forms. They are given in Appendix No. 5 to Order of the Ministry of Finance of Russia dated July 2, 2010 No. 66n.

The main criteria for classifying firms as small businesses are the number of employees and the firm’s revenue over the last two years. The number of employees should not exceed 100 people per year, and revenue should not exceed 400 million per year (Clause 1, Article 4 of the Federal Law of July 24, 2007 N 209-FZ).

Thus, small businesses can submit financial statements in a simplified manner, namely:

– simplified balance;

– simplified statement of financial results.

The procedure for filling out a balance sheet in a simplified form

You need to start filling out the balance from the header part, the so-called header. It contains all the same data as in the usual form: name of the company, type of activity, legal form or form of ownership. You can also draw up a simplified balance sheet in thousands or millions of rubles.

In the simplified form of the balance sheet, there are significantly fewer sections and indicators than in the standard form: five indicators in the asset and six in the liability. Their values ​​must be given for three years as of December 31.

The first indicator in the simplified balance sheet asset is line 1150 “Tangible non-current assets”. This line of the balance sheet contains information on the residual value of fixed assets, as well as data on unfinished capital investments in fixed assets.

The next line “Intangible, financial and other non-current assets” reflects information on intangible assets, research and development results, exploration assets, profitable investments in tangible assets, deferred tax assets and other non-current assets. This line can combine information from seven regular balance lines at once: 1110, 1120, 1130, 1140, 1160, 1180 and 1190.

Please note: in the enlarged lines of the balance sheet, you must put the code of the indicator that has the greatest share in this indicator (clause 5 of Order of the Ministry of Finance of Russia dated July 2, 2010 N 66n).

For example, if in the line “Intangible, financial and other non-current assets” the majority of the total indicators are represented by intangible assets, then it is necessary to enter code 1110, but if the results of research and development - then 1120.

How to fill out each of the lines of the simplified balance sheet is written in the section dedicated to the regular balance sheet, so here and further we will not review filling out these lines.

The next two lines: “Inventories”, “Cash and cash equivalents” both by name and line codes correspond to lines 1210 and 1250 of the standard balance sheet.

Next is the line “Financial and other current assets”. It is intended to reflect information about current assets, with the exception of inventories, cash and cash equivalents.

It reflects accounts receivable from customers, VAT amounts on purchased assets, cash and short-term financial investments (with a maturity not exceeding 12 months), as well as other current assets of the company.

Depending on the materiality of the indicator, this line may be assigned one of the codes: 1220 “VAT on acquired assets”, 1230 “Accounts receivable”, 1240 “Financial investments (except for cash equivalents)”, 1260 “Other current assets”.

In the last line of the balance sheet asset - 1600 “Balance” - enter the total amount of all balance sheet asset items.

The simplified balance sheet liability consists of six lines. The first line “Capital and reserves” indicates the aggregate data reflected in section. III “Capital and reserves” of the usual form of balance sheet.

The next two lines reflect information about long-term liabilities. Line 1410 “Long-term borrowed funds” indicates information about loans and borrowings whose repayment period exceeds 12 months.

Line 1450 “Other long-term liabilities” is intended to reflect all other liabilities whose maturity exceeds 12 months.

The next three lines are intended to reflect short-term liabilities (the maturity of which does not exceed 12 months).

In line 1510 “Short-term borrowed funds” enter data on loans and borrowings, and in line 1520 - accounts payable. For all other liabilities, line 1550 “Other short-term liabilities” is intended.

In the last line of the liability balance 1700 “Balance” indicate the amount of all liability items.

If your company needs to explain some indicators of the balance sheet and income statement, then you also need to draw up explanations for them.

They need to provide only the most important information, without which it is impossible to assess the financial condition of your company.

As financiers indicated in the Information “Accounting statements of small businesses”, it is advisable to indicate in the explanations, for example:

– provisions of accounting policies that are necessary to explain the procedure for forming the balance sheet and income statement (what method of accounting for income and expenses the company uses; whether deferred income tax is taken into account along with current tax, facts of prospective changes in accounting policies or prospective recalculation when correcting significant errors, etc.);

– data on significant facts of economic life that are not disclosed by the balance sheet and financial performance statements. This may be information about significant transactions with owners (founders), such as accrual and payment of dividends, contributions to the authorized capital, etc.

Please note: small companies have the right, as before, to submit accounting (financial) statements in the usual forms. In this case, it is necessary to comply with the general requirements for accounting statements, which are established by PBU 4/99 “Accounting statements of an organization.”

Submission of simplified reporting forms is a right, not an obligation of companies. It is better to consolidate your decision in the accounting policy.

Example. Filling out the balance sheet

The LLC, registered in 2015, applies a simplified taxation system. The indicators of the accounting registers as of December 31, 2015 are shown in the table.

Table

Balances (Kt - credit, Dt - debit) on the accounting accounts as of December 31, 2015

Based on the available data, the accountant compiled a balance sheet for 2015 in a simplified form:

Since the company was registered in 2015, in the last two columns of each balance sheet form there are dashes instead of indicators.

We will give explanations on filling out balance lines.

Assets

the indicator for line 1110 “Intangible assets” as follows: the credit balance of account 05 is subtracted from the debit balance of account 04.

In total we get 96,660 rubles. (RUB 100,000 – RUB 3,340). All values ​​on the balance sheet are in whole thousands, so line 1110 shows 97.

The indicator of line 1150 “Fixed assets” is defined as follows: debit balance of account 01 – credit balance of account 02. Result – 579,960 rubles. (RUB 600,000 – RUB 20,040). 580 is recorded in the balance.

In line 1170 “Financial investments” the debit balance of the account is entered 58 - 150 thousand rubles. (that is, it is considered that all investments are long-term).

Total for summary line 1100: 827 thousand rubles. (97 thousand rubles (line 1110) + 580 thousand rubles (line 1150) + 150 thousand rubles (line 1170)).

Now it’s the turn of current assets. The value of line 1210 “Inventories” is defined as follows: debit balance of account 10 + debit balance of account 43. Total – 107 thousand rubles. (17 thousand rubles + 90 thousand rubles).

The indicator in line 1220 “Value added tax on acquired assets” is equal to the debit balance of account 19, therefore the accountant added 6 thousand rubles to the balance sheet.

The indicator for line 1250 “Cash and cash equivalents” was found by adding the debit balance of account 50 and the debit balance of account 51. The result is 265 thousand rubles. (15 thousand rubles + 250 thousand rubles). The line contains 265.

Total for summary line 1200 : 378 thousand rubles. (107 thousand rubles (line 1210) + 6 thousand rubles (line 1220) + 265 thousand rubles (line 1250)).

The final line 1600 shows the sum of the indicators of lines 1100 and 1200. That is, 1205 thousand rubles. (827 thousand rubles + 378 thousand rubles).

The remaining lines of column 4 are filled with dashes.

Thus, in a simplified balance sheet:

The cost of fixed assets is 580 thousand rubles. The accountant reflected it under the item “Tangible non-current assets”. The specified line code is 1150.

Intangible assets (97 thousand rubles) are shown in the line “Intangible, financial and other non-current assets”. This also includes financial investments (the accountant considered that they are all long-term) in the amount of 150 thousand rubles.

The final line indicator is 247 thousand rubles. (97 thousand rubles + 150 thousand rubles).

Since the share of financial investments in the indicator is greater than the share of intangible assets, the line code is set to 1170 (for the indicator “Financial investments”).

The “Inventories” line contains the same indicator that the accountant calculated for the general balance sheet form, since the rules for calculating and filling out this line are the same. That is, 107 thousand rubles are reflected in this line. And the code was set to 1210.

The line “Cash and cash equivalents” includes only cash in the amount of 265 thousand rubles. The line code is 1250.

Of the current assets that were not reflected in the above balance sheet lines, the value added tax remained, so the accountant entered its amount (6 thousand rubles) in the line “Financial and other current assets” (line code - 1260).

The final indicator of the asset division (line 1600) is equal to the sum of completed lines 1150, 1170, 1210, 1250 and 1260.

Passive

And now the balance sheet liability. Authorized and reserve capital, as well as retained earnings are reflected in one line “Capital and reserves”. The line amount is 210 thousand rubles. (50 thousand rubles + 10 thousand rubles + 150 thousand rubles). The line code is assigned to the indicator that has the largest share in the aggregated indicator. This is retained earnings. Therefore, the line code is 1370.

Next is accounts payable (short-term) debt. A special line has been allocated for it, in which the code 1520 is entered. The amount is 995 thousand rubles. turned out like this:

credit balance of account 60 + credit balance of account 62 + credit balance of account 69 + credit balance of account 70. Result – 995 thousand rubles. (150 thousand rubles + 506 thousand rubles + 89 thousand rubles + 250 thousand rubles).

In the remaining lines of column 3 of the liability there are dashes, since there are no indicators to fill out. In column 2 it is permissible to do the same. Or you can specify the code corresponding to the indicator, which is what the accountant did.

The total indicator of the liability section (line 1700) is equal to the sum of lines 1370 and 1520.

Let's compare the indicators of lines 1600 and 1700. In both lines the value is 1205 thousand rubles. The balance is correct, which means the form can be considered filled out correctly.

Source: https://www.audit-it.ru/articles/account/reporting/a2/865891.html

Reflection of targeted financing in financial statements

The Appendix to the Order of the Ministry of Finance of Russia dated July 22, 2003 No. 67n “On Forms of Accounting Reports of Organizations” provides samples of accounting reporting forms, including a sample balance sheet form. At the same time, the balance sheet form does not provide a special line for targeted financing.

According to Order No. 67n, organizations can take these samples into account when developing and adopting (approving by administrative document) their forms of accounting statements based on the specifics of their activities.

The procedure for reflecting targeted financing in financial reporting forms is different for commercial and non-profit organizations.

Commercial organizations, according to paragraph 20 of PBU 13/2000, show received budget funds in the Balance Sheet in Section V “Short-term liabilities” on line 640 “Deferred income” or they can be shown as a separate line. Other targeted funds are also shown by commercial organizations in sections IV or V of the balance sheet as long-term or short-term liabilities.

A non-profit organization must be guided by paragraph 13 of the Instructions on the procedure for drawing up and submitting financial statements, approved by Order No. 67n. Instead of the groups of items “Authorized capital”, “Reserve capital” and “Retained earnings” given in the sample forms, a non-profit organization should include the item “Targeted financing” in the balance sheet.

Income from the use of targeted financing funds, recognized in accounting account 91 “Other income and expenses” in accordance with this provision, is reflected in non-operating income of the Profit and Loss Statement (Form No. 2) as assets received free of charge.

Amounts of targeted financing recognized in accounting in previous years as income, but subject to return, are reflected in non-operating expenses of the income statement (Form No. 2) and decoding of individual profits and losses as losses of previous years recognized in the reporting period. year.

In the report on changes in capital (form No. 3), data on the balances of targeted financing and revenues (from the budget, extra-budgetary funds, from other organizations and citizens), their use and balances at the end of the reporting period can be given in the Certificate after the section “Changes in capital” . To do this, the corresponding columns are added to the Help.

The cash flow statement (Form No. 4) reflects the funds received for targeted financing received in cash.

To form the “State Aid” section of the Appendix to the Balance Sheet (Form No. 5), information on budget funds received in the reporting year by type of revenue is used.

The report on the targeted use of funds received (Form No. 6) reflects information on the balances of target funds at the beginning of the reporting year, the receipt of funds by type of income and their expenditure by areas of expenditure for the reporting year and the previous year.

The explanatory note must disclose at least the following information regarding targeted budget financing:

· the nature and amount of budget funds recognized in accounting in the reporting year;

· purpose and amount of budget loans;

· the nature of other forms of government assistance from which economic benefits are directly obtained.

Other forms of government assistance include benefits provided that cannot be reasonably assessed (providing consulting services free of charge, providing guarantees, interest-free loans or loans with a reduced interest rate, etc.), and also cannot be separated from normal business activities (for example , state procurements). Other forms of state assistance are subject to disclosure in the financial statements in an explanatory note if they are significant for characterizing the financial position and financial results of operations (clause 18 of PBU 13/2000).

· conditions for the provision of budgetary funds that were not fulfilled as of the reporting date and the associated contingent liabilities and contingent assets (link to the provision).

You can find out more about issues related to budgetary and targeted financing in the book of JSC “BKR Intercom-Audit” “Budget and targeted financing”.

Targeted financing is funds directed to a company from budgets of various levels, from legal entities and private investors for pre-agreed and strictly defined purposes. Their expenditure must be carried out in strict accordance with the approved budget and for the purpose established by the source of funding.

If the conditions set are strictly fulfilled, the received investments become the company’s own, and failure to fulfill them will entail their return. Let's talk about the features of accounting and reflection of target allocations in the company's reporting.

Line code for target funds in a simplified balance sheet

For reference: The line “Fund for real estate and especially valuable movable property and other target funds”... The line “Fund for real estate and especially valuable movable property and other target funds” and line 1350 “Target funds” are included by non-profit organizations that use a simplified form of the Balance Sheet, instead of the indicator “ Capital and reserves" (note 10 to the Balance Sheet in Appendix No. 5 to Order of the Ministry of Finance of Russia dated July 2, 2010 No. 66n). Line code

“Fund for real estate and especially valuable movable property and other target funds”

is indicated by the indicator that has the greatest share in the indicator of this line (para.

2 clause 5 of the Order of the Ministry of Finance of Russia dated 07/02/2010 N 66n). For example, this line is assigned the code: - 1360, if the fund of real estate and especially valuable movable property has the largest share; — 1370, if reserve and other target funds have the largest share. 3.3.4. Attention Line

Targeted financing in accounting

Usually the following are financed in a targeted manner:

• Design, survey and research work;
• Capital construction;
• Various special campaigns or ongoing activities (for example, repayment of debts to creditors);
• Technical re-equipment of production;
• Reimbursement of expenses incurred.

Investment of targeted funds from any sources is formalized by an agreement that reflects all the conditions that are mandatory for receiving and using financing, as well as defining a clear project framework and methods for controlling spending. These circumstances dictate separate accounting (analytical and synthetic) for each funded project.

Operations on targeted financing and its expenditure are combined on account 86 “Targeted financing” (TF). The credit of account 86 from the debit of account 76 records the receipt of funds, and the debit records their use in connection with the accounts:

• Production (accounts 20, 26) - with funding from NPOs;
• Additional capital (account 83) - with TF in the form of financial investments;
• Deferred income (FPI) on the account. 98 - when financing the acquisition of assets or current costs. Upon expenditure of these funds, the TF amounts attributable to them are transferred to the company’s income (accounts 90/1, 91/1).

Those. The credit balance of account 86 indicates the balance of unused target funds, the credit turnover records the volume of such receipts, and the debit balance indicates their use for planned needs. Basic operations are recorded by records:

Withdrawal of financing is recognized as the formation of accounts payable subject to repayment. In this case, previously recognized income from targeted assistance should be written off as expenses. The amount of repaid financing is credited to the settlement accounts (account 76), and its excess over the balance of the unused amount becomes an expense and is included in losses.

Instructions for filling out simplified financial statements

Before we figure out how to fill out a simplified balance sheet, let’s consider what indicators are involved in forming the values ​​of each line of the balance sheet. Controlling authorities require the presentation of forms with line numbering, so we will fill out the balance using the applicable codes.

The values ​​of lines 1600 and 1700 must be the same, i.e. the balance between assets and liabilities must be maintained. The equivalence of both parts is one of the criteria for correctly filling out the form.

Continuing to master the procedure for filling out simplified financial statements in 2021, let us turn to Form 2 - FRF, which has its own design features - the values ​​of income and expenses from sales are recorded without brackets, other expenses - in brackets. This report also focuses on line numbering: