When conducting financial and economic activities, not all operations are performed by accountants strictly as regulated by legislative acts. Sometimes this is due to the inattention of the accountant, sometimes due to ignorance or incorrect reading of the law.

IAS 1 Presentation of Financial Statements is the basis for all IFRS reporting. It establishes general requirements for the presentation of financial statements, contains guidelines for their structure and minimum requirements for content. The goal is to finance

IFRS 1 “Presentation of Financial Statements” We talked about what is meant by International Financial Reporting Standards (IFRS) and who is obliged to apply them in our country. IFRS 1, except for its paragraphs 15-35, does not apply to the structure

Individual organizations have the right to conduct accounting in a simplified form and create simplified financial statements. Such organizations include: small businesses, Skolkovo project organizations and non-profit organizations (except for recognized

Specialists from the Russian Ministry of Finance have issued clarifications that will be useful to accountants of non-profit organizations when preparing financial statements for 2011 (information letter No. PZ-1/2011). Four years ago, financiers issued similar recommendations

Net profit is income taking into account all costs incurred. Net profit is also called net income or net earnings. This indicator gives an idea of ​​​​the profitability of the company after all costs have been paid. When surveying more than