The Inventory of assets and financial obligations of the organization are, as a rule, before filing reports for the year. This procedure has a number of features. Let's consider them in the article.
An inventory of the property of the organization is a complex of measures aimed at the verification and documentary evidence of the availability, condition and cost of material values. Information about them is contained in the relevant documentation. The company planned a special Department, leading accounting. Inventory of property of the organization is preceded by the publication of the relevant order. This document shall state the grounds for the implementation of this procedure, appointed by the Commission. The order also shall specify the deadlines for the execution of works. Inventory of property of the organization can be carried out as scheduled and unscheduled.
The Inventory of assets of the organization are required:
There are various types of stocktaking of assets and liabilities of the organization. For example, procedures may be partial, selective, full, periodic. Meanwhile, to verify the accuracy and completeness of reporting, to determine whether the contents data and primary documentation corresponds to the actual state of Affairs allows a full inventory of the property of the organization. It is mandatory in accordance with clause 7 of the regulations governing the rules of preparation and submission of a final (monthly, quarterly, annual) targets. Inventory of property of the organization, registration of its results are carried out in accordance with the guidelines approved by the Ministry of Finance No. 49 dated 13.06.1995 g.
The Organization of the physical inventory is carried out in relation to wealth, regardless of their location. The procedure applies to inventories and other material resources that do not belong to the company, but are in storage, leased, received for processing and building Inventory held in respect of unaccounted property. The audit shall be conducted at the location of material values. It can be a shop, workshop, production site, laboratory and so on. The order of carrying out inventory of property of the organization includes the following stages:
It needs to be passed in advance to the organization of the inventory of assets was for the employees and responsible persons of a surprise and they would be able to prepare for it. The order shall indicate the composition of the Commission, its Chairman, the objects in respect of which will be the revision and its timing. The document can be in the form set out in the guidance. The order is recorded in the book of control.
As its members, there may be administrative workers, accountants, other professionals who have the appropriate competence and skills for the assessment of liabilities and assets of the enterprise. May not be included in the composition of the Commission responsible entities. In the absence of at least one of the appointed members, the audit results may be invalidated. This is especially true in cases when the organization of the physical inventory is aimed at identifying those responsible for the theft, damage to material assets, check is performed when you change materially responsible persons, and the disclosure of conclusions in court.
With a large number of check objects can be formed working Committee. They are subordinate to the Chairman of the permanent core group of auditors. The tasks of the working commissionsincludes not only checking the status and availability of material values. They are entitled to make proposals to improve the control, storage, receiving, vacation property.
The Organization of the inventory of assets involves the determination of residues of material assets and the existing debts the documents. To this end, the members of the audit Committee examine all account statements, reports on the movement of objects and money. The Chairman should be brought to all the documents which were annexed to the registers. If it is marked with the date of the inventory. It acts as the basis for the determination of residues accounting of material values to the beginning of the procedure.
Before you can make an inventory of the property of the organization, materially responsible employees submit receipts that all expenditure and receipt documentation handed over to the accounting Department or referred to the Commission, and that all received items were capitalized and eliminated – written off. The same paper are persons who are accountable have the amount or power of attorney for the purchase/receiving of material values. The actual availability of the property comply with the mandatory presence of the responsible officials. If change accepted person sign the inventory on receipt. At the time of the inspection, all operations stop. In case of receipt of material assets during an audit, they are placed separately and account for them inventory. If inventory is held for several days, the room with the sealed property.
Usually, it is performed by a continuous method. It involves the recalculation of all values. This process is quite time consuming. The rules of the inventory allowed the application of the simplified verification methods only in exceptional cases. For example, such methods allowed in the audit of goods and materials in unopened manufacturer's container. In this case, the number of objects can be determined on the basis of the accompanying documentation at audit mandatory in nature. In case if the results of the spot check will reveal the discrepancy between the figures reflected in the marking or specifications suppliers, and the actual presence of values, the Commission is obliged to carry out continuous (full) inventory.
An inventory of the obligations of the company represents the reconciliation of data for settlements with the customers/contractors. The audit verified the validity of the occurrence of debt (the primary documentation), the correctness of calculations and formation of the final balance on the date of exercise. If necessary, the Commission may request an act of reconciliation. His data are compared with information from the accounting records of the company.
In instruction No. 25N (Annex 3) sets out separate forms for each object of the audit. Forms of inventories the company has the right to develop independently. In this case, the forms may be additional details and values that take into account the specificity of reporting information on material values and peculiarities of their storage. But in any case, on such forms shall be indicators established by the Appendix 3. In acts and the inventory the inventory contains data on the actual availability of the property and actually recorded obligations. For ensuring the completeness and accuracy of any of the information meets the audit Commission. Each inventory is made at least in 2 copies.
The names of the inventory objects are specified in accordance with the nomenclature and units in the account. On each sheet indicate the number of values (in words) and total number of in physical terms, written on the page, no matter in what quantities (kilograms, pieces, meters, etc.) are shown. Assuming error correction is carried out in all instances by crossing out wrong entries and placing the right on top. While signatures of the Committee members and financially responsible persons. Not allowed to leave records empty boxes. Blank lines on the last pages written. A separate inventory should be prepared on property that is leased, consigned or received for processing. One copy of the document is to be sent to the owner of wealth. On the lastthe page is marked on the inspection of taxiroute, prices, and calculation of results. She is certified by all members of the Commission and materially responsible employees. After the procedure last give a receipt that the inspection was conducted in their presence, they have no claims to the auditors and they have accepted the property for safekeeping.
The Acts and the inventory signed by the members of the audit Commission transferred the accounting Department. It checks the correctness of the calculations and compares the actual data with those statements. In case of detection of deviations of an inventory discrepancy form 0504092. This document should contain the following information:
The Number of copies of statements – not less than 2. Figures should take into account the regrading of values, the amount difference resulting from it. In addition, you should write down losses in the range of normalized values of natural attrition. The results of the audit are recorded in the inventory. For each type of material values are filled in separate form.
In the process inventory used inventory:
Details of the reporting documentation can be recognized invalid, if the inventory was not conducted according to the rules or the results were documented violations of the requirements. It is detected, for example, in cases where the company decides to impose a penalty on financially responsible officer by the court. In support of its position, the organization will have to submit the authorised instance of the inventory documents.
In accordance with the General rule on FNS may not impose on the company a fine for what they were not carried out the audit, despite the existing obligation. The law does not provide for any sanctions for failure to conduct inventory activities. Companies should realize the importance and necessity of the procedure. Because the results of the inventory formed a reliable idea about the status of your assets and existing debts.
Article in other languages:
BE: https://tostpost.com/be/b-znes/27073-argan-zacyya-nventaryzacy-maemasc-etapy-pravyadzennya.html
KK: https://tostpost.com/kk/biznes/26985-yymdastyru-m-l-kt-t-gendeu-tk-zu-keze-der.html
PT: https://tostpost.com/pt/neg-cios/26811-a-organiza-o-de-um-invent-rio-dos-bens-as-fases-de.html
TR: https://tostpost.com/tr/business/27233-organizasyonu-stok-mal-a-amalar-toplant.html
UK: https://tostpost.com/uk/b-znes/26850-organ-zac-ya-nventarizac-mayna-etapi-provedennya.html
Alin Trodden - author of the article, editor
"Hi, I'm Alin Trodden. I write texts, read books, and look for impressions. And I'm not bad at telling you about it. I am always happy to participate in interesting projects."
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