Planning. IFRS
IFRS (IAS)
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| Standards | Name | Implementation of Budget-Plan Express |
| IFRS (IAS) 1 | "Presentation of financial statements" | Requirements for content (minimum requirements) and the structure of information in the main financial documents: "Balance Sheet", "Profits and Losses Report", "Statement of changes in equity" (module - Placed equity instruments), "cash flow statement." |
| IFRS (IAS) 2 | Inventory | Sales planning, procurement → inventory accounting. Stock estimation methods: Weighted average cost method, FIFO. The depreciation of inventories is reflected as a provision for impairment (IFRS 37) and in the Adjustment table |
| IFRS (IAS) 7 | "Cash flow statement" | The direct method of drawing up a cash flow statement is used - as the most preferable in IFRS recommendations. -Operating activities (operating activities) are the main revenue-generating activities of the enterprise and other activities. - Investing activities - acquisition and disposal of long-term assets and other investments that do not relate to cash equivalents. - Financing activities (financing activities) - activities that lead to changes in the size and composition of own contributed capital and borrowed funds of the enterprise. Securities can be equated to cash only highly liquid. - Demand deposits are also included in cash and cash equivalents |
| IFRS (IAS) 12 | "Taxes on profit" | The presentation in the financial statements of both the current tax (the obligation to pay which occurred in the current period) and deferred tax (the obligation to pay which will occur in subsequent periods) |
| IFRS (IAS) 16 | "Property, Plant and Equipment" | Classification of fixed assets (depreciation groups), formation of prime cost, reflection of subsequent costs; support for valuation models (at historical cost or revaluation); depreciation of fixed assets: the method of uniform accrual (linear method), the method of decreasing balance, the cumulative method (by the sum of the number of years) and in proportion to the volume of work performed (volume of production); revaluation and impairment (the increase in the value of non-current assets as a result of revaluation is included in additional paid-in capital); disposal of fixed assets; Disclosure of information: deferred taxes Deferred tax asset and Deferred tax liability, non-operating income (expenses), additional expenses with articles |
| IFRS (IAS) 17 | "Lease" | Financial plan → Operating and financial leases. The procedure for calculating leasing payments and scheduling their payments - for financial and operating leases. Reflection of leases in financial statements, depending on the type of lease |
| IFRS (IAS) 18 | Revenue | Gains and losses on disposal of assets. Does not include refundable taxes |
| IFRS (IAS) 21 | "The effect of changes in foreign exchange rates" | The impact of changes in exchange rates in the description of loans. Exchange rate differences (monetary and non-monetary liabilities) are reflected in the PAD and adjustment table |
| IFRS (IAS) 23 | "Borrowing Costs" | Capitalization of borrowing costs incurred in connection with raising funds for acquisition financing |
| IFRS 28 | "Accounting for Investments in Associates" | Profit and Loss statement - "Profit (loss) from participation in associates". Balance sheet - "Investments in associates". Adjustment table - "Investments in Associates" |
| IFRS (IAS) 32 (39) / IFRS 9 | "Financial Instruments: Presentation of Information" ("recognition and measurement") | Shares in subsidiaries, associates and jointly controlled entities. Purchase and sale (revaluation) of financial assets |
| IFRS (IAS) 37 | "Provisions, contingent liabilities and contingent assets" | Financial plan → Reserves for future expenses. The reserves are displayed in the statement of financial position of the organization in a separate line. As short-term obligations are recorded those reserves that are planned to be used in a period of up to a year. The expected value method: the effect of discount on reserves |
| IFRS (IAS) 38 | "Intangible Assets" | Accounting for intangible assets. Revaluation and measurement of book value of intangible assets. Information on intangible assets: purchase, including duties and non-refundable taxes; registration; additional costs that increase the value of the asset; revaluation; write-off of an asset |
| IFRS (IAS) 40 | "Investment Property" | Investment assets → the tab "Investment property" (accounting of income and expenses from operating activities, VAT accounting). Fixed assets and other assets → transfer of asset to investment property (cost accounting, revaluation, disposal) |
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