Within the framework of the accounting policy, the procedure for calculating the reserve for the forthcoming vacation payment for the hours actually worked and (or) compensations for unused vacations, including upon dismissal, including payroll management in slough payments for compulsory social insurance, should be determined.

This requirement was in effect before. It followed from the instructions for the use of a unified chart of accounts (approved by order of the Ministry of Finance of Russia dated 01.12.2010 No. 157n).

Now, however, guidelines have been issued to the “Personnel Payments” Standard. According to the recommendations, 3 options are proposed for calculating reserves for the upcoming vacation payment:

Option 1. Methodology for calculating the reserve for the payment of upcoming vacations to staff for each employee based on his average daily earnings.

Option 2. Methodology for calculating the reserve for the payment of forthcoming vacations for the staff of the institution as a whole from the average salary for all employees of the institution.

Option 3. Methodology for calculating the reserve for the payment of forthcoming vacations to personnel based on the average salary calculated for each group of personnel.

An institution, when forming an accounting policy, can choose one of these methods for calculating the vacation reserve.

WHAT TO CONSIDER IN ACCOUNTING POLICIES IN ACCORDANCE WITH THE STANDARD “INTANGIBLE ASSETS”

According to the Standard and methodological recommendations to it, the accounting firm in slough policy should provide for:

  • The procedure for calculating amortization for objects of intangible assets or groups of objects of intangible assets. It can be one of three methods: linear, the method of decreasing balance, proportional to the volume of production;
  • the procedure for determining the cost estimates of intangible assets obtained as a result of non-exchange transactions;
  • the entity’s accepted useful lives of intangible assets;
  • features of the use of primary (consolidated) accounting documents (including electronic) when reflecting transactions on objects of intangible assets;
  • The procedure for conducting an inventory of objects of intangible assets.

The accounting policy can also provide for:

  • an additional off-balance sheet account for accounting for trademarks and service marks created by the forces of the institution, imprints and (or) related trade names, formulas, recipes and expert knowledge and other objects of a similar nature, as well as internally created business reputation;
  • a list of expenses included in determining the initial cost of intangible assets created on their own. Determine on the basis of which primary accounting documents the objects of intangible assets will be accepted for accounting.

LATED PARTY INFORMATION STANDARD

According to the methodological recommendations to the Standard, within the framework of the document flow rules, which are part of the accountancy firm in slough policy, it is permissible to determine the responsible persons and the term for them to submit documents containing analytical information about related parties for its disclosure in the budget (accounting) statements.

The approximate form of the list of related parties for the formation of information for the purpose of drawing up the annual budget (accounting) statements is given in the methodological recommendations.

WHAT TO CONSIDER IN ACCOUNTING POLICIES UNDER THE NON-PRODUCED ASSETS STANDARD

The accounting policy must provide for an off-balance sheet account for accounting for non-produced assets that do not meet the asset criteria. These are objects that do not bring economic benefits to the institution, do not have useful potential and in respect of which no further economic benefits are foreseen.

In general, to account for material assets that do not meet the criteria for an asset, off-balance sheet account 02 “Material assets in storage” is used. A new off-balance sheet account can be entered only by agreement with a higher authority. This follows from the instructions for the use of a single chart of accounts. Therefore, as an option, the accounting policy can provide for account 02 to account for non-produced assets that do not meet the criteria for an asset. This option does not require approval from a higher authority.