Новый тренинг Сергея Модерова - МСФО и US GAAP - сравнение и выбор для компании

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Новый тренинг Сергея Модерова - МСФО и US GAAP - сравнение и выбор для компании

Вы можете заказать проведение корпоративного тренинга на тему сравнения стандартов МСФО и US GAAP для компании - по тел +7 921 9450055 или smoderov@mail.ru у Сергея Модерова, АССА, опытного тренера по МСФО, консультанта и аудитора

1. Определение целей подготовки финансовой отчетности по стандартам, отличным от российских стандартов бухгалтерского учета (РСБУ).
2. Структура нормативных документов МСФО и ГААП США
2.1 Нормативные (регламентирующие) документы МСФО
­ Международные стандарты бухгалтерского учета (International Accounting Standards, IAS);
­ Международные стандарты финансовой отчетности (International Financial Reporting Standards, IFRS);
­ Обязательные приложения к стандартам (Appendixes);
­ Интерпретации стандартов, принятые постоянным Комитетом по интерпретации МСФО (International Financial Reporting Committee);
­ Руководство по применению стандартов (Applying IFRS Solutions);
­ Национальные стандарты и отраслевые методики в случае, если они не противоречат концепции МСФО.
2.2 Регламентирующие документы ГААП США (структурное деление)
­ Стандарты и интерпретации FASB, мнения APB, бюллетени AICPA, материалы SEC.
­ Отраслевые руководства по учету и аудиту AICPA, положения AICPA, технические бюллетени FASB.
­ Технические бюллетени AcSEC, общее мнение EITF.
­ Интерпретации и общеотраслевые инструкции AICPA.
­ Разъяснение проблемных вопросов AICPA; концептуальные отчеты FASB; МСФО; прочие бухгалтерские положения.

3. Представление финансовой отчетности. Основные характеристики и отличия.
4. Изменения в учетной политике
5. Учет и отражение в отчетности:
­ Запасов
­ Основных средств
­ Нематериальных активов
­ Отражение обесценения активов
­ Инвестиций в зависимые и дочерние компании
6. Какие стандарты выбрать. Проблемы и тенденции внедрения международных стандартов аудита в России

EXPECTED LOSS MODEL ON WAY – FUTURE IMPORTANT CHANGE IN PRINCIPLES OF IFRS’s. By Sergey Moderov, ACCA

Новости, Пресса о МСФО и их применении в России, Семинары Comments Off

EXPECTED LOSS MODEL ON WAY – FUTURE IMPORTANT CHANGE IN PRINCIPLES OF IFRS’s. By Sergey Moderov, ACCA

There needs to be a faster movement towards the use of expected losses rather than incurred losses, says the International Accounting Standards Board (IASB). ‘After the outbreak of the crisis, our current impairment model, which was based on incurred losses, was criticised for being too little, too late,’ IASB chairman Hans Hoogervorst said. ‘We think that this criticism was partially justified. The fact that the market capitalisation of many banks is far belov their book value is an indication that market participants do not believe that their current level of provisions reflect economic reality.’ The IASB and US Financial Accounting Standards Board ‘are well on our way to completing an expected loss model’, said Hoogervorst.

Order high-end consultancy on IFRS financial statements – call +7 921 9450055 – Sergey Moderov, ACCA, St-Petersburg IFRS trainer, auditor and consultant smoderov@mail.ru

Edelman joins IASB – Important information on Management of IFRS’s issuing body – IASB. By Sergey Moderov, ACCA

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Edelman joins IASB – Important information on Management of IFRS’s issuing body – IASB. By Sergey Moderov, ACCA

Martin Edelmann, a member of the German Accounting Standards Board from 2006 until 2011, has been appointed as a member of the International Accounting Standards Board. Edelmann is a former managing director and head of group reporting at Deutsche Bank, where he was responsible for internal and external reporting activities between 1997 and 2011 - including overseeing the bank’s conversion from US generally accepted accounting principles to International Financial Reporting Standards. He was also chairman of the Accounting Working Group of the German Banking Association from 2004 to 2011.

Order high-end consultancy on IFRS financial statements – call +7 921 9450055 – Sergey Moderov, ACCA, St-Petersburg IFRS trainer, auditor and consultant smoderov@mail.ru

Japan to adopt limited IFRS standards- How IFRS’s are applied in the world

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Japan to adopt limited IFRS standards- How IFRS’s are applied in the world. By Sergey Moderov, ACCA
Japan’s Financial Services Agency has announced that it will adopt limited International Financial Reporting Standards (IFRS). The FSA remains committed, it said, to further voluntary adoptions. One key consideration was that Japan regards IFRS as designed for economies dominated by capital markets, whereas Japan and many other Asian countries operate with different market and economic structures. The decision was taken after the FSA commissioned a review on the impact of IFRS on Japan’s economy conducted by Tomo Suzuki, the professor of accounting at Oxford University’s Said Business School.

Order high-end consultancy on IFRS financial statements – call +7 921 9450055 – Sergey Moderov, ACCA, St-Petersburg IFRS trainer, auditor and consultant smoderov@mail.ru

Конференция по МСФО в Санкт-Петербурге. С участием Сергея Модерова, АССА - 27 Сентября 2012 года. Регистрация доступна сейчас

МСФО в строительстве, Новости, Пресса о МСФО и их применении в России, Семинары, Составление финансовой отчетности по МСФО за 2009-2014 Comments Off

Конференция по МСФО в Санкт-Петербурге. С участием Сергея Модерова, АССА - 27 Сентября 2012 года. Регистрация доступна сейчас

Конференция по МСФО в Санкт-Петербурге
27 Сентября 2012 (Четверг) 10.00 – 14.00
Гостиница Нептун, Зал Амфитеатр (3 этаж), Санкт-Петербург, Наб. Обводного канала 93 А

На конференции по МСФО выступит Сергей Модеров, АССА, который предоставит информацию о технических вопросах и проблемах, связанных с применением МСФО в регионе (Россия, страны СНГ), в том числе:

• Новости Совета по международным стандартам финансовой отчетности: продвижение к принятию новых и изменению имеющихся стандартов, планы по развитию
• Российские финансы - что необходимо учесть в применении МСФО
• Технические аспекты: новое в финансовых инструментах

Техника применения Международных стандартов финансовой отчетности
Техническая секция будет проведена Сергеем Модеровым, АССА, и будет являться форумом, рассматривающим основные проекты изменений стандартов, в том числе:

1. Признание выручки
2. Аренда для арендодателей
3. Аренда для арендополучателей
4. Мифы о стоимостной оценке в финансовой отчетности (первоначальная, справедливая, амортизированная, остаточная, справедливая «за вычетом затрат на продажу», ликвидационная и др.)
5. Изменение Концептуальных Основ МСФО
6. Развитие комплекта стандартов МСФО для малого и среднего бизнеса
Секции по специальным интересам
Секции по специальным интересам предоставят уникальную возможность обсудить в деталях темы, связанные с первым применением международных стандартов и с применением недавно принятых новых МСФО, которые становятся обязательными к применению с 01 января 2013 года

1. Первое применение МСФО:
Эта секция по специальным интересам предоставит впервые применяющим МСФО возможность обсудить специфические вопросы, возникающие в связи с первым применением.

Внедрение недавно принятых МСФО:
Две секции будут сфокусированы на вопросах, связанных с влиянием недавно выпущенных МСФО на финансовую отчетность, и будут предоставлять возможность обсудить связанные с этим темы более детально:

2. МСФО (IFRS) 10 «Консолидированная финансовая отчетность» (Consolidated Financial Statements), Раскрытия информации – Сальдирование финансовых активов и финансовых обязательств (Offsetting Financial Assets and Financial Liabilities), являющиеся изменениями к МСФО ( IFRS) 7, а также МСФО (IFRS) 12 Раскрытие информации об инвестициях в другие компании (Disclosure of Interests in Other Entities)

3. МСФО (IFRS) 13 Оценка справедливой стоимости (Fair Value Measurement)

Регистрация - бесплатно. Пожалуйста, вышлите свои контактные данные на эл. адрес conference@ipp.spb.ru или smoderov@ipp.spb.ru. Альтернативным образом Вы можете зарегистрироваться по факсу +7 812 7033008 с пометкой «для Сергея Модерова, АССА»

IFRS Conference in St-Petersburg. Conference led by Sergey Moderov, ACCA - 27 September 2012. Available for registration now

Новости, Пресса о МСФО и их применении в России, Семинары Comments Off

IFRS Conference in St-Petersburg. Conference led by Sergey Moderov, ACCA - 27 September 2012. Available for registration now

IFRS Conference in St-Petersburg
27 September 2012 (Thursday) 10.00 – 14.00
Hotel Neptun, Amphitheatre Hall, 3rd floor, Nab. Obvodnogo Kanala 93A

At this IFRS conference, the speaker panel will feature Sergey Moderov, ACCA, who will cover specific technical issues affecting the region, including:

• IASB update: progress and plans
• Russian finance considerations in applying IFRSs
• Technical update: financial instruments

Technical break-out sessions
Technical break out sessions conducted by Sergey Moderov, ACCA, will provide a forum to discuss major projects on the IASB’s active agenda in more detail including:

1. Revenue recognition
2. Leases: Lessee (Part 1)
3. Leases: Lessor (Part 2)
4. Measurement myths
5. Conceptual Framework
6. The IFRS for SMEs
Special interest sessions
Special interest sessions will provide a unique opportunity to discuss in detail topics related to the first-time adoption of IFRSs and the implementation of recent new IFRSs that become mandatory from 1 January 2013.

1. First-time adoption of IFRSs:
This special interest session provides first-time adopters of IFRSs with the opportunity to discuss specific questions on first-time adoption.

Implementing recent IFRSs:
Two separate sessions will focus on issues relating to the impact of recently issued IFRSs on the financial statements and provide the opportunity to discuss related issues in depth:

2. IFRS 10 Consolidated Financial Statements, Disclosures—Offsetting Financial Assets and Financial Liabilities (Amendments to IFRS 7) and IFRS 12 Disclosure of Interests in Other Entities

3. IFRS 13 Fair Value Measurement

Registration is free of charge. Please write your contact detail to conference@ipp.spb.ru or smoderov@ipp.spb.ru. Alternatively send a fax to +7 812 7033008 attn. Sergey Moderov, ACCA

St-Petersburg local IFRS Audit services

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The Institute for Enterprise Issues (‘IPP’ from Russian)
Large audit and consulting company based in St-Petersburg (Russia)
First started British ACCA’s tuition in North-West Russia (second in Russia) – in 2003
Experience in working with Russian and international clients
Membership in Kreston International
IPP is a full member of international network of independent audit and consulting firms Kreston International (headquartering London, UK), being 7th largest audit network in Russia in 2011
Kreston International is a member of IFAC’s Forum of Firms
Kreston International won ‘Rising star award’ in 2012 by International Accounting Bulletin
International Financial Reporting

IPP is the most experienced recognized IFRS services provider in the North-West
Services include audit of IFRS reports, transformation from RAS to IFRS and automation of IFRS
IPP organized most popular Russian IFRS web resources, namely www.ifrs-audit.ru and www.ifrs.su

IPP rankings
Audit and Consulting Group the Institute for Enterprise Issues (hereinafter IEI) is a largest audit and consulting company of the North-West of Russia*, and is among the leaders in its field in Russia,** which is confirmed by the ratings of leading rating agencies.
*magazine «Expert «North-West» №13 (509) dated 4 April 2011
** magazine «Expert» №12 (795) dated 26 March 2012
For IFRS audit projects
Mr. Sergey Moderov, ACCA, Head of IFRS department, quality controller at the Institute of Professional Auditors of Russia, quality controller at Kreston International +7 921 9450055 smoderov@ipp.spb.ru

Most common adjustments to financial statements

Пресса о МСФО и их применении в России Comments Off

Below listed the most common adjustments to be made when preparing an statement of financial position and statement of comprehensive income, especially along with transformation from local countries’ accounting standards into IFRS

Below you can find how to treat the main possible adjustments, including:
• inventory/stock
• accruals and prepayments
• interest
• depreciation
• bad debts and allowances for receivables/debtors.

The most important point, which must be understood at the outset, is that all these adjustments have an impact on both the income statement/ profit and loss account and in the balance sheet. If the trial balance balances, your answer must balance, and therefore any changes to the trial balance must balance. Having said that, it is more important to complete the question within the time allowed, without spending time on getting the balance sheet to balance.

INVENTORY/STOCK

This is a fairly familiar adjustment. The cost of goods sold consists of opening inventory plus purchases, minus closing inventory. The closing inventory is thus a deduction (credit) in the income statement/trading account, and a current asset (debit) in the balance sheet.
The ledger account behind the adjustment causes problems for some candidates. This is how the inventory/stock account will look at the time the trial balance is being prepared. The entry is the transfer from the income statement for the closing inventory of the previous year (figures invented):

Inventory/stock
2004 $
31 Dec Income statement 38,000

In the current year, last year’s closing inventory is this year’s opening inventory. It must be transferred out to this year’s income statement, before the entry for the new closing inventory is made:

Inventory/stock
2004 $ 2005 $
31 Dec Income statement 38,000 31 Dec Income statement 38,000
2005 $
31 Dec Income statement 38,000

Questions requiring the preparation of financial statements will always give you the closing inventory/stock figure. However, there will sometimes be a requirement to adjust it to allow for damaged or slow-moving items. IAS 2, Inventories and SSAP 9, Stocks and Long-term Contracts both require inventories/stock to be included at the lower of cost and net realisable value. It may therefore be necessary to reduce the given figure to reflect a net realisable value below cost for the items detailed.

ACCRUALS AND PREPAYMENTS

The income statement/profit and loss account has to include the expenses relating to the period, whether or not they have been paid. The figures in the trial balance will usually be the amounts paid in the period, and they need adjusting for outstanding amounts and amounts paid which relate to other periods to obtain the income statement charge.
Unpaid balances relating to the period should be included in the balance sheet as current liabilities. If the expense has been paid in advance, the amount prepaid is included in the balance sheet as a current asset. In the income statement/profit and loss account, the total expense is needed with a working showing the detail. Don’t show two figures in the outer column for the same expense heading. For example, the trial balance shows:

$
Wages 136,000
Insurance 4,000

At 31 December 2005, wages owing amounted to $3,800, and insurance paid in advance was $600. This is presented as follows:

Income statement/profit and loss account
Wages (136,000 + 3,800) 139,800
Insurance (4,000 - 600) 3,400
Balance sheet
Current assets
Inventory/stock
Receivables/debtors
Prepayments 600
Cash
Current liabilities
Trade payables/creditors
Accruals 3,400

Candidates are expected to note that only half the loan interest has been paid, and accrue for the other $4,000. Examiners generally indicate in some way that the loan stock/debentures have been in issue for the whole year if they want this adjustment to be made. Second, the interest is a current liability and the loan stock/debentures are a non-current liability. Present them appropriately and don’t combine them.

DEPRECIATION

Depreciation is a slightly more complex adjustment. Depreciation spreads the cost of non-current/fixed assets fairly over assets’ useful lives, so that a charge against profit appears in the income statement/profit and loss account each year.

Methods of depreciation
There are two main methods of depreciation which are tested in basic level examinations:
• straight line method - a percentage of cost (or cost less residual value) is charged each year
• reducing balance method - a percentage is charged on the written down value (cost less accumulated depreciation to date).

Depreciation policies
Some businesses adopt a policy of charging a full year’s depreciation in the year the asset was purchased, and none in the year of its sale. Others take proportionate depreciation for the number of months of ownership of the asset in the year. The first requirement, therefore, is to read the question carefully to find out what has to be done for each non-current/fixed asset.

Income statement/profit and loss account
The current year’s depreciation charge is calculated and appears as an expense. Do not include the accumulated depreciation. The accumulated depreciation is the total depreciation charged during an asset’s life (assuming no revaluation) and as such previous costs will have been charged against profits in earlier periods.

Balance sheet
The balance sheet shows the cost, accumulated depreciation (the figure in the trial balance plus the current year’s charge from the income statement), and net book value. The easiest way to present this is as a table, as follows (figures invented):

Cost $ Accumulated depreciation $ Net Book Value $
Buildings 800,000 80,000 $ 720,000
Plant and equipment 390,000 260,000 130,000
Motor vehicles 210,000 100,000 110,000
1,400,000 440,000 960,000

Workings may have to be shown separately to explain the build-up of the figures.

The underlying ledger accounts
It would be possible to use just one account for each non-current/fixed asset, showing cost and depreciation. However, they are usually kept separate, in order to present the separate figures in the balance sheet as shown above. This results in (figures invented):

Plant and machinery - cost
$ $
Balance brought down 360,000 Balance carried down
Cash 30,000
390,000 390,000
Balance brought 390,000
Plant and machinery - accumulated depreciation
$ $
Balance carried down 260,000 Balance brought down 221,000
Income statement 39,000
260,000 260,000
Balance brought down 260,000

Notes
The trial balance would have contained the debit balance of $360,000 cost, and the credit balance of $221,000, for the accumulated depreciation at the beginning of the period. The inclusion of the current year’s charge increases the credit to $260,000.
A third account is required to handle disposals. When a non-current/ fixed asset is sold, the cost and accumulated depreciation relating to the asset are transferred out of the accounts to a disposal account. The proceeds of sale are credited to the account, and the balance on the account is then the profit or loss on the sale, to be transferred to the income statement/profit and loss account.

BAD DEBTS AND ALLOWANCE FOR RECEIVABLES/DEBTORS

These adjustments probably cause most difficulty for candidates in an examination.

Bad debts
Writing off a bad debt means taking a customer’s balance in the receivables/sales ledger and transferring it to the income statement as an expense, because the balance has proved irrecoverable. There are two separate exam possibilities here:

• bad debts appear as an item in the trial balance. This means the debts have already been written off. In other words, receivables/ debtors have already been reduced. All that is necessary is to put the figure in the income statement/profit and loss account as an expense
• bad debts appear as an adjustment outside the trial balance. Two entries are now needed. The amount goes into the income statement as an expense and is deducted from the receivables/debtors figure in the balance sheet.


Allowance for receivables/debtors

This allowance is set up in order to include a realistic value for receivables/debtors in the balance sheet, without actually writing off the debt. The balance is left in the receivables/sales ledger so that collection procedures continue, but the receivables/debtors in the balance sheet are valued as if the amount is not to be recovered. The trial balance shows:

This means that the business already has an allowance, taken from the income statement/profit and loss account in previous years. If nothing more is to be done, this should show in the balance sheet, under current assets:

Dr $ Cr $
Trade receivables/debtors 180,000
Allowance for receivables/debtors 4,000

Alternatively, if preparing a company balance sheet for publication, it should show:
$ $
Trade receivables/debtors 180,000
Less : Allowance for receivables/debtors 4,000 176,000
Trade receivables/debtors (180,000 - 4,000) 176,000

The figures in brackets are a working, not part of the balance sheet. Continuing the example, it is more likely that the question will require the allowance to be adjusted. Let us say that the allowance is to be increased to $5,400. Given that there is already $4,000, $1,400 should be taken out of this year’s income statement/profit and loss account. The result is:

Income statement/profit and loss account

Remember that it is only the increase or decrease in the allowance that goes into the income statement/profit and loss account

Balance sheet

$ $
Trade receivables/debtors 180,000
Less: Allowance for receivables/debtors 5,400 174,600

The underlying ledger accounts
There are several ways of dealing with bad debts, and allowances for receivables debtors, in ledger accounts. One way is to have both in one account. However, for examination purposes, it may be easier to have two accounts, one for debts written off and one for the allowance:

$
$ Increase in allowance for receivables/debtors 1,400

Bad debts (figures invented)
$ $
Transfers in from receivables/sales ledger 18,500 Income statement /profit and loss account 18,500
18,500 18,500
Allowance for receivables/debtors (using figures above)
$ $
Balance carried down 5,400 Balance brought down 4,000
Income statement/ profit and loss account 1,400
5,400 5,400
Balance brought down 5,400

Bad debts recovered
Sometimes, a debt written off in one year is actually paid in the next year - a debit to cash and a credit to bad debts recovered. The credit balance on the account is then transferred to the credit of the income statement/ profit and loss account (added to gross profit or included as a negative in the list of expenses). This is better than crediting the recovery to the bad debts account, because that would obscure the expense from bad debts for the year.

Источник: Student Accountant January 2006

Information Required for Due Diligence

Новости Comments Off

I. Core Business
1. Overview:
A. Products / services / market share
B. Organization structure and staffing levels
C. Operational strengths / weaknesses

2. Operations:
A. Supply budget documents for current and past year, including cost and margin projections
• Include expenditures for advertising, promotions, etc.
B. Determine size of installed base by customer segment
• List top twenty clients / customers
C. Discuss dependence on major customers
D. Explain sales processes and cycles for strategic alliances
E. Marketing strategy:
• Key target markets (list by priority)
• New products / extensions development
• Key success factors

3. Market Position:
A. Market size, growth rate, maturity and saturation
B. Top competitors (existing or expected within three years)
C. Differentiators / competitive advantages
D. Regulatory issues
E. Major emerging industry trends
F. Strengths / weaknesses
G. Problems / opportunities
H. Reputation / image / awareness
П. Finance, Controllership and Accounting

1. Income Statements (Historical):

Provide and discuss the following:

A. Sources of revenue and revenue recognition policies
B. Gross margins, operating margins, and net margins
C. Cost of sales, marketing, SG&A, corporate overhead and other expenses
D. Fixed price versus cost plus contracts - percent of business represented by each
E. Major trends, contracts, competitive factors, technological changes (including impact on profitability)
F. Tax rate and tax liability exposure (tax credits, foreign tax rates, foreign tax credits, deferred taxes)
G. Indicate any foreign exchange management practices if any
H. Quality of earnings
• Changes in accounting and reporting
• Book/tax differences
• Discretionary or temporary reductions of expenses (-e.g. Advertising)
• Reversals of reserves or normal operating expenses charges to reserves
• Extraordinary, catch up adjustments, changes in estimates, restructuring charges, or other unusual or non-recurring charges or credits (including normal operating charges)
• Year-end adjustments
• Non-operating income and expenses

2. Cash Flow Statements and Financing (Historical):

Provide and discuss the following:

A. Sources and uses of cash
B. Capital expenditures
C. Depreciation and amortization policies and schedules
D. Net working capital requirements
E. Financing arrangements

3. Balance Sheet (Most Current):

Provide and discuss the following:

A. Cash and cash equivalents
B. Major Accounts Receivable and Accounts Payable C. Normal and special credit terms
D. Have all appropriate accruals have been made (consider timing of large usual payments which will need to be made)
E. Acceleration of payments of liabilities as a result of this transaction
F. Significantly out of balance accounts
G. Contingent liabilities (consider accounting and potential cash flow implications)
• Unasserted claims, litigation, guarantees, etc.
• Disputed taxes, etc.
• Contingencies related to leases, purchase commitments, etc.
• Indicate any remaining obligations for businesses sold or disposed of
H. Receivables management practices (account concentration, collections, quality, reserves, doubtful accounts, write-off history, recoveries, overdue accounts, aging analysis, receivable policy)
I. Fixed-asset summary (type, location, date of acquisition, appraisals, encumbered state)
J. Long-term liabilities
K. Deferred liabilities
L. Pre-paid and accrued accounts
M. Warranties and obligations under existing contracts
N. Reserves and customer claims
O. Off-balance sheet assets
P. Allocation of corporate overhead information
Q. Other
• Conflict of interest policies and related party transactions
• Differences in interim reporting practices
• Indicate whether accounting policies and practices are liberal, conservative, or middle of the road
R. Projected Financial Data (Minimum Three Year Pro Forma)
Provide explanations for all significant deviations from historical trends

1. Business Plan:

Provide and discuss the following:

A. Income Statements ‘
B. Balance Sheets
C. Cash Flow Statements
D. Consolidated financial statements
E. Business segment data
F. Summary of major contracts (existing and expected)

1. Income Statements:

Provide and discuss the following:

A. Cost savings potential and revenue synergies
• Corporate SG&A
• Business segment SG&A
• Other cost savings potential
• Potential revenue synergies (for Gateway) from current contracts
B. New service development programs
C. Competitive and/or technological changes assumed

1. Balance Sheets:

Provide and discuss the following:
A. Estimated changes in major accounts
B. Fixed-asset changes
C. Current liabilities
D. Debt covenants / change of control implications

1. Cash Flow Statements:

Provide and discuss the following:

A. Investment needs
B. Financing needs
C. Capital expenditures requirements
D. Planned depreciation and amortization schedules
E. Book and tax lives of assets
F. Net cash-generating capacity

5. Funding:

A. Provide a listing of derivatives, by counter-party, and a copy of the contract of each agreement.
• Interest rate swaps
• Currency swaps
• Caps
• Floors
• Collars
• Other soptions

6. Financial Reporting Organization:

A. Staffing
B. Organization
C. Data processing facilities
• Host systems
• LAN systems
• Software
• Sales support systems
• Order entry systems
D. Financial reporting structure (collection and dissemination of data) E. Government account procedures, if applicable F. Audit staffing (internal and external) G. Accounting controls H. Cash management system

IV. Human Resources

1.-General:

A. Resumes of management and key technical personnel
B. Severance policy
С. Organizational charts
D. Organization structure additions/changes required to meet future growth projections
E. Description of current workforce (age, gender, years of service, turnover); persons on leave of absence, maternity, or other “protected status”
F. Number of full time, part time, temporary, contractual, or lease employees
• List of all locations and the number of people in each one, including branch and field offices and personnel
• List of all countries in which the company is currently operating or has an affiliated relationship with
G. Copy of all available job descriptions and data related to job groupings
H. List any ongoing training initiatives and the vendors that supply the training-, indicate if there are copyright agreements
I. Succession plan
J. Board of Directors roles and responsibilities
K. Structure/process which governs any changes in policies and practices
L. Copy of any handbooks/policy manuals pertaining to employment practices
M. Culture/employee survey used? If so, provide most recent results
N. Summary of manpower by discipline, education, salary distribution, length of service
O. Employee contracts summary and side letter agreements
P. Turnover statistics summary

2. Benefits:

A. Details of all employee plans covering affected employees (explain employee and company contributions):
• Medical
• Dental
• Vision
• Life
• 401K
• Retirement
• Holidays
• Vacation days
• Sick or emergency leave
• College gift matching program
• Merit scholarship program

3. Retirement Plans:

A. Copy of plan booklets and other communications to employees
B. Copy of plan and trust documents including all amendments and board resolutions
C. Copy of most recent IRS determination letter
D. Copy of IRS form 5500 for most recent 5 years (including schedule В attachment and plan financial statements certified by accountants)
E. Copy of PBGC premium filings for most recent 5 years
F. Copy of any applicable insurance contract s) and latest insurance company report(s)
G. Copy of actuarial reports for most recent 5 years
H. Pension footnote disclosure for most recent 5 years ^
I. Listing of plan participants and, if available, employees not participating. Employees sorted by classes of employees (salaried, hourly, commissioned, salesmen, deferred vested terminees, retirees)
J. A statement identifying any outstanding requests for plan information from participants
K. Accrued benefit information on each employee
L. Indication of who administers plan (e.g.. Consulting firm, bank, or company itself)
M. Representations and warranties regarding (a) actual, anticipated or threatened litigation involving plan; (b) operational compliance with applicable laws, etc.

4. Investment Incentive Plans:

A. Copy of plan booklets and other communications to employees
B. Copy of plan and trust documents including all amendments and board resolutions
C. Copy of most recent IRS determination letter
D. Copy of IRS form 5500 for most recent 5 years (including financial statements certified auditors)
E. Copy of any applicable insurance contracts) and latest insurance company report(s) (e.g., A guaranteed income contract)
F. Report of the investment experience of the trust fund and the administrative costs charged to the fund
G. List of plan participants. Employees sorted by classes of employees (salaried, hourly, commissioned, deferred vested terminees, retirees) H. Most recent contribution allocation run and code information necessary to decipher same

5. Group Benefits:

A. A statement identifying any outstanding requests for plan information from participants B. Account balance information on each employee C. Indication of who administers plans , D. Insurance policies/contracts
• Complete and current copy of all group benefit policies and contracts for administrative service arrangements
• Identification of any benefit changes which have occurred during the most recent 3 years and the effective dates of such changes E. Company costs:
• A current list of monthly premium billing rates for each group benefit plan and copy of latest premium statements, if applicable
• List of premium rates in effect for the past 2 years and effective dates of any changes (increases and decreases)
• List of any overdue premiums relating to grace period under contracts
F. For each group benefit plan, copy of any insurance company renewal reports for the last 3 years. If not available, statement listing total premiums paid, claims paid, reserves, and retentions by year
G. For each group benefit plan, monthly contributions paid by employer and/or employees
H. Copy of plan booklets and other communications to employees
I. Federal government reports:
• Copy of 5500 ’s for most recent 5 years
• Names and locations of any health maintenance organizations (HMO’s) that provide medical
services to any employees J. Names and addresses of all brokers, consultants, and agents for each group benefit plan
K. Indications of what, if any, post-retirement coverage is provided and how funded or otherwise accounted for (also see retiree medical)
L. Information on any funding vehicles used (e.g., VEBA)

6. Retiree Medical:

A. Copy of plan booklets and other communications of employees
B. List of plan participants including active, disabled and retired
C. Information on plan changes, changes in cost-sharing arrangements (including retiree contributions, deductibles and stop loss), and claims rates for most recent 3 years
D. Recent estimates ofFAS 106 liabilities and expense

A. Non-Qualified Retirement Plans:

A. Copy of booklets and other communications to executives
B. Copy of plan documents
C. Copy of any insurance contracts and reports
D. Information of any funding vehicles (e.g., Rabbi trust)
E. List of plan participants
F. Accrued benefit/account balance information

8. Compensation:

A. Organization charts showing all key exempt positions, by department
B. List of all exempt and non-exempt salaried employees by position, salary grade and range, current salary, and bonus/incentive/commission earnings, including salary and extra compensation history for the last 3 years; summary data for employees earning less than $50,000 per year
C. Copy of all compensation plans, or written summaries of them, including administrative regulations
D. Assessment of compensation position versus market (base and total earnings analysis); provide supporting data if available
E. Payroll practice & administration; include controls, use of outside bureaus and service agreements with such bureaus
F. Details of working hours including description of practices related to flex-time, overtime policy and payments
G. List of outstanding claims (for example: vacation accruals, sickness)
H. Copy of job evaluation plan, or a summary of how the plan works
I. Copy of all current salary or wage ranges
J. Description of the salary planning/merit budgeting process
K. Copy of salary and/or wage administration guidelines covering salary/wage increase practices
L. Indication of whether or not current descriptions exist for all jobs
M. Copy of deferred compensation arrangements (including information on any funding vehicles such as Rabbi Trust or COLI) and employment and consulting contracts or agreements
N. Guidelines for company car eligibility and use; indication of how many company cars exist
O. Employee loans
• Employee name
• Position
• Data and amount of loan
• Purpose of loan
• Repayment terms
• Current outstanding balance
• Security
P. Company-paid memberships
Q. Description of all equity participation plans including amounts by person. Include options/restricted stock/phantom plans. Describe vesting provisions and accrual methodology/bookings and any recent amendments. Describe any stock purchase plans.
R. Description of executive perquisites
S. Executive physical examination program
T. Salary continuation plan
U. Financial counseling program
V. Any other compensation plans or arrangements, and names of participants
W. Describe compensation practices for the leased employees
X. Describe payroll processes
Y. Any changes pending to compensation practices? If yes, please give details.
Z. Describe practices for expatriate compensation, if applicable. Give relevant detail for any individuals located outside the United States
AA. Describe any plans, contracts, or commitments which would be impacted by a change in ownership
BB. Describe any special severance or parachute plans

9. EEO:

A. Copy of most recent EEO-1 report(s)
B. Brief summary of any pending discrimination or wrongful termination charges or lawsuits
C. Identification of any affirmative action plan audits during prior 10 years (including audits in progress)

10. HR Legal Issues:

A. Copy of all management contracts by person
B. Sample copy of employee offer letters and contracts
C. Copy of all confidentially/non-compete/consulting/recruiting agreements
D. Any document outlining the “rights of workers” (collective agreement, etc.); Description of all associated communication and decision making processes (assessment of current climate)
E. Lists of all persons departing employment within the past 18 months; the rationale and settlement reached, if appropriate
F. Disclosure of any conflict of interest situations (for example: persons owning stock in suppliers or customers)
G. List of any litigation underway related to employment other than EEO
H. Identify and summarize all employment related litigation, including administrative charges, active or occurring within the last 24 months
I. Information pertaining to any open issues on FMLA/ADA/OSHA J. Describe any organizing campaigns or attempts in the last 18 months

11. HR Systems:

A. Description of existing system(s) for maintaining employee data, including software, hardware, outsourced systems and paper systems

12. Policy Manuals:

A. Copy of personnel and procedures manuals

13. Mandatory Employment Costs:

A. The dollar amount of the most recent full year “FICA” withholding tax
B. The dollar amount of the most recent full year federal unemployment insurance tax and an indication of the claims experience for the most recent two years
C. Any other state/local payroll taxes - for the most recent full year
D. The dollar amount of any workers compensation premium or other contribution, preferably for the most recent 3 years, but at least for the most recent year

14. Sourcing of Talent:

A. Describe the process of sourcing candidates for the talent pool
B. How are individuals sourced?
C. How are individuals screened?
D. Describe the interview process/methodology
E. What is the profile of the ‘average’ placement candidate by segment?
F. Describe the turnover within the talent pool
G. Describe the testing and reference checking processes for evaluation of applicants. For testing tools, provide information about validation.
H. Describe your branch structure and sourcing methodology as compared to the benchmark of your competition I. Given your affiliated sourcing mechanisms, describe the current capacity/saturations of the relevant sources

IV. Legal

A. Review all board and shareholder minutes
B. Review the company’s articles of incorporation and bylaws
C. Review all agreements relating to securities of the company, including purchase agreements, stockholders’ agreements, registration rights agreements, voting agreements, rights of first refusal and all other relevant agreements
D. Review key intellectual property agreements and any issues requiring financial quantification
E. Review other intellectual property issues including patents, claims, licenses, trademarks, etc.
F. Review any security filings and compliance requirements
G. Review tax filings and compliance requirements
H. Review outsourcing contracts and agreements
I. Review customer related contracts, agreements, bids, GSA, warranties, service contracts, etc.
J. Review export related requirements
K. Review government related agreements including grant assistance
L. Review all government investigations
M. Review all litigation

VI. Technology

1. Systems:

A. Review current IS environment including hardware, software, networking and telecommunications
B. Review IS planning process, project and project capital requirements
C. Review long-term IS strategy
D. Review procedures for Y2K compliance

2. Environment Questions

A. What environment is the solution hosted on?
B. What is the underlying database used in production?
C. How do you manage redundancy?
D. How do you manage failures?
E. How do you manage rollbacks?
F. What is your history of failures?
G. How often does the system fail?
H. How much manual intervention is required when the system fails?
I. What does it take, from a resources perspective, to operate this?
J. Is there a separate production and development environment?
K. Development effort to maintain the current system?
V’ Where is the current system in development right now?
M. What is the maintenance effort for the current system?
N. Project management in place?
O. What is the process for managing change?
P. When is the next redesign scheduled for?
Q. How do you measure customer satisfaction?
R. What tools do you have in place to measure customer sat?
S. What tools do you have in place to measure performance and throughput?
T. Will this scale to support the number of hits and potential user base Gateway brings?
U. What is the discipline you use to manage development?

3. GUI

A. How do you generate HTML?
B. What is the browser standard you designed to (IE or Navigator)?
C. How do you maintain session and state? (Cookies or Hidden Fields)

4. Architecture

A. What are the components of your architecture?
B. Do an architectural walkthrough
C. What was your capital plan for 1999?
D. What is the capital plan for 2000 IT to get the business to $ ?
E. What do you anticipate the needs if growth is to get to $1 billion?

5. Scalability

A. What is your capacity model?
B. How do you gage capacity?
C. What metrics do you use to gage capacity and growth?
D. What measures are you using/developing for future scalability?
E. What is the measured throughput of the environment?
F. How many transactions occur daily? Weekly? Monthly?
G. What are the volumes? Volumes? Volumes?
H. When are the heaviest volumes?
I. How many hits to the web site are measured?

6. Data Management

A. How is information, at the catalog level, stored?
B. How are items selected from the catalog?
C. How is information in me catalog maintained?
D. How do you add items?
E. How do you remove items?
E. How to you change prices on an item?
G. Do you have an underlying data model?

7. Security

A. What are the categories of users in the system?
B. Who has authorization to make changes?
C. What information is tracked on the visitor to the site?
D. What is the secured transaction method?

8. Development Environment

A. Tools used to develop the solution?
B. Tools used to test the solution?
C. Formal methodology used to develop system?
D. What were the system development plans for 1998?
E. Did you meet those objectives?
F. Where did you miss?
G. How did you accommodate gaps in development? ,
H. How did the business view on time delivery? Acceptable? Excellent?
I. What functions were not completed as a result of the effort?
J. Formal documentation of system requirements?
K. Were contractors used to build the system?
L. How many developers do you have?
M. What are their skills inventory?
N. How many testers do you have?
O. What third party software is used in the application?
P. Are their existing licensing agreements for third party software?

9. Site Information Management

A. Does the environment support change detection notification?
B. How is the information collected?
C. Where is the information stored?
D. How is this information used?
E. Do you bill for advertising?
F. Ever used hyperlinks to other sites?

10. Integration

A. What back end systems do you currently integrate with?
B. Do you have an established API for integration with other backend systems?
C. Does your API enable extensibility? Support for information we need that they don’t deliver or they need that we don’t deliver.
D. Is customer information stored in a standard format for sharing?

11. Infrastructure

A. What type of environment is this run on? Windows NT or UNIX
B. What types of Network Cards? Intel Pros?
C. What type of router are you running?
D. What type of messaging system are you running, if any?
E. Single name in the DNS address with multiple IP addresses?
F. What is the amount of database processing do you have?
G. How is the infrastructure organized? Web servers to data servers?
H. Use FCAL - Fiber Channel Loop?

СОСТАВЛЕНИЕ ФИНАНСОВОЙ ОТЧЕТНОСТИ ПО МСФО ЗА 2009 г.: КАКИЕ РОССИЙСКИЕ И МЕЖДУНАРОДНЫЕ СТАНДАРТЫ ИСПОЛЬЗОВАТЬ

Пресса о МСФО и их применении в России Comments Off

С В. МОДЕРОВ,
руководитель отдела финансового учета по международным стандартам Института проблем предпринимательства, г. Санкт-Петербург

Статья дает сопоставление российских стан¬дартов бухгалтерского учета МСФО. Пользуясь приве¬денной в статье таблицей, составитель финансовой отчетности за 2009г. имеет возможность увидеть название и реквизиты аналога российского правила в МСФО. Таким образом, составитель финансовой отчетности имеет возможность сэкономить время на подготовку финансовой отчетности и получить дополнительную уверенность в соответствии своей работы МСФО. Статья рекомендуется практикам в области МСФО. Все рассматриваемые стандарты актуальны для финансовой отчетности по МСФО за период, оканчивающийся 31 декабря 2009г.
Ключевые слова: международные стандарты финансовой отчетности (МСФО), финансовая отчет¬ность, трансформация.
Составители финансовой отчетности по МСФО российских и зарубежных предпри¬ятий, связанные необходимостью ведения российского учета, вынуждены искать аналоги тре¬бований национальных стандартов в соответствую¬щих стандартах МСФО. Исходя из обнаруженных отличий, производится трансформация финан¬совой отчетности, т.е. удаление методом двойной записи имеющихся отличий между учетами в раз¬вернутой оборотно-сальдовой ведомостью с допол¬нительным раскрытием информации.
Предлагаем инструмент, которой позволит практикующему специалисту сократить время на поиск отличий в национальной отчетности от отчетности, соответствующей во всех существен¬ных аспектах МСФО. Зная номер и требования национального стандарта можно, обратившись к таблице, представленной далее, получить ссылку на номер и название стандарта МСФО, ознако¬мившись с которым, можно принять решение о наличии отличий и об их существенности для отчетности. Далее, рассчитав суммы трансфор¬мационных записей, можно приступать непос¬редственно к трансформации
Таблица соответствия МСФО и РСБУ состав¬лена в целях помощи при составлении финансовой отчетности по МСФО за 2009 г., т. е. в нее включены все стандарты и интерпретации МСФО, которые действовали или были приняты за 2008 г. Именно эти стандарты и интерпретации и действуют для составления отчетности за 2009 г.

Таблица соответствия МСФО и РСБУ

Российский стандарт Название российского стандарта Номер МСФО Название МСФО
ПБУ 19/02 Учет финансовых вложений МСФО (IAS) 32 Финансовые инструменты: раскрытие и предоставление информации
МСФО (IAS) 39 Финансовые инструменты: признание и оценка
МСФО (IFRS) 7 Финансовые инструменты: раскрытие информации
КИМФО (IFRIC) 9 Переоценка встроенных производных финансовых инструментов
ПБУ 17/02 Учет расходов на научно-исследо¬вательские, опытно-конструктор¬ские и МСФО (IAS) 38 Нематериальные активы
ПКИ (SIC) 32 Нематериальные активы — затраты на вэбсайт
ПБУ 18/02 Учет расчетов по налогу на при¬быль МСФО (IAS) 12 Налоги на прибыль
ПКИ (SIC) 21 Налоги на прибыль: возмещение переоценен¬ных неамортизируемых долгосрочных активов
ПКИ (SIC) 25 «Налоги на прибыль: изменение налогового статуса компании или ее
ПБУ 16/02 Информация по прекращаемой деятельности МСФО (IFRS) 5 Необоротные активы, предназначенные для продажи и прекращенная
ПБУ8/01 Условные факты хозяйственной деятельности МСФО (IAS) 37 Резервы, условные обязательства и условные активы
ПБУ 15/01 Учет займов и кредитов и затрат по их обслуживанию МСФО (IAS) 23 Затраты по займам
ПБУ 5/01 Учет материально-производствен¬ных запасов МСФО (IAS) 2 Запасы
ПБУ 6/01 Учет основных средств МСФО (IAS) 16 Основные средства
КИМФО (IFRIC) 1 Изменения в существующих обязательствах по восстановлению окружающей среды и тому подобных обязательствах
ПБУ13/2000 Учет государственной помощи МСФО (IAS) 20 Учет правительственных субсидий и рас¬крытие информации о правительственной помощи
ПКИ (SIC) 10 Правительственная помощь
КИМФО (IFRIC) 12 Соглашения о предоставлении публичных услуг с государством
ПКИ (SIC) 10 Правительственная помощь
ПКИ (SIC) 29 Соглашения о предоставлении публичных услуг с государством: раскрытие информации
ПБУ14/2000 Учет нематериальных активов МСФО (IAS) 38 Нематериальные активы
ПБУ12/2000 Информация по сегментам МСФО (IFRS) 8 Операционные сегменты
ПБУ 11/2000 Информация об аффилированных лица МСФО (IAS) 24 Раскрытие информации о связанных сторонах
МСФО 27 Консолидированная и индивидуальная финансовая отчетность
ПКИ (SIC) 12 Консолидация — компании специального назначения
МСФО (IAS) 28 Инвестиции в ассоциированные компании
МСФО (IAS) 31 Доли в совместных предприятиях
ПКИ (SIC) 13 Совместно контролируемые компании — неденежные вклады со стороны предпри¬нимателей
КИМФО (IFRIC) 2 Доли участия в кооперативах и других по¬добных компаниях
МСФО (IFRS) 3 Объединения бизнесов
КИМФО (IFRIC) 11 МСФО 2: Операции с акциями в пределах Группы или с казначейскими акциями

Российский стандарт Название российского стандарта Номер МСФО Название МСФО
ПБУ 3/2000 Учет активов и обязательств, стоимость которых выражена в иностранной валюте МСФО (IAS) 21 Влияние изменений валютных курсов
ПКИ (SIC) 7 Введение Евро
ПБУ 4/99 Бухгалтерская отчетность органи¬зации МСФО (lAS) 1 Представление финансовой отчетности
ПБУ 10/99 Расходы организации Нет соответствия Частично рассматриваются в следующих стандартах: МСФО (IAS) 1 «Представление финансовой отчетности»; МСФО (IAS) 18 «Выручка»; КИМФО (IFRIC) 13 «Программы повыше¬ния лояльности покупателей»
ПБУ9/99 Доходы организации Нет соответствия Частично рассматриваются в следующих стандартах: МСФО (IAS) 1 «Представление финансовой отчетности»; МСФО (IAS) 18 «Выручка»; ПКИ (SIC) 31 «Выручка — бартерные сдел¬ки, включающие услуги по рекламе»
ПБУ 1/98 Учетная политика организации МСФО (IAS) 1 Представление финансовой отчетности
МСФО (IAS) 8 Учетная политика, изменения в бухгалтерс¬ких оценках и ошибки
ПБУ 7/98 События после отчетной даты МСФО (IAS) 10 События после отчетной даты
ПБУ 2/94 Учет договоров(контрактов) на капитальное строительство МСФО (IAS) 11 Договоры подряда
Федераль¬ный закон OT21.11.1996 № 129-ФЗ. Приказ Мин¬фина России от29.07.1998 № 34-н 0 бухгалтерском учете Об утверждении Положения по ведению бухгалтерского учета и отчетности МСФО (IAS) 1 Представление финансовой отчетности
Нет аналога МСФО (IAS) 29 Финансовая отчетность в условиях гиперин¬фляции
Тоже МСФО (IAS) 36 Обесценение активов
КИМФО (IFRIC) 10 Промежуточная финансовая отчетность и обесценение
МСФО (IFRS) 1 Первое применение МСФО
МСФО (IFRS) 2 Платежи с использованием акций
КИМФО (IFRIC) 8 Сфера применения МСФО 2
МСФО (IFRS) 4 Договоры страхования
МСФО (IFRS) 6 Разведка и оценка полезных ископаемых
МСФО17 Аренда
КИМФО (IFRIC) 4 Определение того, содержит ли договор элементы финансового лизинга
ПКИ (SIC) 15 Операционный лизинг — поощрения ли¬зингополучателей
ПКИ (SIC) 27 Определение сущности сделок, имеющих юридическую форму финансового лизинга
МСФО (IAS) 40 Инвестиционная собственность
МСФО (IAS) 41 Сельское хозяйство
МСФО(1А8)2б Учет и отчетность пенсионных фондов
МСФО (IAS) 33 Прибыль на акцию
МСФО (IAS) 19 Вознаграждения сотрудников
КИМФО(1РК1С) 14 сотрудников МСФО 19: Границы активов пенсионных планов с установленными выплатами, минимальные требования к фондированию планов, а также их взаимосвязь

Для нахождения соответствующих стандар¬тов РСБУ и МСФО можно использовать раз¬личные юридическо-консультационные элек¬тронные системы. Для поиска текстов МСФО рекомендуется использовать официальный сайт Совета по международным стандартам финан¬совой отчетности www.iasb.org. Стоит отметить, что официальная версия МСФО выпускается Советом на английском языке, а также на всех языках стран Европейского союза. Официальной версии МСФО на русском языке по состоянию на сентябрь 2009 г. нет.
Список литературы
1. Сайт в Интернете Совета по международ¬ным стандартам финансовой отчетности — URL:
http://www. iasb.org, раздел публикации.
2. Сайт Министерства финансов Российской Федерации — URL: htfp://www. minfin. ru, раздел публикации.

Источник: Международный Бухгалтерский улет №9 (129) 2009

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