Balance sheet: essence and value of the balance sheet, requirements in case of creation

1. "Balance sheet: essence and value of the balance sheet, requirements in case of creation "

"Balance sheet:
essence and value of
the balance sheet,
requirements in case
of creation "
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2.

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Departament: Accounting and audit
Teacher: A.A.Baymakhanova
Date: 12.12.2017, 11.30 p.m.
Lecture hall: 408
Group: Accountig and audit -14-1
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3.

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1.
2.
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7.
References:
Country Datasheet: Kazakhstan (KZ). International Budget Partnership. 2006-2012;
Available from: http://internation- albudget.org/
The Lima Declaration. International Organization of Su- preme Audit Institutions.
Available from: http://www.issai. org/media/12901/issai_1_e.pdf
Mills RW. Managerial Finance, Shareholder Value and Val- ue Based Management.
London: Business Associates Ltd; 2013.
Parmenter D. Key Performance Indicators: Developing, Im- plementing, and Using
Winning KPIs. 3rd edition. Hobo- ken: Wiley; 2015.
Royse D, Thyer BA, Padgett DK. Program Evaluation: An Introduction to an EvidenceBased Approach / Boston: Cengage Learning; 2015.
Government extension to PMBOK. New-York: Project Management Institute PMI;
2015.
Hitt MA, Ireland RD, Hoskisson RE. Strategic Manage- ment: Competitiveness and
Globalization. Concepts and Cases. Nashville: South-Western College Pub; 2014.
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4. Key words

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Key words
Financial
Accounting
Balance sheet
Assets
Key words
Liabilities
Equity
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5. The objects of the Balance Sheet

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The objects of the Balance Sheet
is generalized, cost
reflection of enterprise
assets by the end of the
reporting period on
structure and sources of
forming.
is a bilateral table:
- The left part - an
asset;
- Right - a liability.
is constituted based on the
current financial accounting,
i.e. business accounts.
is made at the end of
each accounting period
- month, quarter and
year on the first day of
the next month.
The
balance
sheet
consists 5
sections, the left
side an asset has
2 sections
is the most
informative form
which allows to make
reasoned
management
decisions.
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6. Balance (the French balance – scales)

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Balance (the French balance – scales)
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7.

Name of product
Sum
Name of product
Sum
Cabbage
1 920
Money on the current account in
bank
178 000
Yeast dough
4 585
Gas plate
31 000
Cash on hand
20 560 Flour premium
Building
130 000 Authorized capital
9 290
320 000
Debt behind the Public catering
for pies
4 950
Potatoes pies
Sunflower oil
3 800
Money was given to driver Ivanov
for oil replacement
Cupboard
16 000 Debt to Zerno LLP for flour
8 225
Debt to bank for a short-term loan
35 000 Potato
4 650
Pan
2 300
Profit
74 000 Microbus
Debt to workers for May
5 000
945
200 000
224 225

8.

Fixed assets
Sum
Goods
Sum
Building
130 000 - Finished product
Gas plate
31 000 Potatoes pies
5 000
Microbus
224 225 Total
5 000
Pan
2 300
Cupboard
16 000
Total
221 525 Cash on hand
Money
Sum
20 560
Sum
Money on the current accout in
bank
178 000
Potato
4 650
Total
198 560
Cabbage
1 920
Flour premium
9 290
- Settlings with buyers
Sunflower oil
3 800
Debt behind the Public
catering for pies
Total
19 660 - Settlings with advance holders
Raw materials
Funds in calculations
Unfinished production
Sum
Money was given to driver
Ivanov for oil replacement
Yeast dough
4 585
Total
Sum
4 950
945
5 895

9.

Authorized
capital
Sum
Current accounts
payable
Sum
Authorized
capital
320 000
- Settlements
with suppliers
Total
320 000
Debt to Zerno
LLP for flour
8 225
Profit
74 000
Total
8 225
74 000
- Salaries
calculations
Total
Short-term bank
loans
Sum
Debt to bank for
a short-term loan
35 000
Total
35 000
Debt to kitchen
workers for May
200 000
Total
18 000

10.

Asset
I. Short-term assets
Cash on hand
Cash in current account
Settlements with buyers with
buyers
Settlements with accountable
persons
Raw materials and materials
Finished products
Unfinished production
Total Section I
II. Long-term assets
Fixed assets
Total Section II
Total
Sum
20 560
178 000
4 950
945
19 660
5 000
4 585
233 700
403 525
403 525
637 225
Liability
III. Short-term liabilities
Short-term loans
Settlements with
suppliers
Salaries calculations
Total Section III
IV. Long-term assets
V. Equity
Authorized capital
Profit
Total Section V
Total
Sum
35 000
8 225
200 000
243 225
-
320 000
74 00
394 000
637 225

11.

Account, Name
1010, Cash on hand
1030, Cash in current account
Balance at the beginning
Balance at the end of
Turnovers for the period
of the period
the period
Debit
Credit
Debit
Credit
Debit
Credit
200 000
500 000
1210, Short-term receivables from customers and customers
1251, Short-term debts of accountable persons
1310, Raw materials and materials
1330, Goods
1420, Value added tax
1610, Short-term advances issued
2410, Fixed assets
2420, Depreciation of fixed assets
3010, Short-term bank loans
3110, Corporate income tax payable
3120, Individual income tax
3130, Value added tax
3150, Social tax
3210, Social Security Obligations
3220, Liabilities for pension contributions
3310, Short-term debt to suppliers and contractors
3350, Short-term arrears of wages
3510, Short-term advances received
5030, Deposits and shares
850 000
925 000
820 000
41 436
596 534
700 000
700 000
15 000
4 000
5 000
312 500
37 500
312 500
37 500
40 000
318 200
15 000
200 000
564
37 500
1 620
1 350
3 000
350 000
30 000
211 800
2 500 000
5510, Undistributed profit uncovered loss of the reporting year
855 000
51 106
564
75 000
1 620
1 350
3 000
350 000
30 000
120 000
204 424
5610, Total profit Total loss
625 000
625 000
6010, Revenue from the sale of products and services
625 000
625 000
312 500
4 000
52 970
51 106
4 168 504
312 500
4 000
52 970
51 106
4 168 504
7010, Cost of sales and services provided
7100, Expenses for sales and services
7210, Administrative expenses
7710, Corporate Income Tax Expenses
Total
4 925 000
4 925 000
11 000
845 000
925 000
40 000
2 450 000
2 450 000
490 000
550 000
158 564
723 466
505 000
350 000
51 106
37 500
318 200
331 800
2 500 000
1 059 424
5 153 030 5 153 030

12.

Application 2
To the order of the Minister of Finance
Republic of Kazakhstan
Of August 20, 2010 No. 422
Form 1
Name of the organization _________________ Triumf LLP __________________
Data on reorganization ¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬
___________________________________________
Type of activity of the organization ___________ Trade ______________________
Form of business Limited liability partnership
Reporting form: consolidated / unconsolidated ________________
Annual average number of workers ____________ 5 ______________________
Subject of an entrepreneurship ___________ Average _________________________
Legal address (organizations) ____ Kyzylorda, Kizatov St. 32 ____
BALANCE SHEET
as of December 31, 2016
one thousand tenges

13.

АSSETS
1
At the
At the end of
Code of a
beginning of
the reporting
line
the reporting
period
period
2
3
4
010
011
012
013
014
015
016
017
018
019
100
101
882,0
700,0
I. Short-term assets
Cash and cash equivalents
Available-for-sale financial assets
Derivative financial instruments
Financial assets at fair value through profit or loss
Financial assets held to maturity
Other short-term financial assets
Short-term trade and other receivables
Current Income Tax
Inventory
Other current assets
Total short-term assets (the sum of lines from 010 to 019)
Assets (or disposal groups) held for sale
II. Long-term assets
Available-for-sale financial assets
Derivative financial instruments
Financial assets at fair value through profit or loss
Financial assets held to maturity
Other long-term financial assets
Long-term trade and other receivables
Investments accounted for under the equity method
Investment property
Fixed assets
Biological assets
Exploration and appraisal assets
Intangible assets
Deferred tax assets
Other long-term assets
Total long-term assets (the sum of lines from 110 to 123)
BALANCE (line 100 + line 101 + line 200)
110
111
112
113
114
115
116
117
118
119
120
121
122
123
200
11,0
1 770,0
40,0
2 703,0
1 775,0
1945,0
1 960,0
1945,0
4 648,0
1 960,0
4 435,0
2 475,0

14.

LIABILITIES AND EQUITY
1
III. Short-term liabilities
Loans
Derivative financial instruments
Other short-term financial liabilities
Short-term trade and other payables
Short-term reserves
Current income tax liabilities
Employee benefits
Other current liabilities
Total short-term liabilities (the sum of rows from 210 to 217)
Liabilities of disposal groups intended for sale
IV. Long term duties
Loans
Derivative financial instruments
Other long-term financial liabilities
Long-term trade and other payables
Long-term reserves
Deferred tax liabilities
Other long-term liabilities
Total long-term liabilities (the sum of lines from 310 to 316)
V. Capital
Authorized (share) capital
Share premium
Treasury own equity instruments
Reserves
Undistributed profit (uncovered loss)
Total capital attributable to owners of the parent organization
(the sum of rows from 410 to 414)
Non-controlling interests
Total capital (line 420 +/- line 421)
At the
At the end of
Code of a
beginning of
the reporting
line
the reporting
period
period
2
3
4
210
211
212
213
214
215
216
217
300
301
350,0
550,0
355,7
318,2
51,1
331,8
1 088,6
211,8
1 080,0
410
411
412
413
414
2 500,0
2 500,0
1 059,4
855,0
420
3 559,4
3355,0
421
500
3 559,4
3 355,0
310
311
312
313
314
315
316
400

15.

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