Features of the Audit of the Organization Receiving State Assistance in Terms of Transition to a New Accounting Procedure

Auditor ◽  
2019 ◽  
Vol 5 (11) ◽  
pp. 3-12
Author(s):  
Людмила Сотникова ◽  
Lyudmila Sotnikova
Keyword(s):  
Russian Federation ◽  
Transition Period ◽  
State Aid ◽  
New Order ◽  
Accounting Standard ◽  
The Russian Federation ◽  
Ministry Of Finance ◽  
Accounting Procedure ◽  
Accounting Policy

Th e article is devoted to topical issues of audit of organizations-recipients of state aid in terms of voluntary transition to a new accounting procedure established by the Order of the Ministry of Finance of the Russian Federation dated December 4, 2018 No. 248n, which amended the Federal accounting standard (FSB (PBU)) 13/2000 «Accounting of state aid», approved by the order of the Ministry of Finance of the Russian Federation No. 92n of October 16, 2000. These amendments for mandatory application shall enter into force on January 1, 2020. However, in 2019, reporting organizations-recipients of state aid could apply the standard with changes voluntarily, indicating this in their accounting policies, as well as disclosing in the accounting (fi nancial) statements for 2019. Th e transition to the new accounting procedure implies a retrospective approach to changing the accounting policy and no special transition period has been established by the Ministry of Finance. Th e article deals with the main theoretical and practical aspects of the new order of accounting and disclosure in the reporting of state aid.

Leases that are not leases: qualification and accounting

2021 ◽  
pp. 15-25
Author(s):  
L.V. Sotnikova
Keyword(s):  
Russian Federation ◽  
Healthcare Organizations ◽  
Accounting Standard ◽  
The Russian Federation ◽  
Ministry Of Finance ◽  
Lease Accounting

On the eve of the entry into force for the mandatory application of all enterprises and organizations of the Russian Federation of the Federal Accounting Standard 25/2018 “Lease Accounting”, approved. By order of the Ministry of Finance of Russia dated October 16, 2018 No. 208n, from January 1, 2022, many heads of economic structures, including healthcare organizations, and their accountants, who act as tenants in lease agreements, are concerned about avoiding the complicated accounting of leased objects which is prescribed by this standard. Accounting methodologists, consultants, experts, and others try to use literally every clause, subclause, paragraph, every word and every comma in order to justify that their lease relationship is not covered by this accounting standard.

Cancellation of the limit on the value of fixed assets: reflect retrospectively and prospectively

2021 ◽  
pp. 38-55
Author(s):  
L.V. Sotnikova
Keyword(s):  
Russian Federation ◽  
Current Period ◽  
Fixed Assets ◽  
The Russian Federation ◽  
Ministry Of Finance ◽  
The Right ◽  
Commercial Organizations ◽  
Accounting Procedure

A single limit on the value of fixed assets for all commercial organizations, equal to forty thousand rubles and existed in accordance with the Order of the Ministry of Finance of the Russian Federation of December 24, 2010 № 186n in PBU 6/01 “Accounting for fixed assets” from January 1, 2011 in the new standard — FSBU 6/2020 “Property, plant and equipment” does not apply. Organizations themselves can determine such limits for their organizations, above which they will consider objects as fixed assets, and below which they will write off to expenses of the current period. The regulator also granted the reporting entities the right to switch to the new accounting procedure voluntarily from January 1, 2021, or, already on a mandatory basis, from January 1, 2022. The article examines, using an example, a retrospective and prospective transition to new individual limits for fixed assets from January 1, 2021.

Recommendations for Test Lab Regarding Transition to New Requirements GOST ISO/IEC 17025–2019

2020 ◽  
Vol 86 (2) ◽  
pp. 69-78
Author(s):  
S. N. Gusarova ◽  
Yu. M. Erokhina ◽  
D. I. Kramok ◽  
E. I. Khunuzidi
Keyword(s):  
Comparative Analysis ◽  
Russian Federation ◽  
Transition Period ◽  
Process Approach ◽  
National Standard ◽  
The Novel ◽  
Self Assessment ◽  
Testing Laboratories ◽  
The Russian Federation ◽  
Practical Level

Since September 1, 2019, GOST ISO/IEC 17025–2019 has been enacted as a national standard in the Russian Federation. The novel standard imposes a number of fundamentally new requirements for testing laboratories (hereinafter referred to as the IL or laboratory), and also supplements and specifies the requirements previously regulated by GOST ISO/IEC 17025–2009. In this regard, in order to transfer laboratories to the new requirements, the FSA issued an order in August 2019 listing the mandatory activities that IL must fulfill to bring their activities in line with the new requirements. However, a transition period desired for matching these requirements is absent on a practical level for a number of the laboratories. The purpose of the article is to facilitate a gentle, efficient and pain-free move from the requirements of GOST ISO/IEC 17025–2009 to the new requirements of GOST ISO/IEC 17025–2019, including compliance with new changes in accreditation criteria. We carried out a comparative analysis of the requirements of the new and previous versions of the standard and marked each new and significant item to which the laboratory should pay attention first of all. The new standard focuses on the application of the process approach, risk and opportunity management, as well as on implementation of the policy of impartiality, independence, minimization of competitive interests and confidentiality. The article describes the planning, implementation and monitoring of each event or phase of the transition of testing laboratories to new requirements. Moreover, the recommendations on the structure of the «Quality Manual» and self-assessment on the compliance of IL activities and QMS with the new requirements, including the use of statistical methods for substantiation of the correctness of the assessment are given as an example of the implementation of IL capabilities.

Assessing the quality of budget risk management of the subjects of the Russian Federation

2021 ◽  
Vol 27 (11) ◽  
pp. 2521-2547
Author(s):  
Alena Yu. SUKHOVA
Keyword(s):  
Risk Management ◽  
Russian Federation ◽  
Regional Finance ◽  
Finance Management ◽  
Regional Budget ◽  
Data Source ◽  
The Russian Federation ◽  
Ministry Of Finance ◽  
Statistical Criteria

Subject. The article explores indicators for budget risk management in the subjects of the Russian Federation. Objectives. The aim is to develop a system of indicators to assess the quality of budget risk management, to create a methodology for quality management assessment and test it on the case of 85 subjects, to build a rating for the quality of budget risk management in 2020. Methods. The study rests on creating a model for assessing the quality of budget risk management on the basis of 18 mathematical and statistical criteria and their testing on budget data from 85 federal subjects for 2020, and the deductive approach. Results. I formulated and justified indicators of analysis that demonstrate the level of readiness of the budget of Russian subjects to accept budget risks. The proposed indicators are logically structured into groups and detailed by data source for evaluation. The system of indicators is incorporated into the existing methodology created by the Ministry of Finance of the Russian Federation. The results of the analysis are presented as a rating of subjects of the Russian Federation based on the aggregate assessment of the quality of budget risk management. Conclusions. The offered methodology may serve as a supplement to the methodology for assessing the quality of regional finance management created by the Ministry of Finance of the Russian Federation. It may also help evaluate decisions on proactive risk management and mitigation of consequences of risk events in regional budget utilization.

scholarly journals TAX POLICY OF THE STATE IN THE OIL INDUSTRY AS AN INSTRUMENT OF ENSURING FINANCIAL SAFETY OF THE RUSSIAN FEDERATION IN THE PERIOD OF AN UNSTABLE ECONOMIC AND POLITICAL COUNTRY SITUATION

2017 ◽  
Vol 13 (1-2) ◽  
pp. 97-101
Author(s):  
Elena N Gorbunova
Keyword(s):  
Russian Federation ◽  
Tax Reform ◽  
Oil Industry ◽  
The State ◽  
Oil Companies ◽  
First Results ◽  
The Russian Federation ◽  
Ministry Of Finance ◽  
Oil Sector ◽  
Effective Result

Oil extraction taxation in our country was and remains a subject of special discussion. This article deals with actual problems of the taxation of the entities of an oil sector in the conditions of financial crisis, the sanctions imposed against Russia and the low prices of oil are considered. The object of research are topical issues of the taxation of the oil industry, in particular the mechanism of the taxation of the added income of the oil companies. The main options of tax mechanisms offered by the Ministry of Finance of the Russian Federation and the Ministry of Energy of the Russian Federation are considered and also opinions of heads of the largest oil companies of the Russian Federation of rather operating system of the taxation of the oil industry are analyzed. The special attention is paid to the analysis of the first results of the carried-out tax reform concerning entering of tax maneuver as one of the main mechanisms of financial safety of the state. The main conclusions of research is that receipt of effective result requires system work concerning reform of the taxation of the oil industry, a phased transition from tax maneuver to the taxation of the added income of the oil companies.

TOWARDS AN ADEQUATE ASSESSMENT OF THE EFFECTS OF STATE PROGRAMS OF THE RUSSIAN FEDERATION: METHODOLOGICAL AND METHODOLOGICAL PROPOSALS

2021 ◽  
pp. 33-48
Author(s):  
R.R. Gumerov ◽  
I.A. Kirichenko
Keyword(s):  
Russian Federation ◽  
National Economy ◽  
Transition Period ◽  
Economic Effects ◽  
Government Programs ◽  
Program Outcomes ◽  
Adopted Model ◽  
Efficiency And Effectiveness ◽  
The Russian Federation ◽  
State Programs

The article is devoted to the substantiation of methodological approaches to the identification and assessment of long-term socially significant effects of state programs of the Russian Federation. In this regard, the domestic methodology and practice of developing and evaluating the effectiveness of state programs of the Russian Federation are subjected to critical analysis. It is stated that in the adopted model of assessing efficiency («as is»), socially significant effects of government programs are assessed indirectly through the program outcomes and indicators, and such an approach significantly reduces the completeness and reliability of the estimates obtained. The proposed model for assessing «how it should be», based on the implementation of the principles, procedures and tools used in the best foreign practice for assessing the effects of state programs, will increase the level of substantiation of the contribution of state programs of the Russian Federation to the socio-economic development of the country, individual industries and spheres of the national economy, human capital. Among the innovations are: differentiation of the concepts of «efficiency» and «effectiveness» of the state program; identification of the entire spectrum of effects (including external and negative) generated by program activities; assessment of the social and economic effects of government programs as additional benefits of the national economy, its individual sectors and spheres, the population in comparison with the so-called «status quo» scenario. During the transition period, it is proposed to use a number of analytical procedures to assess the effects of government programs of the Russian Federation based on the available information and currently adopted methods for their development and effectiveness assessment (on the example of several government programs).

POTENTIAL OF REGIONAL BONDS FOR THE DEVELOPMENT OF THE INFRASTRUCTURE OF THE ALTAI TERRITORY

2019 ◽  
Vol 6 ◽  
pp. 626
Author(s):  
Maria Kulagina
Keyword(s):  
Russian Federation ◽  
System Analysis ◽  
Objective Assessment ◽  
Bond Market ◽  
Empirical Methods ◽  
Bond Issues ◽  
Federal Subsidies ◽  
The Russian Federation ◽  
Ministry Of Finance ◽  
Key Indicators

The development of the subjects of the Russian Federation is not possible without financial resources. Altai Territory is traditionally a highly subsidized region. Currently, it is ranked 4th in terms of federal subsidies. Now, the Ministry of Finance of the Russian Federation orients the subjects of the federation towards increasing the independence and efficiency of functioning. The Central Bank of Russia is intensifying its bond issues and sees in this direction an effective way of replacing credit resources and bill circulation in the coming years. Currently, there are no comprehensive methods for generating informed decisions on the issue of sub-federal bonds. The purpose of this study is to formulate a method for making an informed decision on the issue of sub-federal bonds, based on an assessment of their potential. To achieve this purpose, the methods of economic and system analysis, synthesis, synthesis, empirical methods, methods of abstraction and analogies were used. The main results of the study include: forecasting changes in the Russian bond market in the future based on a comprehensive assessment of the Russian ruble bond market; a critical assessment of the effectiveness of the use of bond instruments by constituent entities of the Russian Federation, the author’s proposed system of key indicators that allow an objective assessment of the potential of sub-federal bonds, as well as a method for forming a reasonable decision on the timeliness and feasibility of issuing bonds by a subject of the federation. The proposed method was tested on the example of the Altai Territory.  

scholarly journals 5.8. СОВЕРШЕНСТВОВАНИЕ УПРАВЛЕНИЯ ДОХОДАМИ РЕГИОНАЛЬНЫХ БЮДЖЕТОВ В РОССИЙСКОЙ ФЕДЕРАЦИИ

2020 ◽  
Author(s):  
D.V. Aleshin ◽  
D.V. Aleshin ◽  
D.V. Aleshin
Keyword(s):  
Russian Federation ◽  
Federal State ◽  
Russian Regions ◽  
The Sustainable Development ◽  
Budget Planning ◽  
Structure And Dynamics ◽  
Regional Budget ◽  
The Russian Federation ◽  
Ministry Of Finance

В статье представлены результаты проведенного анализа структуры и динамики доходов региональных бюджетов в Российской Федерации с выявлением доминирующих факторов, повлиявших на их формирование. На основе авторского подхода осуществлена классификация российских регионов с учетом рисков по отношению к устойчивому развитию субъектов РФ. Дано обоснование использования теории вероятностей при бюджетном планировании и прогнозировании. Исследование базируется на большом количестве собранных эмпирических данных Федерального казначейства, Министерства финансов РФ, Федеральной службы государственной статистики.The article presents the results of the analysis of the structure and dynamics of regional budget revenues in the Russian Federation with the identification of the dominant factors that influenced their formation. Based on the authors approach, the classification of Russian regions was carried out taking into account risks in relation to the sustainable development of the constituent entities of the Russian Federation. The rationale for using theory of chances in budget planning and forecasting is given. The study is based on a large amount of empirical data collected by the Federal Treasury, the Ministry of Finance of the Russian Federation, and the Federal State Statistics Service.

scholarly journals The Development of the Russian Legal System after the “Accession” of the Republic of Crimea to the Russian Federation

2017 ◽  
Vol 7 ◽  
pp. 175-197
Author(s):  
Natalia Cwicinskaja
Keyword(s):  
Russian Federation ◽  
Legal System ◽  
Transition Period ◽  
Legal Regulations ◽  
Federal Subject ◽  
The Russian Federation ◽  
Russian Law ◽  
The Law ◽  
The Republic

On March 18 2014, the Republic of Crimea became a federal subject of the Russian Federation and the Ukrainian legal system was changed to the Russian system. The transition period was set to end on January 1 2015. This transition period was characterized by the fact that the law was created on a day-to-day basis, and as the residents of Crimea were unfamiliar with Russian law they found themselves in a legal vacuum. Laws were adopted in an urgent manner to ensure that the unification was as smooth as possible. In practice it became apparent that the allocated time was not sufficient, and the transition period was extended in some areas. The Article presents a review of the accession procedure and the legal regulations established in the Republic of Crimea during the transition period, and identifies some issues which have arisen.

scholarly journals Legal bases of automation of Federal Treasury activities in the field of state financial control: problems of using information systems

2021 ◽  
pp. 178-190
Author(s):  
A. O. Logvencheva
Keyword(s):  
Information Systems ◽  
Russian Federation ◽  
Legal Regulation ◽  
Economic Security ◽  
Control Measures ◽  
Automated System ◽  
Financial Control ◽  
Telecommunications Network ◽  
The Russian Federation ◽  
Ministry Of Finance

The strategy of economic security of the Russian Federation for the period up to 2030 defines various directions of ensuring economic security, one of which is to improve the activities of control bodies, including the Federal Treasury, which, in turn, is carried out through the application of various measures, in particular, information, which includes the creation and organization of information systems aimed at automating control activities. The presented research is devoted directly to the analysis of the legal regulation of these information systems. The article discusses the legal foundations of the organization and functioning of information systems specified in the Letter of the Ministry of Finance of the Russian Federation No. 02-10-07/74315, namely the GIS of public Finance management “Electronic Budget”, GIS “Official website of the Russian Federation in the information and telecommunications network “Internet” for posting information on the implementation of state (municipal) financial audit (control) in the field of budgetary legal relations” and GIS “Unified Information System in the field of procurement”. In addition, a study of the legal regulation of systems not mentioned by the Ministry of Finance of the Russian Federation among those contributing to the conduct of state financial control is presented — an automated system for planning control and supervisory activities of the Federal Service for Financial and Budgetary Supervision in executable modules and GIS “Standard cloud solution for automation of control (supervisory) activities”. The impossibility of using the second of these systems when carrying out state financial control measures has been established. In conclusion, the specific directions of the use of the considered information systems in carrying out control measures by the Treasury of Russia are presented. 

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