Duma confers a number of rights organizations to prepare financial statements that is not related to the calendar year
The State Duma adopted in the first reading a bill that gives the right to individual organizations to set different from the calendar year start and end dates for the reporting period of the consolidated financial statements.
The bill was initiated by a group of Federation Council members, headed by Evgeniem Bushminym. The document is aimed at the convergence of the process of drawing up the consolidated financial statements with the processes of the operational management of the organization.
“This increases the information content of the consolidated financial statements, the possibility of expanding its use for the management of the organization. External users of the consolidated financial statements in this case have an opportunity in the analysis of the financial performance of the compilers of the consolidated financial statements take into account the characteristics of organizations operating cycle with the seasonal nature of the work, which will improve the quality of forecasts of financial analysts and investors’ decisions “, – stated in the materials provided to the document.
The bill is aimed at solving problems of the state program of the Russian Federation “Public Financial Management and regulation of financial markets“, approved by the Government, indicated in the explanatory note to the bill.
Growth Stock in Europe on Thursday was held against the backdrop of strong reports After three days of incidence European stock markets finally returned…
Soros washes his hands. What will happen with Bill Gross? Soros washes his hands. What will happen with Bill Gross? “The king of bonds”, are left alone…
XAU / USD: Brexit referendum was held, gold grows in the price TRADING RECOMMENDATIONS results Referendum in the United Kingdom, according to which 51.9%…
- Collapse of oil slowed down just before mark
- Turnover cryptocurrency need as soon as possible
- Analyst from company ForexMart