| Abstract [eng] |
While restructuring financial accounting in accordance to International Accounting Standards requirements was confirmed the order of expenditure and income accounting recognition. But some points of the order are discrepant or hardly implemented in the practice. So in this paper the subject of research is expenditure and income. Incomes – the economics benefit increase through period under review incomes or assets increase form or decrease debts, trough increase property. Incomes have to be acknowledge, registrate and present in the accounting, when commodity sold, or total incomes can be reliable estimate. The trade book-keepers want to know parts of incomes. For that incomes have to be accumulated by the kinds. For that we use 5 class synthetic accountants. Expenditure – the reduction of economic benefits as a result of consumption, sale, loss or reduction in value of assets or assumption of liabilities during the reporting period resulting in the reduction of equity, other than its direct reduction. Costs are recognized on accrual and comparison basis in the reporting period during which the related income is earned, regardless of the time of spending the money. Recognized as costs is only that part of expenses of the previous and reporting periods, which is related with income earned during the reporting period. Expenses that are not related with income earned during the reporting period, but are intended for earning income in future periods are registered in accounting and presented in financial statement as assets. Part of assets which is intended for earning income in future periods should be recognised as costs during the specified periods. When the use of certain assets will generate income during several reporting periods in future and due to that the association between income and costs can be determined only approximately, costs are recognized using indirect recognition methods, for example depreciation and amortization of non-current assets. The main condition to recognize earned income is that production would be sold and the buyer would become responsible for all risk through the benefit. While selling of production by instalments it is not purposive to apply the ways of ordinary payment or defrayment of expenditure for registration of payments, because the principle of data accumulation is disturbed. Accounting become complex. It is necessary to registered total sum from the sales for the purpose of taxes. |
