Audit and economical analysis

Types of Accounting Balance

Consignment mark	Balance types	Its purpose
By the time of the building	Creating balance	It is crushed during the establishment of the enterprise
	Founding balance	Continuous operation of the enterprise, in the law within the specified timeframe
	Stop balance	Balance when the enterprise is closed
	Balance the balance	Large enterprise is divided into several small businesses
	Merge balance	On timeWhen multiple businesses are merged into an enterprise Created
According to the size of the information	One-time	One-off balance is valid for only one company based on your account
	Collapse balances	The aggregate balance is based on one-time balances and associations (ministries, committees and departments and so on)
According to the object of reflection	Independent balance	Everyone who has an independent balance businesses
	Separate balance	Separate balance is assigned to the structural subdivisions of the enterprise (branches, divisions, subsidiaries and affiliated etc.).
According to the cleaning method	Brutto balance	Includes regulators Balance
	Netto balance	Amount of substances that regulate the value limited balance

The objective of the accounting balance sheet is to reflect the financial position of the business entity so that the accounting balance sheet of an entity can enable understanding of its resources and financial structure. The classification of the balance sheet can be seen below.

Classification of current and long-term assets.

Each subject should determine whether current assets and current liabilities are treated as separate classifications in the balance sheet. If an entity chooses an option that does not fulfill this classification, the information on the timing of the assets and liabilities should also be disclosed in accordance with national accounting standards.

If the entity submits goods and services using a clearly defined operation cycle, the separate classification of current and long-term assets and liabilities in the statement of financial position as a working capital is carried out with the net assets that are continuously circulating in the long-term business of the entity the disclosure of the difference between the assets used and the useful information. It must also specify separately the assets expected to be received during the current operating cycle and the liabilities payable during that period.

If the assets are part of an operating entity's business and expected to be consumed or consumed at the time of the entity's operating cycle, these assets are included in the current assets

If assets are held for resale or short-term and are expected to be exposed within 12 months from the reporting date, they should be classified as current assets. All other assets, other than these classifications, must be classified as long-term assets.

Usually two types of current assets are composed:

- the first type of business entity is a part of the working capital and should be received or consumed during the normal operating cycle of the undertaking;

is a range of current assets that are non-derivative but do not have a business asset or investment purpose that is expected to be traded within 12 months after the reporting period. Reserves and receivables that are received or consumed during the 12 months following the reporting date are also included in current assets.

The operating cycle of the undertaking is the average time between acquisition, production and sale of cash to cash on hand or to financial assets that are easily convertible. One year interim operating cycle is a long-term or current asset classification, if the longer the period for that type of business or the same type of activity is much more relevant.

Long-term (non-current) assets - assets used on a business on a long-term basis, including property, plant and equipment, tangible assets, development and goodwill expenses. Assets held for investment purposes and are not available for sale within 12 months from the reporting date.

Short-term (current) liabilities are the liabilities to be settled within 12 months from the reporting date.

The nature of the current liabilities is similar to the description of the current assets. Some current liabilities, such as debt, payables and other operating expense, require that current assets be accounted for at current costs, for the items in the ordinary course of business of the entity is mandatory. Such items of business are classified under current liabilities, even if they are accounted for over 12 months after the reporting period.

Current liabilities include the Bank's overdrafts, paid-in dividends, income tax, non-trade payables, current portion of short-term liabilities requiring payment of interest. Although it may require 12 months from the reporting date, it is difficult to determine the validity of the transaction cycle.

Long-term (non-current) liabilities are those liabilities that are cash-settled on a long-term basis, requiring interest payments (non-settlementable liabilities within 12 months).

The order of refinancing of short-term (current) liabilities.

Short-term (current) liabilities are liabilities that must be settled within 12 months from the date of issue.

If the entity has a long-term refinancing rate of more than 12 months, it may be re-funded or re-funded until a financial report is approved, in such circumstances, should be classified as non-derivative liabilities.

Any short-term debt deductible from current liabilities shall be disclosed together with information supporting the presentation of that obligation in the notes to the balance sheet.

Information that is reflected in the balance sheet.

The balance sheet of the undertaking must be presented in a manner reflecting various aspects of the financial condition. The following are an integral part of the accounting balance sheet:

- tangible assets;

- intangible assets;

- financial assets;

- Reserves;

- accounts receivable;

- money and money equivalents;

- accounts payable;

- deductions;

- liabilities requiring interest payment;

- own capital and reserves.