Generating a report on trade organization financial results during seasonal sales

Tyumen State University Herald. Social, Economic, and Law Research

Release:

Vesntik TSU. Economy (#11). 2013

Title:

Generating a report on trade organization financial results during seasonal sales

About the author:

Natalia V. Viktorova,

Senior Lecturer, Accounting, Analysis and Audit Department, Institute for Finance and Economics, Tyumen State University

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Abstract:

The article examines and analyzes the problems of informative report on financial results in trade organizations during seasonal sales. Measures proposed for the organization of accounting, documentation and disclosure of information on discounts in the financial statements. Requirements researched into Russian accounting standards and international financial reporting standards for order preparation, content and deadline for financial statements. The article studied the order of detail lines in the report on the financial results of segments, for which in the trade organizations seasons and collections may be agents. Procedure proposed for the distribution of proceeds from the sale of goods, the cost and distribution costs related to different seasons. Presents the option to generate income statement detailing the seasonal items. Segment disclosures will help to shape more accurate and understandable for users financial statements; it will also assist in the cost-effectiveness analysis of an enterprise on the whole, and separately according to seasons.

Keywords:

References:

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