As an initial sample, we chose the accounting policy of the organization - sample 2019 for an LLC operating in the field of catering and applying the simplified tax system "Income minus expenses" (15%). Then we analyzed the proposed example of an accounting policy for changes that come into force on 01/01/2020. The resulting result can be downloaded from the link.

When companies approve accounting policies

First, let's dispel the long-held myth that accounting policies need to be approved annually. In fact, if there are no changes, then the adopted policy must be consistently applied from year to year - Art. 8 of the Law "On Accounting" dated December 6, 2011 No. 402-FZ.

For organizations, the following terms apply in terms of developing and approving accounting policies:

Situation	Accounting policy
Create a new organization	Within no more than 90 days from the date of registration (clause 9 PBU 1/2008, approved by order of the Ministry of Finance of Russia dated October 06, 2008 No. 106n)	Not later than the end date of the first tax period for the organization (clause 12, article 167 of the Tax Code of the Russian Federation)
Making changes to accounting policies	By general rule new accounting policy approved in current year and applies from the beginning of the next year (clauses 10, 12 PBU 1/2008)	In cases of a change in the methods of NU or a significant change in the working conditions of the organization - from the beginning of a new tax period (Article 313 of the Tax Code of the Russian Federation) In case of changes in legislation - from the date of entry into force of the new regulatory legal acts
Making additions to accounting policies	At the time when the additions became necessary (clause 10 PBU 1/2008)	In tax period when changes became necessary (Article 313 of the Tax Code of the Russian Federation)

NOTE! Change and supplement the accounting policy - things are different! The changes entail the need for a retrospective recalculation of data for the years preceding the change in order to display in accordance with them incoming accounting balances and display data from past years in mandatory accounting, while additions are needed primarily to correctly reflect the current accounting information .

Regulations transitioning from 2019 (point by point)

The following provisions of the proposed example enterprise policy for accounting purposes have remained unchanged since previous years and continue to apply consistently:

• preamble and paras. 1-3, because the main regulations, the principles and assumptions for the formation of accounting policies have not changed;
• pp. 4-6, since the applied norms for accounting for inventories in these aspects have not changed;
• pp. 7-14, since the applicable OS standards in these aspects have not changed;
• pp. 15-18, since it was decided not to change the rules set forth in them in relation to intangible assets;
• pp. 19, 20, since the accounting procedure for special equipment and workwear, which is used by the enterprise, has not officially changed and is still relevant for accounting purposes;
• pp. 21-30, 35, 36, since the nuances of accounting for goods, revenue, income and expenses presented in these paragraphs remain relevant for the organization and do not need to be changed due to changes in legislation or the taxation system;
• pp. 31-34, since the organization forms and discloses reserves for doubtful debts in the reporting for accounting purposes, and the applied procedure remains relevant;
• pp. 37-41, since the organization still does not apply some accounting provisions due to the specifics of its activities and the status of a small enterprise;
• pp. 42-44, because current order recognition and correction of errors, as well as changes in accounting policies remains relevant;
• pp. 46-47, 49-50, since the applied procedure and forms of document management generally remain relevant;
• clause 51, since the special inventory procedure for some accounting objects used by the organization remains relevant;
• pp. 52-62, since the organization continues to use the accepted organizational procedure in terms of the rights to sign, exercise internal control, workflow and the declared ability to make changes to this accounting policy.

For a version of the document approving the accounting policy, see the article "Form of the order on the approval of the accounting policy" .

Changes to be taken into account if accounting for 2020 is being formed (point by point)

In the proposed example of the accounting policy of an enterprise for 2020, the following have been changed (supplemented):

• Paragraph 45 - an indication of the use of updated accounting forms for 2019 and the use of control ratios from the Federal Tax Service.
• Paragraph 48 - an indication of approval has been introduced into it mandatory requirements to the preparation of primary accounting documents. Recall that from 06/09/2019, the chief accountant cannot be fined for errors made in accounting due to the fault of third parties, including due to incorrect compilation by them primary documents. And from 07/26/2019, an indication was introduced into the law "On Accounting" that all employees of the organization must comply with the requirements of the chief accountant (another person responsible for accounting). In this regard, it is recommended to draw up such written requirements as an annex to the accounting policy and familiarize them with all employees involved in working with the documentation against signature.

Provisions not included in the final document

Due to the fact that these areas of activity and objects of accounting are not involved in the activities of a particular enterprise, this accounting policy does not disclose the procedures for:

• recognition of revenue from works (services) with a long cycle (clause 13 PBU 9/99, approved by order of the Ministry of Finance of Russia dated 06.05.1999 No. 32n);
• recalculation and reporting of items denominated in foreign currency(clauses 6, 7 PBU 3/2006, approved by order of the Ministry of Finance of Russia dated November 27, 2006 No. 154n);
• accounting for budget financing and other targeted financing (PBU 13/2000, approved by order of the Ministry of Finance of Russia dated October 16, 2000 No. 92n);
• accounting for R&D (PBU 17/02, approved by order of the Ministry of Finance of Russia dated November 19, 2002 No. 115n);
• accounting financial investments(PBU 19/02, approved by order of the Ministry of Finance of Russia dated December 10, 2002 No. 126n).

For information on what aspects should be paid attention to if the company also forms a policy for management accounting, read the article. "Accounting Policy for Management Accounting Purposes" .

Results

The finished accounting policy has a set of aspects that are specific to the organization for which it was drawn up. Using a ready-made document from another enterprise as a model for preparing an accounting policy, you should compare and adjust the provisions for each item. And also take into account those provisions that may not be used (not disclosed) in the accounting policy of one enterprise, but should be included in a similar document of another.

APPROVE

M.Yu. Alekseev
Chairman of the Board

JSC UniCredit Bank

Accounting policy

Joint Stock Company "UniCredit Bank"

for 2017
Content

1. General provisions 3

2.Working chart of accounts accounting 5

3. Forms of primary accounting documents 6

4.Document flow rules and accounting information processing technology 8

5. Keeping records and reporting using automated systems. 9

6. The order and frequency of printing documents of analytical and synthetic accounting 10

7. Inventory procedure 11

8. The order of intra-bank control of performed operations 14

9. Methods of recognition of income and expenses of the Bank 15

10.Methods for assessing the claims and obligations of the Bank 25

11.Accounting authorized capital 26

12.Methods of assessment and accounting valuable papers 27

13. Accounting for the Bank's operations with its own securities 37

14. Accounting for operations of placement and attraction of funds 38

15. Accounting for transactions in foreign currency 39

16. Accounting for transactions under derivative contracts financial instruments(PFI) 40

17. Accounting for transactions with precious metals 44

18.Methods for valuation and accounting of fixed assets, intangible assets and inventories 45

19. Accounting for operations with branches 57

20. Accounting for tax payments 58

21.Formation of reserves 60

22. Frequency of profit distribution 62

23.Annual report 63

24. Deadline for compiling the annual accounting report should precede the deadline for the issuance of an opinion on audit. All paperwork must be completed by the date of the annual General Assembly Shareholders.Principles and rules of preparation consolidated reporting consolidated group 64

Appendix 1 Working Chart of Accounts of the Bank 67

Appendix 2 Working Chart of Accounts of the Bank's Branches 67

1. General Provisions

1. 
   Accounting policy is a set of accounting methods for reflecting and summarizing the statutory activities of AO UniCredit Bank (hereinafter referred to as the Bank). The accounting policy is obligatory for execution by all structural subdivisions of the Bank. The Bank's accounting policy has been developed in accordance with current legislation Russian Federation on accounting, as well as regulatory documents of the Bank of Russia. Accounting registers and all other official documents are maintained in accordance with the requirements of the legislation of the Russian Federation, international standards and accounting practices, as well as the principles set out in the Bank's Articles of Association. The Bank draws up reports and provides data in accordance with the forms established by the relevant supervisory authorities Russian Federation and publishes them in accordance with the current legislation.
2. 
   The accounting policy of the Bank is formed on the basis of the following principles:
   1. 
      The principle of property separation. The Bank's property and liabilities are accounted for separately from the property and liabilities of shareholders and other legal entities.
   2. 
      The principle of business continuity. The Bank will continue to operate for the foreseeable future and has no intention or need for liquidation, significant downsizing, or unfavorable trading conditions.
   3. 
      The principle of consistency in the application of accounting policies and the constancy of accounting rules. The Bank's accounting policy is applied consistently from one reporting year to another. The Bank is guided by the same accounting rules, except in cases of significant changes in its activities or changes in the legislation of the Russian Federation.
   4. 
      The principle of reflecting income and expenses on the accrual basis. The operations of the Bank and their results are reflected in the accounting records, including reporting period in which they were made, regardless of the actual time of receipt or payment Money(their equivalents).
   5. 
      The principle of completeness and timeliness of reflection in accounting of all facts of statutory activities. Transactions are reflected in the accounting on the day they are made (receipt of documents), unless otherwise provided regulations Bank of Russia.
   6. 
      The principle of discretion. Assets and liabilities, income and expenses are reflected in accounting with a sufficient degree of caution, with a greater readiness to recognize expenses and liabilities in accounting than possible income and assets, avoiding the creation of hidden reserves (intentionally understating assets or income and deliberately overstating liabilities or expenses).
   7. 
      The principle of priority of content over form. The Bank's transactions are accounted for on the basis of economic substance and not of their legal form.
   8. 
      The principle of continuity of the incoming balance. Turnovers and account balances analytical accounting must be equal to the turnover and balances of synthetic accounting accounts; account balances at the beginning of the current reporting period must match the balances at the end of the previous period.
   9. 
      The principle of openness. Accounting and reporting data must accurately reflect the Bank's operations, be understandable to an informed user, avoiding their ambiguous interpretation.
   10. 
       The principle of separate reflection of assets and liabilities. The Bank's asset and liability accounts are measured separately and are shown on a gross basis.
   11. 
       The principle of valuation of assets and liabilities. Assets are accepted by the Bank for accounting according to their original cost. Further assets in accordance with this Accounting policy and other regulatory documents are assessed (reassessed) according to fair value, at cost or by creating reserves for possible losses. The Bank's obligations are reflected in the accounting records in accordance with the terms of the agreements in order to ensure control over the completeness and timeliness of their fulfillment. In cases established by this Accounting Policy and other regulatory documents, liabilities may also be remeasured at fair value.
   12. 
       The Bank draws up a consolidated balance sheet and reporting for the Bank as a whole. Daily balance sheets are compiled according to the accounts of the second order.
   13. 
       Valuables and documents reflected in balance sheet accounts are not reflected in off-balance sheet accounts, except for the cases provided for by this Accounting Policy or other regulatory documents.
3. 
   The Accounting Policy applies to the accounting of the Bank’s operations from January 1, 2017. Changes to the Accounting Policy are allowed in the event of the Bank’s reorganization, change in the composition of shareholders, changes in the system regulation accounting in the Russian Federation, the development or selection of new accounting methods, the use of which leads to an increase in the quality of information about accounting objects, the introduction of new banking products. Changes to the Accounting Policy of the Bank are approved by the Chairman of the Management Board. The consequences of changes in the accounting policy, not related to changes in the legislation of the Russian Federation, are evaluated in monetary terms.
4. 
   Responsibility for the organization of accounting in the Bank lies with the Chairman of the Management Board of the Bank. Responsibility for the formation of the Accounting Policy of the Bank, the maintenance of accounting records in the Bank Chief Accountant Jar. The Chief Accountant of the Bank is appointed and dismissed by order of the Chairman of the Management Board of the Bank with prior approval/notification of the Bank of Russia.
5. 
   The Chief Accountant of the Bank performs the following functions:

• 
  organization of accounting in the Bank and the formation of financial statements;
• 
  ensuring control over the facts of economic life and the movement of property;
• 
  general management of the accounting divisions of the Bank, which are understood as independent structural units head office and branches of the Bank, which have the authority to make certain accounting operations in accordance with the internal regulatory and administrative documents of the Bank;
• 
  other functions defined in federal law“On Accounting” dated December 6, 2011 No. 402-FZ (with amendments and additions).

1. 
   In the branches of the Bank, the functions of organizing and maintaining accounting are carried out by the Chief Accountants of the branches of the Bank, who are appointed and dismissed by order of the Chairman of the Management Board of the Bank and are subordinate to the Chief Accountant of the Bank on all issues of organizing and maintaining accounting. At the same time, the responsibility for organizing the work of the accounting departments of the Bank's branches rests with the Managers of the Bank's branches.
2. 
   The Chief Accountant of the Bank and the Chief Accountants of the branches may, in the manner of delegation of rights, transfer the performance of part of the functions assigned to them to their deputies.
3. 
   For the purpose of operational management of the Bank's accounting system, the Chief Accountant of the Bank has the right to issue instructions in the form of orders. Orders are obligatory for execution by all accounting departments of the Bank. Only accounting departments Jar. Orders are not subject to mandatory approval in the manner prescribed by the Bank. Registration, distribution and storage of orders is carried out using the internal electronic document management system.

Requirements of the Chief Accountant documentation transactions and reporting to accounting required documents and information are required for all employees credit institution.

1. 
   For the purpose of interpreting or concretizing the provisions of this Accounting Policy, the Bank may issue intra-bank administrative and regulatory documents regulating the rules of document circulation, accounting information processing technology, accounting schemes for individual transactions.
2. 
   In accordance with the requirements of the UniCredit Group, the Bank's Annual General Meeting of Shareholders is held before the expiration of four months, but not earlier than two months after the end of each fiscal year. If all the voting shares of the Bank belong to one shareholder, decisions on issues within the competence of the General Meeting of Shareholders are taken by this shareholder solely and are made in writing. At the same time, the requirements for the procedure and terms for preparing, convening and holding the General Meeting of Shareholders do not apply, except for the provisions relating to the timing of the annual General Meeting of Shareholders. The specific date of adoption of the above written decision of the sole shareholder is determined each year in agreement with the authorized division of the Group responsible for coordinating subsidiaries and other interests of the UniCredit Group.

Comments on the requirements of the latest Instructions of the Bank of Russia on the specifics of drafting annual accounts. The seminar will consider the planned changes in the documents of the Bank of Russia on annual report. A highly qualified lecturer - a bank auditor will answer all questions on the topic of the seminar and give valuable recommendations on the preparation of the annual report.

Annual Report 2016

• Changes to Bank of Russia Ordinance No. 3054-U:
  - changes in the order of preparatory activities;
  - checking for impairment;
  - changes in the list of events after the reporting date.
• Disclosure by credit institutions of information about their activities in accordance with Bank of Russia Ordinance No. 3081-U.
• Sample Forms disclosure of information about accounting policies (subject to changes in Rules No. 395-P, and new Regulations No. 446-P, 448-P, 465-P, 525-P).
• Exemplary forms of disclosure of information about financial assets(securities, loans, derivatives), on fair value measurement methods in accordance with IFRS 13 Fair Value Measurement.
• Exemplary forms of disclosure of information on the property of a credit institution (on the composition of fixed assets, intangible assets, real estate temporarily not used in the main activity, etc.). Presentation of information on the revaluation of property, on impairment losses.
• Disclosure of information on issued debt obligations.
• Disclosure of information about financial leverage. Calculation of the indicator of financial leverage.
• Recommended Forms of Other Disclosures.

Overview of changes in the Accounting Rules No. 385-P from January 1, 2017. Cancellation of chapter D. New accounting for securities accepted as a pledge, etc.:

• Changes in accounting estimates affecting financial indicators 2017;
• Disclosure of information on the new accounting policy for 2017.

Handout:

Accounting policy of a credit institution for 2017.

• Handout.
• Approximate accounting policy for 2017.

Duration- 4 hours
Event cost: 7800 rub.
Form of study: In person / Webinar