On-line conference “Novelties in Accounting Reporting in 2011” was held on October 13, 2011 on the ground of Klerk.ru information agency. Irina Yutskovskaya, Director of FBK Accounting Advisory Department answered the questions of attendees.
So, the expert answered the questions considering “deferred expenses”. Starting with reporting for 2011, the entities practically lose the chance to recognize incurred expenses within the “deferred expenses”. Ms.Yutskovskaya emphasized that when preparing the annual reporting in respect of FY 2011, the entity will have to get “reclassified” the balances under the account 97 “deferred expenses” as of the beginning of the year (as of January 1, 2011) and as of the year end (as of December 31, 2011).
The issue of using new forms for accounting reporting also prompted great interest of discussion participants. Irina Yutskovskaya noted that using old form is unacceptable.
Over two thousand people took part in the on-line conference.