Name
Shetkina Elena Alexsandrovna
Scholastic degree
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Academic rank
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Honorary rank
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Organization, job position
Kuban State Agrarian University
Web site url
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Articles count: 1
In terms of financial instability, contributing to increase
in risks associated with conducting a business
activity on the territory of the Russian Federation,
there comes the need for the settlement of the procedure
for reflection of information about the risks of
the economic activity in financial statements. This
article discusses the concepts of risks, their impact on
the performance of financial accounting. There is a
classification of risks: legal, country, financial and
regional, their special features. To reduce the decline
of the economic performance of the organization a
variety of activities was offered. One way to solve
this problem is the creation of reserves. For this purpose,
various options for the establishment of reserves
to reduce the impact of risks of the organization
are considered in the article. The first option is
the creation of reserves at the expense of the cost of
production where the reserves are formed on the
credit of account 96 "Reserves of forthcoming expenses".
The second option is the reservation of funds
as a reserve capital: reserves are formed on the credit
of account 82 "Reserve capital". The third option is
the creation of reserves due to other expenses; such
reserves are used to adjust the value of assets. The
article provides the calculation of the valuation of
receivables. Based on data of accounting balance and
the report on financial results of the buyer-debtor the
calculation was carried out for the assessment of the
credit risk for the organization, which the debtor must
repay the debt to. Calculations are based on the
methodology of the scientists of the Department of
theory of accounting of Kuban State Agrarian University