Everything about the audit. Essay.

Characteristics of fixed assets.

Before matters relating to direct audit
plant and equipment, give them a brief description, as well as major
concepts needed in accounting and analysis of fixed assets.

We give the definition of fixed assets. In accordance with the Regulations on
Accounting "Fixed Assets Accounting" (PBU 6/97), approved by
Order of the Ministry of Finance of the Russian Federation dated September 3, 1997 № 65 n basic
funds - part of the property used as a means of labor in
production, performance of works or services or to
of the organization for a period exceeding 12 months, or
normal operating cycle if it exceeds 12 months. Do not apply to
fixed assets and are accounted for as part of the organization of funds in circulation
objects used for less than 12 months, regardless of their
cost items with a value at the acquisition date not more than one hundred times
the statutory minimum monthly wage (MMOT) for
unit regardless of their useful life and other items,
organization established on the basis of the provisions of the rules on accounting
Accounting.