Features of accounting and financial reporting for small businesses

Abstract

The article describes the features of the accounting and financial reporting for small businesses, as well as regulations that govern them. Mentioned about the scientists who study the issue. The main registers, by which is accounting for small businesses. Peculiarities of conducting simple and simplified form of accounting without the use of the chart of accounts and double entry method for financial reporting and calculation of the tax object. The article also presents the distribution of accounts data, which are used to account for the small enterprises. Is a detailed diagram of the filling magazines that keep records of income and expenses in the enterprise. Schematically shows the movement of primary documents and other information for accounting for a simplified form. It is proved that in the complete set of financial statements must include a balance sheet, income statement, statement of cash flows, statement of changes in equity and notes.