Understanding the Profit and Loss Report for Russia
The Russian government requires that you produce a Profit and Loss report at the end of each accounting period. The Profit and Loss report is generated in PDF format. The report shows year-to-date balances of groups of accounts as well as previous year balances.
When you run the Profit and Loss report, the system reads the F0902 table to obtain the balances to print on the report. It also reads the tables that are populated when you set up report formats to obtain information about the report column and row names to print, as well as other information about the layout of the report. The system produces a report and writes records to the Profit & Loss - RUS table (F74R9010).
The Profit and Loss report includes these sections:
Report Section |
Description |
|---|---|
Profit and Loss Statement |
The Profit and Loss Statement section of the report has two columns. The first column contains the sum of each period of the current year's balances. For example, if you run the report for the accounting period ending June, 2006, the first column shows the sums of the accounts from January, 2006 through June, 2006. The second column shows the sum of the same periods balances of the previous year. |
Explanation of Incomes and Losses |
The Explanation of Incomes and Losses section of the report contains four columns. There is a column for Income and a column for Expenses for the current year and for the previous year. Accounts with negative balances appear in the Expenses column. Accounts with a positive balance appear in the Income column. |
The system accesses the values in processing options to determine whether to scale the amounts that it prints, the ledger and subledgers to use, and the title to print on the report.