APPROACH TO THE FORMATION OF ACCOUNTING ENTRIES BASED ON EXTENDED BALANCE EQUALITY

Abstract

The article discusses a structured approach to the construction of accounting entries based on the analysis of the influence of a management decision on changing objects of extended balance sheet equality. A checklist for generating postings is proposed, containing the following main aspects: analysis of the impact of management decisions on changing objects of extended balance sheet equality; determination of the debit and credit side of the accounts based on the logic of maintaining balance sheet equality; determination to which group of objects of balance equality (assets, liabilities, capital, income, expenses) the account belongs; building a posting using numbering from the chart of accounts. The checklist for the formation of transactions is recommended to be used: when studying the theory of accounting; to achieve mutual understanding between owners, business leaders and specialists in the accounting and financial services; during a mini-audit of the accounting system by investors, top business managers. Examples of the formation of various types of accounting entries are considered, a grouping of accounts according to the objects of balance equality is proposed.