No one is immune from mistakes, and after drawing up financial statements, in some cases, income is revealed that is not shown in it. The procedure for making changes depends on when the error was discovered - before or after the approval of the statements.
Instructions
Step 1
Make corrections to the financial statements dated December of the year for which the statements are prepared, if the error was discovered before the date of signing the accounting documents (in accordance with paragraph 6 of PBU 22/2010 "Correction of errors in accounting and reporting"). Recalculate the amount of income tax for this period.
Step 2
Include in other income of the current tax period the profit of previous years, if it was revealed after the approval of the financial statements. In this case, no corrections are made in the reporting. Make an entry in the accounting for the transfer of the revealed amounts of unrecorded income to the credit of account 91 "Other income and expenses" (subaccount "Other income") on the basis of the accounting certificate and primary documents on this operation.
Step 3
Recalculate the tax base for income tax from previous years. Submit to the tax office the revised tax return for the tax period in which the identified profit is to be shown. The form for drawing up the declaration must correspond to the one in force in this period. When calculating income tax for the current period, the revealed amounts of profit from previous years are not taken into account.
Step 4
Reflect the amount of additional tax on profit of previous years in the income statement for the reporting tax period in a separate line after the amount of current tax. In this case, the total amount of the organization's net profit is not distorted.
