ACCOUNTING OF INVESTMENTS INTO CAPITAL DEVELOPMENT
This article investigates one of urgent problems - to the accounting of the investments directed to implementation of capital development. In article the author specified huge value of construction branch for national economy, gave the statistics and an assessment of the current state of branch, and also the prospects of its development, considered the essence of the investment activity connected with construction, presented the main participants of process of capital development and their function, defined tasks of accounting of investments into capital development, specified the order of accounting and tax accounting of investments and provided correspondence of accounts of accounting. The author also noted specific features of construction branch: variety of organizational and economic forms, a large number of the participants having various functional purposes and tasks, large volume of material and financial inputs, essential dependence of production on a natural environment and, as a result, the difficult system of accounting uniting in itself financial and tax components. In addition to stated, specific features of this kind of activity it is necessary to call an essential material capacity, a capital intensity and labor input. And difficult identification of participants of process - customers, general contractors, subcontractors etc. is important. Also mutual settlements between the parties of process of construction differ in complexity. The abundance of the budget and project documentation, need of acts of coordination with various instances become the reason of delay in process of construction. Quite often objects are built for months and years. At the same time the group and the accounting of expenses in work in progress is necessary. Besides, the order of offset of the received advance payments which is under construction on the principle - «in proportion to amount of completed work» has difference. As a result the specified features generate high requirements to system of accounting and the reporting of the construction organizations. The wrong interpretation of separate aspects of the accounting and tax legislation can lead the construction organization to huge penalties, losses or payment of a penalty. In article the author gave an assessment of registration and analytical sufficiency of system of accounting of the construction organizations and focused the attention on its main component - the accounting of investments into capital development.