E. S. Ageyeva, M. S. Demyanenko, E. V. Ilicheva, E. V. Polyakova

Price: 50 руб.

 Prepaid expenses are typical of subjects of the mining industry. Being a specific type of assets, prepaid expenses can affect the financial condition of the organisation in the course of analysis, creating the “illusion of profitability”; they can impede the implementation of International Financial Reporting Standards (IFRS) and the process of reporting under IFRS. Forecast makes it possible to foresee the amount of prepaid expenses in the forthcoming reporting periods. The presence of a forecast value gives an opportunity to control the amount of these expenses in the following reporting periods and amount of write-off of these expenses to appropriate sources.