Regulated - this is accounting by rules

More often than not, the word "regulated" is used in the situation when an employee of an organization uses obsolete forms of documents, whether it is company reporting or the registration of shipment of goods by an inadequate document.

What does this word mean

Accountants and other professionals directly related to the economic side of the organization's activities do not always understand the meaning of the word "regulated." This term means that the rules of accounting (or the performance of another legal action) are clearly regulated by the legislation of the Russian Federation, and their observance is mandatory for all organizations and entrepreneurs, unless the law itself specifies otherwise.

Entrepreneurs often use simplified accounting, which is provided for by some laws and the Tax Code of the Russian Federation. Similar benefits are also granted to individuals who do not carry out entrepreneurial activities. But sometimes situations arise when any public authority requests (or requires) a report on an established form. In such a situation, employees of state bodies refer to regulated accounting.

The meaning of the word "regulated" in the explanatory dictionary is very simple to disclose. As mandatory for execution, regulated, carried out under strict rules. What kind of sphere of activity would not be mentioned, the word "regulated" means regulated and compulsory. That is, the subject under consideration has a clear legislative basis, which is binding on all sides of the process.

Documents and forms

Regulated - this is mandatory, regulated. Accounting is the aggregate of documenting the facts of the organization's (financial) activities. Thus, regulated accounting means continuous and continuous documentation of all financial and business operations of an enterprise in accordance with applicable law.

If we are talking about the provision of a specific document, then the reference to regulated accounting means that the legislation establishes a special form on which this document should be provided. Forms of documents and reporting are established by Decrees of the Government of the Russian Federation. But the state bodies are obliged upon request to provide current free forms to all interested persons. If the document is not submitted to a government agency, the form will have to be searched on the Internet or in specialized stores selling accounting forms.

The legislative framework

The main document regulating enterprise accounting is Federal Law No. 402-FZ of 06.12.2011. In addition, all organizations are required to comply with the RF Tax Code, regulations on accounting and other federal laws and other regulations.

A regulated form, if it is a question of granting a specific document, is unified, that is, approved by a specific Government Decree. In such a situation it is prohibited to use other forms, including outdated ones.

Double interpretation

Despite the huge number of laws regulating this area, many experts disagree about what is regulated accounting. The matter is that heads of organizations and leading economists under the regulated account mean the accounting and tax reporting which is handed over to the state bodies on the forms approved by the Decrees of the Government of the Russian Federation.

The accounting system in Russia operates in such a way that the submission of accounts on obsolete forms is equal to its non-payment. Legislatively, this is absolutely justified, and accounting is regulated. This is the basis for a double interpretation of the term "regulated accounting".