Abstract
he article discusses a retrospective simplified procedure for the transition of commercial organizations to the Federal Accounting Standard 6/2020 «Fixed Assets», which comes into force on 01.01.2022, and can be applied by all commercial organizations, including those who are small businesses, but which are prohibited submit simplified accounting (financial) statements. A step-by-step instruction for a simplified transition to Federal Accounting Standard 6/2020 «Fixed Assets» is presented. On practical examples, all possible nuances of adjusting the data of accounting (financial) statements in terms of accounting for fixed assets, when switching to the aforementioned standard, have been analyzed. The algorithm of the simplified transition described in the article and the presented practical examples will be useful to all accountants in commercial organizations, and will help them reduce the effort and time to find the necessary information.
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