Most often, the word "regulated" is used in a situation where an employee of an organization uses outdated forms of documents, whether it is company reporting or the execution of shipment of goods with an inappropriate document.
What does this word mean
Accountants and other specialists directly related to the economic side of the organization’s activities do not always understand the meaning of the word “regulated”. This is a term meaning that the rules of accounting (or other legal actions) are clearly regulated by the legislation of the Russian Federation, and their observance is mandatory for all organizations and entrepreneurs, unless otherwise specified in the law.
Entrepreneurs most often use simplified accounting, which is provided for by some laws and the Tax Code. Similar benefits are provided to individuals who are not engaged in entrepreneurial activities. But sometimes situations arise when a government agency asks (or requires) to provide a report on an established form. In such a situation, government officials refer to regulated accounting.
The meaning of the word "regulated" in the explanatory dictionary is revealed very simply. As binding, regulated, carried out according to strict rules. Whatever area of activity is discussed, the word “regulated” means regulated and mandatory. That is, the subject under consideration has a clear legislative framework, which is binding on all parties to the process.
Documents and forms
Regulated - it is mandatory, regulated. Accounting is a collection of documented facts of the economic (financial) activities of an organization. Thus, regulated accounting means continuous and continuous documentation of all financial and business operations of an enterprise in accordance with applicable law.
If it is a question of providing a specific document, then a reference to regulated accounting means that the legislation establishes a special form on which this document should be provided. Forms of documents and reports are established by Decrees of the Government of the Russian Federation. But government agencies are required to provide relevant free forms to all interested parties upon request. If the document is not provided to the state body, then the form will have to be searched on the Internet or in specialized stores selling accounting forms.
The legislative framework
The main document governing the accounting of an enterprise is Federal Law No. 402-FZ of December 6, 2011. In addition, all organizations are required to comply with the Tax Code of the Russian Federation, accounting regulations and other federal laws and other regulatory legal acts.
The regulated form, when it comes to providing a certain document, is unified, that is, approved by a specific Government Decree. In such a situation, the use of other forms, including outdated ones, is prohibited.
Double interpretation
Despite the huge number of laws governing this area, many experts disagree about what regulated accounting is. The fact is that the heads of organizations and leading economists, under regulated accounting, mean accounting and tax reporting, which is submitted to government bodies on forms approved by Decrees of the Government of the Russian Federation.
The accounting system in Russia operates in such a way that reporting on obsolete forms is equivalent to not submitting it. Legally, this is absolutely justified, and accounting is regulated. This is the basis for a double interpretation of the term "regulated accounting".