In the Point Model’ (‘DPM’) for financial information reporting ‘Data templates of Annexes III and IV, every data point (cell) has a item’ to ‘base which the attribute is allocated. This allocation ensures that all ‘credit/debit’ entities who report data points follow the convention’ and allows to ‘sign know the attribute that corresponds to each data point. ‘credit/debit’ Schematically, this convention works as in Table 1. Table 1 Credit/debit convention, positive and negative signs Credit Balance Element Figure reported /Debit /Movement Positive Balance on assets (‘Normal’, no sign needed) Positive Increase on assets (‘Normal’, no sign needed) Assets Negative Negative balance on assets (Minus sign needed) ‘-’ Negative Decrease on assets (Minus sign needed) ‘-’ Debit Positive Balance on expenses (‘Normal’, no sign needed) Positive Increase on expenses (‘Normal’, no sign needed) Expenses Negative balance (including Negative reversals) on expenses sign needed) ‘-’ Negative Decrease on expenses sign needed) ‘-’ Positive Balance on liabilities (‘Normal’, no sign needed) Positive Increase on liabilities (‘Normal’, no sign needed) Liabilities Negative balance on liabilities Negative (Minus sign needed) ‘-’ Negative Decrease on liabilities (Minus sign needed) ‘-’ Positive Balance on equity (‘Normal’, no sign needed) Credit Positive Increase on equity (‘Normal’, no sign needed) Equity Negative balance on equity Negative (Minus sign needed) ‘-’ Negative Decrease on equity (Minus sign needed) ‘-’ Positive Balance on income (‘Normal’, no sign needed) Income Positive Increase on income (‘Normal’, no sign needed)
In the ‘Data Point Model’ (‘DPM’) for financial information reporting templates of Annexes III and IV, every data point (cell) has a ‘base item’ to which the ‘credit/debit’ attribute is allocated. This allocation ensures that all entities who report data points follow the ‘sign convention’ and allows to know the ‘credit/debit’ attribute that corresponds to each data point. Schematically, this convention works as in Table 1. Table 1 Credit/debit convention, positive and negative signs Element Credit /Debit Balance /Movement Figure reported Assets Debit Balance on assets Positive (‘Normal’, no sign needed) Increase on assets Positive (‘Normal’, no sign needed) Negative balance on assets Negative (Minus ‘-’ sign needed) Decrease on assets Negative (Minus ‘-’ sign needed) Expenses Balance on expenses Positive (‘Normal’, no sign needed) Increase on expenses Positive (‘Normal’, no sign needed) Negative balance (including reversals) on expenses Negative ‘-’ sign needed) Decrease on expenses Negative ‘-’ sign needed) Liabilities Credit Balance on liabilities Positive (‘Normal’, no sign needed) Increase on liabilities Positive (‘Normal’, no sign needed) Negative balance on liabilities Negative (Minus ‘-’ sign needed) Decrease on liabilities Negative (Minus ‘-’ sign needed) Equity Balance on equity Positive (‘Normal’, no sign needed) Increase on equity Positive (‘Normal’, no sign needed) Negative balance on equity Negative (Minus ‘-’ sign needed) Decrease on equity Negative (Minus ‘-’ sign needed) Income Balance on income Positive (‘Normal’, no sign needed) Increase on income Positive (‘Normal’, no sign needed)