Risk reserve refers to the funds set up by the exchange to maintain the normal operation of the futures market and make up for the losses caused by unforeseeable risks of the exchange. This course accounts for the risk reserve drawn by the enterprise from the after-tax net profit according to the regulations.
The accounting entries for the provision of general reserves by enterprises are as follows:
Borrow: profit distribution-risk reserve,
Loan: general risk reserve.
The ending credit balance of this course reflects the risk reserve balance drawn by the enterprise.
For example, for a fund company, when the balance of risk reserve reaches 1% of the net asset value of the fund managed at the end of last quarter, the manager can no longer withdraw the risk reserve; When the balance of risk reserve does not reach 65,438+0% of the net asset value of the fund under management at the end of last quarter, the manager shall make monthly withdrawal according to 65,438+00% of the fund management fee income. If the balance of the withdrawn risk reserve is higher than 65,438+0% of the net asset value of the managed fund at the end of last quarter, the manager may apply to the risk reserve depository bank for transfer.
Whether the balance of risk reserve is higher than the net fund value or not, the after-tax interest income of risk reserve should be included in risk reserve; If the balance of risk reserve is higher than the net asset value 1% of the managed fund at the end of last quarter, the manager may apply to the risk reserve depository bank for transfer.