of August 10, 2017 No. 23
About some questions of financial accounting of exchange differences
Based on the paragraph of the fourth Item 5 of article 5 of the Law of the Republic of Belarus of July 12, 2013 "About financial accounting and the reporting" the Ministry of Finance of the Republic of Belarus DECIDES:
1. Determine that the organizations (except for National Bank of the Republic of Belarus, banks, the non-bank credit and financial organizations, banking groups, bank holdings, state-financed organizations) recalculate expressed in official monetary unit of the Republic of Belarus (further - Belarusian ruble) in the amount equivalent to certain amount in foreign currency, asset cost and the obligations (except for advance payments, advance payment, inclinations, letters of credit and accounts payable, which repayment is performed in the form of the letter of credit) which are registered in financial accounting for December 31, 2017 in Belarusian rubles on the official rate of Belarusian ruble in relation to the corresponding foreign currency established by National Bank of the Republic of Belarus, and the differences which are formed at the same time carry on January 1, 2018 on retained earnings (uncovered loss).
2. Bring in the National accounting standard and the reporting "Influence of changes of the foreign exchange rates" approved by the resolution of the Ministry of Finance of the Republic of Belarus of October 29, 2014 No. 69 (The national legal Internet portal of the Republic of Belarus, 27.12.2014, 8/29426), the following changes:
state Item 1 in the following edition:
"1. This National accounting standard and the reporting determines procedure for reflection in financial accounting expressed in foreign currency and (or) official monetary unit of the Republic of Belarus (further - Belarusian ruble) in the amount equivalent to certain amount in foreign currency (further - foreign currency), asset costs, obligations, equity, the income, expenses and differences arising in case of recalculation of the asset cost expressed in foreign currency and obligations in Belarusian rubles in the organizations (except for National Bank of the Republic of Belarus, banks, the non-bank credit and financial organizations, banking groups, bank holdings, state-financed organizations) (further - the organizations).";
add Item 7 with words "if other is not established by the legislation".
V. V. Amarin
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