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ORDER OF THE MINISTRY OF FINANCE OF THE KYRGYZ REPUBLIC

of June 29, 2017 No. 97-P

About approval of the Provision on financial accounting and the financial reporting in the sector of public administration

For the purpose of enhancement of financial accounting in the sector of public administration according to the Order of the Government of the Kyrgyz Republic of September 15, 2014 No. 530 "About delegation of separate rule-making powers of the Government of the Kyrgyz Republic to number of state bodies of the executive authority",

I order:

1. Approve the enclosed Provision on financial accounting and the financial reporting in the sector of public administration.

2. To management of methodology of internal audit and financial accounting:

- within three working days from the date of registration to publish this order in the state and official languages in the newspaper of "Erkin-limited liability partnership" and on the official website of the Government and Ministry of Finance of the Kyrgyz Republic;

- within three working days from the date of official publication to send this order to the Ministry of Justice of the Kyrgyz Republic for state registration;

- within three working days from the date of entry into force to send this order to Government office of the Kyrgyz Republic.

3. Recognize invalid:

- the order of the Ministry of Finance of the Kyrgyz Republic of November 27, 2014 No. 179-P "About approval of the Chart of accounts and management on its application";

- the order of the Ministry of Finance of the Kyrgyz Republic of November 18, 2015 No. 195-P "About entering of amendments into the order of the Ministry of Finance of the Kyrgyz Republic "About approval of the Chart of accounts and management on its application" of November 27, 2014 No. 179-P";

- the order of the Ministry of Finance of the Kyrgyz Republic of April 15, 2016 No. 54-P "About approval of the Instruction "About establishment of terms on storage of cash in cash desk of the organizations consisting on the government budget of the Kyrgyz Republic";

- the order of the Ministry of Finance of the Kyrgyz Republic of December 14, 2016 No. 202-P "About entering of amendment into the order of the Ministry of Finance of the Kyrgyz Republic "About approval of the Chart of accounts and management on its application" of November 27, 2014 No. 179-P".

4. This order becomes effective since July 1, 2017.

5. I reserve control of execution of this order.

Minister of Finance of the Kyrgyz Republic

A. Kasymaliyev

Approved by the order of the Ministry of Finance of the Kyrgyz Republic of June 29, 2017 No. 97-P

Provision on financial accounting and the financial reporting in the sector of public administration

Section I. Procedure for financial accounting

Chapter 1. General provisions

1. This Provision on financial accounting in the sector of public administration (further - the Provision) establishes single procedure to financial accounting and financial reporting preparation for budgetary institutions.

2. Financial accounting is kept by budgetary institutions according to this Provision, by financing sources with obligatory application of the Chart of accounts.

3. Information source for preparation of the financial reporting of budgetary institutions are data of bookkeeping registers.

4. The main managers of the budgetary funds having the right in coordination with the Ministry of Finance of the Kyrgyz Republic (further - the Ministry of Finance) and in view of specifics of the activities to develop and approve the internal documents regulating financial accounting.

Chapter 2. Main requirements to financial accounting

§ 1. Tasks and obligations of accounting service

5. The main objectives of accounting service (accountant) are:

a) timely forming of complete and reliable information about financial and economic activities of budgetary institution, its property status by means of preparation of the financial reporting;

b) providing with information necessary for control over compliance with law of the Kyrgyz Republic when implementing economic activities;

c) control over observance of the approved regulations when implementing economic activities for which such restrictions are provided;

d) control (by means of accounting procedures) over safety and target use of the assets which are available in budgetary institution.

6. Belongs to duties of accounting service (accountant) of budgetary institution:

- timely registration of economic activities in bookkeeping registers based on source documents, according to the current legislation of the Kyrgyz Republic in the field of financial accounting;

- conducting document flow according to the regulatory legal acts of the Kyrgyz Republic regulating clerical work, archiving, domestic situations of budgetary institution;

- charge and salary payment to employees according to the current legislation, employment contracts, internal documents on employment and documents on accounting of working hours;

- deduction from payments for the salary of taxes and insurance premiums according to the tax legislation and the legislation on the national social insurance;

- conducting tax accounting, including maintaining tax registers, according to requirements of the tax legislation of the Kyrgyz Republic;

- control of observance of approved budgets on all sources of financing;

- providing the head of budgetary institution with information on amounts and special-purpose character of the actual execution of approved budgets and estimates by financing sources;

- quarterly (for the accounts opened in foreign commercial banks - annually) carrying out reconciliation on balances in cash on settlement accounts in commercial banks, on accounts in system of Treasury and on accounts in National Bank of the Kyrgyz Republic with accounting data and in the presence of discrepancies timely to make necessary corrections;

- carrying out reconciliation on all debtors and creditors for December 31 every year remaining balance of receivables and payables in writing;

- providing inventory-taking group with all booking data necessary for carrying out inventory count of assets, entering of necessary adjustments into bookkeeping registers by results of the carried-out inventory count;

- control of timely provision and correct execution of material and expense reports of employees of budgetary institution;

- preparation of the financial reporting, reporting on budget implementation, statistical reporting, tax statements and reporting under insurance premiums;

- observance of requirements of the current legislation of the Kyrgyz Republic in the field of financial accounting and the reporting.

§ 2. Responsibility of the head and chief accountant

7. The head of budgetary institution bears responsibility for:

- the organization of financial accounting and internal control system in budgetary institution;

- the organization of system of document flow in budgetary institution, including for stores organization of source accounting documents, bookkeeping registers and forms of the financial reporting;

- timely provision of the authentic financial reporting of budgetary institution;

- ensuring carrying out statutory audit in the cases established by the legislation of the Kyrgyz Republic;

- approval of job descriptions for employees of accounting service;

- observance of requirements of the legislation of the Kyrgyz Republic in case of accomplishment of economic activities;

- training and advanced training of the chief accountant or head of accounting service and employees of accounting service.

8. The chief accountant (accountant) or the head of accounting service submits directly to the head of budgetary institution and bears responsibility for:

- organization of work of accounting service;

- observance of requirements of the legislation of the Kyrgyz Republic in the field of financial accounting and the reporting;

- timely preparation of the authentic financial reporting of budgetary institution;

- maintaining bookkeeping registers;

- development of job descriptions and distribution of service duties in accounting service;

- control of execution of service duties by employees of accounting service;

- transfer of cases in case of dismissal.

§ 3. Rights of the chief accountant

9. The chief accountant for the purpose of accomplishment of tasks and obligations of accounting service has the right:

- determine certain sites of work (financial group, group of calculations, material group, etc.) and to independently distribute work on these sites between employees of accounting service;

- receive any information relating to making and registration of economic activities from other structural divisions and employees of budgetary institution and also to participate in reconciliation procedure of the economic agreement;

- demand from employees of budgetary institution of timely accomplishment of regulatory legal acts of the Kyrgyz Republic (including international) in the field of financial accounting and the reporting;

- address the head of budgetary institution with offers on development and modification of internal documents on the organization of system of preparation and budget implementation, financial accounting, internal control and the taxation;

- address the head of budgetary institution with offers on need of receipt of explanations from the representative and monitoring bodies concerning correctness of application of regulations of the current legislation of the Kyrgyz Republic in the field of financial accounting and the reporting, internal control and the taxation;

- demand from responsible persons (further - MOL) and advance holders of budget institution of timely provision of material and expense reports in the established format;

- address the head of budgetary institution with offers on awarding of employees of accounting service, the direction them on training, encouragement, job development;

- address the head of budgetary institution with offers on application of authority punishments to employees of accounting service and to the employees of budgetary institution breaking the established regulations and rules of financial accounting and the reporting, internal control system and the taxation;

- demand from employees of accounting service of execution of the job responsibilities;

- address the head of budgetary institution with offers on the number of staff of accounting service;

- receive from accounting services of subordinated and territorial subdivisions all necessary information for forming of the summary financial reporting.

10. Requirements of the chief accountant regarding procedure for registration and submission to accounting service of necessary documents and data are obligatory for all employees of budgetary institution, and in case of centralization of accounting for all served budgetary institutions.

§ 4. Reception-transmission put the chief accountant

11. In case of release of the chief accountant from post (in case of dismissal, appointment to other position or movements) reception-transmission of cases to the chief accountant who is again appointed to position, or in the absence of the last - to the authorized person designated by the head of budgetary institution is made. From the moment of reception-transmission put the right to sign granted to the chief accountant dismissed it is cancelled.

12. For carrying out reception-transmission of cases by the chief accountant the commission on carrying out reception-transmission of cases (further - the commission) based on the order of the head of budgetary institution where are specified is created:

- reason of reception-transmission of cases;

- information on the official accepting cases;

- information on the official submitting the cases;

- person who is granted right to sign for reception-transmission of cases and before registration of right to sign of the official accepting case;

- date as of which reception-transmission of cases is made;

- the term of reception-transmission put, but no more than two weeks and no later than date of dismissal of the chief accountant;

- structure of the commission;

- secretary of the commission;

- persons responsible for preparation of the relevant documents and representation to their Commission.

13. Commission:

1) is organized by carrying out reception-transmission of cases of officials and provides creation of the delivery-acceptance certificate of cases according to requirements of this provision;

2) is checked by condition of cash desk (whether proper conditions for storage of cash liquidity, condition of entries in the cash book, condition on other values which are stored in cash desk and compliance to their accounting entries, availability of checkbooks, numbers of unused checks are provided) and draws up the inspection statement of balances in cash in cash desk in which the amount of balance in cash, number and date of the last receipt and payment orders which is signed by the person both transferring, and accepting cases of accounting service and also the cashier, or person who is responsible for conducting cash transactions is specified;

3) is checked by condition of cash accounting, accounting of settlement transactions, settlement balance sheet items (condition of receivables and payables, availability unreal for debt collection, with indication of persons, guilty of it, availability of reconciliation statements of mutual calculations, availability of the amounts which are not transferred timely into the budget);

4) considers the written explanations received from the official who allowed shortage, surplus, or other violations and specifies them in the delivery-acceptance certificate of cases;

5) is checked by compliance of data of the balance sheet for the last reporting date preceding date of reception-transmission of cases, data of accounting registers.

14. In the presence of notes from the members of the commission or officials (who are handing over and accepting cases), or in case of detection of discrepancy, the reasons of their origin then the commission on carrying out reception-transmission of cases takes measures for their elimination become clear.

15. Members of the commission bear responsibility within the competence for completeness and reliability of documents on reception-transmission of cases of officials.

16. Following the results of reception-transmission of cases the secretary of the commission draws up the delivery-acceptance certificate of cases signed by the accepting and transferring parties, members and the commission chairman. In the delivery-acceptance certificate of cases the list of the documents attached to it is specified. The delivery-acceptance certificate is drawn up in duplicate, one of which is given to accounting service, the second copy remains at the official submitting the cases.

17. In the delivery-acceptance certificate of cases it is specified:

- surname, name and middle name of the persons submitting and accepting the cases

- structure of the commission, according to the order of the head of budgetary institution,

- date (period) of transfer put,

- details of the order of the head of budgetary institution based on which the cases are submitted,

- the inventory of assignable documents with indication of their name and the number of folders with documents;

- mistakes and inaccuracies in accounting, accounting and tax statements revealed during check;

- list of missing documents;

- explanations and notes of the persons submitting and accepting the cases.

18. The act is signed first of all by the persons submitting and accepting the cases and also members of the commission, and affirms the head of budgetary institution.

19. Reception-transmission of cases is considered the complete ambassador of approval of the delivery-acceptance certificate put the head of budgetary institution. The delivery-acceptance certificate affirms for date of release of the chief accountant from post.

§ 5. The organization of work in the budgetary institutions served by centralized accounts department

20. All structural divisions which are part of budgetary institution, served by centralized accounts departments shall transfer timely to accounts department documents, necessary for financial accounting and control.

21. When accounting in centralized accounts departments, for heads of the served budgetary institutions the obligation in timely and correct registration of all economic activities which are under their authority remains.

§ 6. Financial accounting automation

22. Automation of financial accounting is based on the single interconnected engineering procedure of processing of documentation on all Sections of accounting with forming of the financial reporting, according to the approved Chart of accounts.

23. In the conditions of complex automation of financial accounting, execution of expense budget of budgetary institution data synthetic and analytics are created in databases of the used program complex and monthly removed on papers - output document forms (memorial orders, cards, sheets, the ledger, the report, etc.). At the same time content of indicators in output document forms shall conform to the requirements provided by this Provision for bookkeeping registers.

Chapter 3. Requirements to internal control system

§ 1. Basic elements of internal control system

24. Basic elements of internal control system in budgetary institutions are:

- separation of functional obligations;

- conclusion of agreements on financial responsibility;

- documentary registration of economic activities;

- registration of economic activities in registers of accounting;

- carrying out reconciliations;

- inventory count of assets;

- accountability of MOL;

- registration of working hours;

- authorization, coordination and registration of economic agreements;

- storage of assets;

- availability of the power of attorney from legal entities in case of transfer of assets.

§ 2. Separation of functional obligations

25. In case of determination of obligations of employees of budgetary institution the principle of separation of functional obligations which consists in the following is observed:

- accounting functions are separated control functions (including for the budget process);

- functions according to the statement of documents for issue of assets (including money) are separated function on issue of such assets.

§ 3. Conclusion of agreements on financial responsibility

26. Budgetary institution constitutes and approves on annual basis the list LIKE, and also persons having the right to receive on receipt cash. With all MOL sign agreements on financial responsibility. Without fail in agreements on financial responsibility assets concerning which MOL bears responsibility, and procedure for compensation of damage on entrusted MOL to assets are specified.

§ 4. Carrying out reconciliations

27. Acts of reconciliations are signed with debtors and creditors, and also with commercial banks (including foreign) and territorial administrations of the Ministry of Finance of the Kyrgyz Republic concerning remaining balance and cash flow, receivables and payables.

28. Acts of reconciliations are without fail signed on annual basis on reporting date by preparation of the financial reporting of budgetary institution. According to the decision of the chief accountant of reconciliation can quarterly be carried out.

29. Budgetary institution shall on annual basis (on reporting date) to receive from the third parties (the donors who paid expenses of budgetary institution) confirmation about the made direct payments in supplier address of budgetary institution.

30. The reconciliation statement is drawn up in writing with observance of requirements for execution of source documents and signed on behalf of budgetary institution by his head and the chief accountant.

§ 5. Inventory count of assets

31. The general procedure for carrying out inventory count of assets (property) is determined by regulatory legal acts of the Kyrgyz Republic about carrying out inventory count of assets and financial liabilities.

32. The surplus revealed in inventory progress is recognized financial accounting of budgetary institution (The INV-26) form on market value on the date of receipt of assets as the income. Shortage within rates of natural loss (established according to the current legislation) is considered as expenses. Shortage, spoil, loss or plunder of asset treat on perpetrators or MOL on market value of asset on the date of detection of damage with reflection in bookkeeping registers as accounts receivable. Within five days after establishment of shortages and plunders materials shall be reported to investigating bodies for presentation of the civil action. In case of receipt of the judgment of the amount, carried on perpetrators, are specified according to writ of execution and the corresponding adjustments in bookkeeping registers are made.

33. Market value of assets is cash amount which can be received as a result of sale of the specified assets on acceptance date to accounting. Market value is determined by inventory-taking group by comparative method of determination of market value of assets. Comparative method - method by which the price is calculated based on comparison of market value of similar assets. In case of lack of market information on similar assets, market value is determined by experts.

34. Analytics of the amounts carried on the perpetrator are conducted on card (Form 1) on each perpetrator with indication of surname, name and middle name, position, date of emergence of debt.

35. Debt on shortages and plunders of assets which collection it is refused by court and also the other debts recognized hopeless to obtaining are recognized losses, further is considered on stand-alone accounting within five years from the moment of write-off for observation of possibility of its collection in case of change of property status of the debtor.

§ 6. Accountability of responsible persons

36. LIKE, concerning the assets received on receipt without fail enter data on movement of assets in registers of accounting on weekly basis. Issue and receipt of assets is drawn up by the relevant source documents.

37. On monthly basis no later than the third working day since the beginning of month, MOL the Report on movement of assets from appendix of all source documents confirming their movement is constituted. Reports are drawn up according to the requirements for execution of source documents provided in § 4 Chapters 4 this provision.

§ 7. Registration of working hours of staff of budgetary institution

38. Accounting of working hours is drawn up by the sheet of accounting of working hours on monthly basis (No. T-13) Form. The sheet of accounting of working hours is filled in with responsible persons, signed by the head of the relevant division and affirms the head of budgetary institution.

§ 8. Permission to the conclusion, coordination and registration of economic agreements

39. All agreements are signed with the permission of the head of budgetary institution and are subject to coordination and registration. Registration of the signed agreements can be made in the special magazine or in electronic form. The list of the workers participating in process of coordination of agreements affirms the head of budgetary institution.

40. Process of coordination is drawn up by signatures of persons participating in such process on each page of the agreement. Supplementary agreements undergo the same reconciliation procedure, as well as the main agreements. For employment contracts the head of budgetary institution has the right to determine separate procedure for coordination.

41. At stage of coordination of agreements by responsible persons of budgetary institution the budget control (on availability of means) on each source of financing is exercised.

42. Agreements are scanned and stored in paper and electronic type. The procedure for storage of agreements is performed according to the regulatory legal acts of the Kyrgyz Republic regulating clerical work, archiving, domestic situations of budgetary institution.

§ 9. Storage of inventory items

43. Storage of inventory items is made in specially adapted rooms and with use of the equipment ensuring their safety. At windows of service premises lattices are established. The receipt responsibility, storage and leave of material values is assigned on LIKE, appointed the order of the head of budgetary institution. Keys from offices and rooms are only at MOL and the workers who are responsible for safety. If necessary budgetary institution is equipped with the weight equipment, measuring devices, measuring container and other control devices.

§ 10. Availability of the power of attorney from the legal entity in case of transfer of assets

44. Transfer of tangible assets of budgetary institution to other legal entity, is made based on the power of attorney confirming powers of the representative of the legal entity.

Chapter 4. Document flow in financial accounting

§ 1. Nomenclature of cases

45. The nomenclature of cases is the systematized list of headings of the cases opened in budgetary institution, with indication of terms of their storage, drawn up in accordance with the established procedure. Each document, having undergone registration and processing, it is filed in the corresponding folder. All folders which are in accounting service of budgetary institution form the nomenclature of cases. The nomenclature of cases approved by budgetary institution shall conform to the established requirements of regulatory legal acts of the Kyrgyz Republic.

46. Each folder in which accounting documents are filed shall contain the following information on the face:

- number of the folder;

- name of the folder;

- accounting period;

- name of budgetary institution;

- closing date of the folder.

§ 2. Financial accounting document storage

47. Source accounting documents, bookkeeping registers and the reporting before transfer them in archive shall be stored in accounts department in special rooms or the closed cases.

48. Cards are stored in card-indexes in which they are located on elements with separation in them on LIKE, and in centralized accounts departments - and on the served budgetary institutions.

49. Accounting cards of materials, invaluable objects, etc. are given in archive in the hemmed type together with the register of cards, bookkeeping registers and other accounting documents, every two years. In the same terms are given in archive of the accounting card of the fixed assets which were disposed within year.

50. The inventory of inventory cards on fixed asset accounting in the OS-10 form is given in archive when in it there are marks about write-off of stock by the last inventory card of the OS-6 form the budget, OC-8, OS-9. Delivery of inventory cards in archive without inventory is performed according to the register of delivery of documents (Form 2) in which number of card and the name of written off stock, and in centralized accounts departments, besides, and the name of the served budgetary institution are specified.

51. Document transfer in archive and term of their storage is determined by the legislation of the Kyrgyz Republic on archiving. The documents certifying delivery of cases in archive are stored constantly in accounts department.

52. The storage duration of source accounting documents, bookkeeping registers and the reporting in budgetary institution constitutes 6 years.

53. Analytics of forms of the strict accounting are kept in the book on accounting of forms of the strict accounting (the Form 37).

§ 3. Registration of economic activities

54. All economic activities are registered in bookkeeping registers.

55. Before registration in bookkeeping registers, source documents are checked for correctness of their registration and availability of legal causes for their statement.

§ 4. General requirements to document flow

56. Financial accounting in budgetary institutions is kept in memorial and order form of financial accounting by means of double record on elements of the Chart of accounts.

57. The fact of making of economic activity is drawn up by source supporting documents which are constituted at the time of making of transaction or directly after its termination. All correctly processed source documents shall contain obligatory details. Obligatory details in source documents are:

- name of the source document;

- the name of the organization on behalf of which the document is constituted;

- date of creation and document number;

- activity description;

- amount in figures and copy-book;

- unit of measure (in natural and monetary value);

- the name of positions of persons (with indication of their surnames and initials), responsible for making of economic activity;

- authorized signatures;

- seal of budgetary institution (in transactions with external partners).

58. Depending on technology of processing of accounting information source accounting documents can include additional details (codes, control marks, etc.) which are not violating requirements of regulatory legal acts for financial accounting.

59. Documents based on which payment of money is made of the unsigned head of the budgetary institution or person who is temporarily fulfilling its duties, the chief accountant or his deputy are invalid and are not subject to execution. Receipt cash orders are valid in the presence of the signature of the chief accountant or his deputy and the cashier.

60. Source documents are numbered one after another. For each type of primary documentation the consecutive numbering is possible. Numbering with use of additional digital or alphabetic references to the main sequence number is forbidden. The procedure and terms of provision of reports and source documents in accounting service of budgetary institution are established by the chief accountant and affirm the head of budgetary institution.

61. For reliability, timely provision and the correct execution of source documents bear responsibility persons who created and signatory these documents.

62. In case of disagreements between the head of budgetary institution and the chief accountant or person keeping financial accounting on implementation of separate economic activities documents on them can be accepted to execution from the written order of the head of budgetary institution who bears complete responsibility for consequences of implementation of such transactions.

63. Source documents are filled in at the time of transaction making and if it is impossible, then at once after its completion with use of the computer or manually. When filling with manual method of record are made by blue paste. Free lines procherkivatsya. The amounts are specified by figures (with the decimal category) and in cursive script.

64. This containing in source documents of budgetary institution are subject to timely registration in bookkeeping registers.

65. Obligatory details of bookkeeping registers are:

- name of the register;

- the name of the budgetary institution which constituted the register;

- start and end date of maintaining the register or the period for which it was constituted;

- the size of cash measurement of objects of financial accounting with indication of unit of measure;

- the name of positions with indication of surnames and initials of persons responsible for maintaining the register;

- signatures of persons responsible for maintaining the register.

66. Bookkeeping registers are kept by financing sources.

67. Books of financial accounting on papers in the presence in them after year of free sheets can be used for record of transactions of the next year.

68. In ledgers prior to records all pages (sheets) nomerutsya. On the last page (sheet) signed by the chief accountant the text becomes: "In this book of all it is numbered ______ pages (sheets)". On each book it is inscribed: the name of budgetary institution and year on which the book is open. In the book the table of contents of the elements opened in it is reflected. In case of transfer of records on other page of the book in table of contents on this element the mark about transfer of record with indication of numbers of new pages becomes.

69. Analytics are kept in bookkeeping registers: on cards, accumulative sheets, books, including using packets of application programs of financial accounting.

70. Bookkeeping registers on synthetic and analytical accounts open records of the amounts of remaining balance for the beginning of year according to the closing balance sheet and bookkeeping registers for the expired year.

71. Entries in bookkeeping registers are made by ink, paste of ball pen or by means of the automation equipment from source accounting documents, no later than the next day after their obtaining.

72. Upon termination of every month in bookkeeping registers results of turnovers are counted and remaining balance on elements is removed.

73. Source accounting documents checked and accepted to accounting are systematized on transaction dates (in chronological procedure) and drawn up by separate memorial orders - accumulative sheets on sources of financing to which permanent sequence numbers are assigned: 1, 2, 3, 4, 5, 8, 9, 10, 11, 12, 13, 14 and 15.

74. Records in memorial orders are performed in process of making of transactions (but no later than the next day on receipt of source accounting document), both based on separate documents, and based on group of uniform documents. Correspondence of elements in the memorial order registers depending on nature of transactions on the debit of one element and the credit of other element or the debit of one element and the credit of several elements.

75. The amount of the memorial order registers at first in the column "The Amount according to the Order", and then in the debit and the credit of the corresponding elements. The amount of turnovers in month on all elements, both on the debit, and on the credit shall be equal to result of the column "The Amount according to the Order". By the second line after turnovers in month the remaining balance for the beginning of the next month on each element is removed.

76. On transactions of Storno separate memorial orders (MO-Storno Form) which are numbered, starting with number 16, for every month are constituted.

77. To reflection of expenses by codes of economic classification of budget expenses of the Kyrgyz Republic disaggregation is applied to the memorial order (the Form 3).

78. Memorial orders are signed by the chief accountant or his deputy, and in case of accounting centralization - besides, and the head of group of accounting.

79. After each month under report memorial orders - accumulative sheets together with the documents relating to them shall be picked up in chronological procedure and are filed. In case of the insignificant number of documents it is possible to make filing in two-three months and more in one folder. On cover are inscribed: name of budgetary institution; name and sequence number of the folder, case; the accounting period - year and month; initial and last numbers of memorial orders; the number of sheets in case.

80. The book "Magazine-main" (the form 308) opens records of the amounts of remaining balance for the beginning of year according to the closing balance sheet for the expired year. Account in the book "Magazine-main" is kept on accounts according to the Chart of accounts, separately on financing sources.

81. Signing up in "Magazine-main" is made in process of creation of memorial orders.

82. Cards (except cards on fixed assets) are registered in the register of cards (Form 4) which is conducted for each account separately. Cards for fixed asset accounting are registered in the inventory of inventory cards on fixed asset accounting (the OC-10) Form.

83. Bookkeeping registers in the foreign institutions and budgetary institutions which are responsible for projects implementation, financed by foreign states and the international organizations (further - ORP), are kept both in functional currency, and in representation currency. The functional currency is the currency used in the main economic environment in which budgetary institution performs the activities. Currency of representation is the national currency of the Kyrgyz Republic - the Kyrgyz som.

84. The transactions considered in bookkeeping registers in foreign currency are converted into national currency on accounting rate of National Bank of the Kyrgyz Republic (further - NBKR) for transaction date. Cash items in foreign currency are recalculated for each reporting date on the accounting rate of NBKR operating for this date. The exchange differences arising in case of recalculation on cash items are recognized the income or losses. The cash item is asset item or obligations concerning which obtaining or payment of money is made in foreign currency.

85. Source accounting documents can be withdrawn with the consent of the head of budgetary institution, only by bodies of inquiry, pretrial investigation and prosecutor's office, courts, tax authorities based on their resolutions according to the legislation of the Kyrgyz Republic.

86. Withdrawal is drawn up by the protocol which copy is handed on receipt to the corresponding official of budgetary institution. With permission and in the presence of representatives of the bodies making withdrawal, the corresponding officials of budgetary institution can make copies of the withdrawn documents with indication of the bases and date of their withdrawal.

87. If not completed volumes of documents (which are not strung together not numbered, etc.), with permission are withdrawn and in the presence of representatives of the bodies making withdrawal, the corresponding officials of organizations can complete these volumes (to make the inventory, to number sheets, to string together, seal, assure the signature, seal).

88. In case of loss or destruction of source accounting documents, the head of budgetary institution creates the order the commission on investigation of the reasons of their loss or destruction. Results of work of the commission are drawn up by the act which affirms the head of budgetary institution.

89. The main forms of bookkeeping registers are established according to Appendix 1 to this Provision.

§ 5. Error correction in accounting entries

90. The wrong application of requirements of regulatory legal acts in the field of financial accounting, inaccuracy in arithmetic calculations, incorrect classification of economic activities, the wrong interpretation of the available information, unfair activities of officials of budgetary institution, etc. can become the reason of mistakes. The chief accountant of budgetary institution shall carry out monitoring of correctness of application of requirements of regulatory legal acts in the sphere of financial accounting.

91. For detection of mistakes the chief accountant holds the following events: reconciliation of receivables and payables; reconciliation of balances in cash on treasury, bank accounts and in cash desk; inventory count of inventory items; overview of accounting entries, selective testing and other procedures of internal control.

92. In case of detection of mistakes, the chief accountant finds out origin of mistakes, persons which made mistake and how this mistake influenced the financial reporting. If by results of such investigation it becomes clear that the material mistake, then to the head of budgetary institution goes the service record about receipt of permission to error correction.

The mistake is essential if the omission or misstatement of information connected with this mistake reduce or increase balance currency by reporting date for 1% or more.

The balance currency is total sum on asset or liability of the balance sheet. The total sum shall be identical on asset and on liability of the balance sheet owing to double record.

93. Having got written approval from the head of budgetary institution, the chief accountant makes error correction.

94. Error correction, found in records of financial accounting, is made in the following procedure:

a) the found error for the accounting period until submission of the balance sheet which is not requiring change of data of the memorial order improves by deletion by thin line of the wrong amounts and the text so that it was possible to read crossed out and inscribing over crossed out the corrected text and the amount. At the same time here on fields against the corresponding line signed by the chief accountant the clause becomes "Is corrected";

b) the found wrong record until submission of the balance sheet caused by mistake in the memorial order depending on its nature, improves the additional memorial order or on the method "Red Storno"; in the same way errors in all cases when they are found in records of financial accounting for that accounting period for which the balance is already provided are corrected;

c) additional accounting entries on error correction, and also correction by method "Red Storno" are drawn up by the accounting reference (Form 5) in which reference to number and date of the corrected memorial order, the document, reasons for introduction of correction is made. Based on the accounting reference (The form 5) is constituted the memorial order (MO-Storno Form).

95. If budgetary institution finds accounting errors, then based on the corresponding written order corrections by registration of the same accounting entry, but with minus sign are made to bookkeeping registers. If mistakes belong to last accounting years, then adjustment of such mistakes is made through the Financial result element 41111 100.

96. In case of detection in output document forms of mistakes the accounting service performs diagnostics of wrong data, entering of corrections into the corresponding databases and receipt of output document forms taking into account corrections. Introduction of corrections is performed by date of detection of wrong data by obligatory execution of the changed documents, the reversing postings. Without registration of documentary confirmation any corrections directly in electronic databases are not allowed.

97. For control of correctness of accounting entries on accounts synthetic and analytics turnover sheets are constituted: Form 6 (the turnover sheet on the account _____), the M-7 Form (the turnover sheet on material inventories) and the M-8 Form (the turnover sheet on fixed assets) on each group of the analytical accounts and responsible persons united by the corresponding synthetic account.

98. Turnover sheets are constituted monthly no later than three working days since the beginning of month, except fixed assets and invaluable objects in which turnover sheets are constituted quarterly.

99. Results of turnovers and remaining balance on each element of turnover sheets are verified with results of turnovers and remaining balance of these elements of the book "Magazine-main" (the Form 308). Entries in turnover sheets can be made in need of current of several years.

100. Correction in bookkeeping registers concerning the closed accounting periods is not allowed.

101. In cash and bank documents of correction are not allowed.

Chapter 5. Accounting principles of the income and expenses

§ 1. Accounting of the income

102. The income is the increase in economic benefits during the accounting period happening in the form of receipt or increments of assets or reduction of obligations which is expressed in increase in net assets.

103. The capital received from other subjects of the sector of public administration and also change of fair (market) asset cost, initially held for sale, are not and considered by the income directly on accounts of net assets.

104. Accounting of income gained from rendering the paid state and municipal services established by regulatory legal acts of the Kyrgyz Republic is performed by budgetary institutions on cash method.

§ 2. Expense accounting

105. The expense is the reduction of economic benefits during the accounting period happening in the form of disposal or depletion of assets or increase in obligations which leads to reduction of net assets. The capital brought (transferred) by budgetary institution to other subjects of the sector of public administration, and also change of fair (market) asset cost, are not and considered by expenses directly on accounts of net assets.

106. Expenses are recognized or when charging the corresponding obligations, or in case of payment of money the following type:

a) expenses on subsidies and grants, except for fees in the international organizations and associations within the Commonwealth of Independent States (further the CIS), are recognized at the time of payment of money. Fees in the international organizations and associations within the CIS are recognized at the time of recognition of the corresponding obligations;

b) payroll costs are recognized at the end of every month at the time of recognition of obligations on the salary and other remunerations for work to employees of budgetary institutions. At the same moment the corresponding expenses concerning fees on the national social insurance are recognized;

c) expenses on use of goods and services are recognized the following procedure:

- the expenses connected with office trips are recognized at the time of approval by the head of budgetary institution of expenses of the worker on office trips (business trips);

- expenses for utilities and communication services are recognized at the time of obtaining from municipal services of invoices for payment;

- expenses on the rent are recognized the end of every period for which budgetary institution, according to lease agreements, shall make the rent;

- expenses on transport services concerning fuels and lubricants (further - fuel and lubricants) and spare parts are recognized at the time of approval by the head of budgetary institution of the amounts of actually used inventories of fuel and lubricants and spare parts, concerning repair of vehicles third parties and transportation services of passengers and freights - at the time of the actual rendering services agrees to the invoices for payment and acts of the performed works which are made out to budgetary institution;

- expenses for services in the contract (legal, consulting, protection, in the field of information technologies and others) are recognized at the time of the actual rendering services according to the invoices for payment and acts of the performed works which are made out to budgetary institution;

- expenses for services in running repair of fixed assets are recognized at the time of complete completion of works on repair or the terminations of the intermediate stage of works based on the act of the performed works and the invoices for payment which are made out to budgetary institution;

- the expenses connected with use of objects and materials for the current economic purposes are recognized in date of transmission of objects and materials in operation, except for the invaluable and quickly wearing out objects recognized by expenses at the moment of their complete wear under acts of write-off;

- entertainment expenses are recognized at the time of approval of these expenses by the head of budgetary institution based on the source documents confirming the fact and representative nature of expenses;

- expenses for forms of the strict accounting are recognized in date of transmission of forms for their actual proper use;

d) depreciation expenses of fixed assets are recognized budgetary institution for accrual date of depreciation;

e) expenses on percent are recognized on periodic basis according to conditions of credit agreements and loan agreements;

e) subsidies to the state companies and grants are recognized at the time of the actual provision of subsidies and grants;

g) expenses on social benefits are recognized at the next moments:

- social security benefits - on monthly basis at the time of charge of obligations on social security;

- benefits on the public assistance - at the time of the actual allowance payment and privileges connected with the public assistance to the population;

h) grants are recognized at the end of every month at the time of recognition of obligations on grants;

i) compensation payments for transport are recognized at the time of the actual provision of the relevant documents.

§ 3. Accounting of traveling expenses

107. The direction of workers in official journeys within the Kyrgyz Republic is made based on the order (order) of the head of budgetary institution with execution of the business trip order (in No. T-10) Form, and out of limits of the Kyrgyz Republic without execution of the business trip order.

108. The business trip order - the document certifying time and the place of stay of the worker on official journey.

109. In the actual afternoon of departure of the worker in official journey day of departure of road, air or rail transport from the place of permanent job is considered. In the actual afternoon of arrival of the worker from official journey day of arrival of the specified vehicles to the place of permanent job is. In case of departure of the vehicle till 24:00 o'clock inclusive the current days, and from 00:00 o'clock and later - the next days are considered as day of departure of the worker to official journey.

110. To the worker in case of its direction in official journey the cash advance on transportation, hotel and daily issues according to the regulations of traveling expenses established by the Order of the Government of the Kyrgyz Republic of August 26, 2008 No. 471 "About setting standards of traveling expenses and procedure for their compensation" is issued.

111. Transportation expenses - the expenses connected with journey to the place of official journey and back to the place of permanent job also consist from:

a) expenses on journey to the place of business trip and back to the place of permanent job;

b) additional expenses on journey in the presence of supporting documents;

c) the expenses connected with transportation to the airport and back from the place of permanent job.

Supporting documents are: air tickets, boarding passes, the railway ticket, purchasing acts with the individual entrepreneurs working according to the patent, the cash register receipts and other documents confirming journey.

112. Hotel expenses - the costs connected with hiring of premises during official journey.

113. Daily issues - additional expenses, except transportation and hotel expenses, connected with accommodation out of the permanent address during official journey.

114. The actual term of stay of the worker on official journey in the territory of the Kyrgyz Republic is determined based on data of the business trip order, documents on the transportation and hotel expenses represented by the employee upon return from business trip.

115. The actual term of stay of the worker on official journey outside the Kyrgyz Republic is determined based on the provided air tickets, boarding passes and mark in the foreign passport.

116. Taking into account range of distance, conditions of transport connection, nature of the performed task, and also need of creation to the worker of conditions for rest, the decision on daily return of the worker from the place of sending to the place of permanent job in each case is made by the head of budgetary institution and is provided in the relevant order on sending of the worker.

117. In case of the direction of the worker in official journey to several countries, the state body constitutes the working schedule taking into account duration and rational use of time for the business trip period. Based on the working schedule the order on official journey where the number of days and adoptive state is specified is drawn up.

118. In case of forced stoppage in transit, in case of the direction in official journey, expenses according to the regulations provided by the Order of the Government of the Kyrgyz Republic of August 26, 2008 No. 471 "About setting standards of traveling expenses and procedure for their compensation" are refunded to the worker.

119. The worker upon return from official journey shall submit within three working days in accounting service the expense report about the spent amounts and return remaining balance of unused advance payment in cash desk.

§ 4. Accounting of entertainment expenses

120. Expenses belong to entertainment expenses on:

- holding formal reception (breakfast, lunch or other similar action) and (or) servicing of representatives of foreign delegations, and also the officials participating in negotiations;

- carrying out round tables, presentations, meetings with representatives of the international organizations;

- holding festive events (congratulatory meetings for employees and veterans);

- transport service of delivery of the above-stated persons to the venue of representative action and (or) meeting of state body and back;

- buffet servicing during negotiations, meetings, meetings, etc.;

- fee of the translators who are not on the staff of budgetary institution on ensuring transfer to time of holding representative actions;

- acquisition of souvenirs.

121. In case of holding the actions listed in Item 120, the order (order) of the head of budgetary institution where affirms is issued:

a) the list of the officials who are part of delegation;

b) the list of the officials participating in action;

c) list of persons responsible for holding action;

d) the list of persons performing the support functions (translators, etc.) listed in the program of action;

e) date and venue of action;

g) program and estimate of action.

122. Entertainment expenses, are made within the estimate approved by the order (order) of the head of budgetary institution. Buffet servicing joins expenses on acquisition of tea, coffee, mineral water, juice, confectionery, etc. Expenses on acquisition of food, including alcoholic drinks, for the organization of formal reception, are considered as a part of entertainment expenses.

123. The adopted agenda and the estimate of action is the basis for provision by accounting service to the responsible person for holding action of money on payment of entertainment expenses, and also on payment of account, exposed by the supplier.

124. Upon termination of action the responsible person for holding action draws up the statement of holding action and the report confirming actually made expenses with appendix to it of source documents. The act and the report affirm the head of budgetary institution.

125. The worker responsible for holding action shall submit within three working days in accounting service the expense report about the spent amounts with appendix of the act and report with appendix of source documents and to return remaining balance of unused advance payment in cash desk.

126. Regulations of entertainment expenses for budgetary institutions are established by the main managers of budgetary funds.

Chapter 6. Accounting principles of non-financial assets

§ 1. Recognition of fixed assets

127. Fixed assets are recognized quality of assets when the listed conditions are satisfied below and below:

- receipt of the future economic benefits or office potential connected with asset is probable;

- original or fair value of fixed assets can be reliably measured;

- the useful life of fixed assets constitutes more than one year. The term of useful service of fixed assets is period of time during which the budgetary institution uses asset.

128. Concerning each asset degree of definiteness (probability) of receipt of future economic benefits or the office potential connected with asset for recognition is estimated by its fixed asset.

129. If infrastructure assets occupy essential share in the total amount of fixed assets, they shall be revealed separately in notes to the financial reporting. Infrastructure assets are those in which the following characteristics are inherent:

- they are part of system or network;

- they have specialized character and have no alternative use;

- they are immovable;

- they can have certain restrictions for sale.

130. For example, infrastructure assets are: networks of roads, sewer systems, utility power systems, networks of communications, etc.

131. Fixed assets originally are recognized the historical cost accounting.

The original cost of fixed assets represents the amount of the paid money or cash equivalents or fair value of other counter provision transferred for acquisition of fixed assets at the time of its acquisition or construction.

132. If fixed assets were received free of charge and their book value is known, then such fixed assets are considered at book value.

Book value of fixed assets is original cost minus accumulated depreciation and cumulative impairment losses for certain date.

133. If book value of the received fixed asset is unknown, then such fixed assets are carried at fair value.

Fair value of fixed assets is the amount for which it is possible to exchange fixed assets during transaction between informed, wishing to make such transaction and the parties independent from each other.

134. If costs by determination of fair value are essential, then such fixed asset is considered vnesistemno (behind balance).

135. If book value of fixed assets on reporting date considerably exceeds its fair value, then in accounting impairment of this fixed asset to its fair value, by recognition of impairment losses is made. Decrease in fair value of the car as a result of serious casualty can be example of impairment of fixed assets.

136. After initial recognition fixed assets are considered on original cost minus accumulated depreciation and the losses which are saved up as a result of impairment. The exception is constituted by the cultivated assets and library stock which are considered on original cost and further will not be amortized.

137. The parcels of land and buildings are separable assets and are considered separately. The parcels of land for the purposes of financial accounting are considered on acquisition value. If the parcel of land is allocated to organization on a grant basis, it is considered in the special sheet.

138. The original cost of fixed assets joins purchase price, import duties and purchase taxs, and also any directly attributable delivery costs and reduction of fixed assets in the working condition on purpose. Any trade discounts shall be subtracted from purchase price, and markups to be added. Can be directly attributable costs:

- initial costs on delivery and unloading of asset;

- costs for installation and installation;

- costs for professional services, such as services of architects, engineers, etc.;

- design estimates development costs;

- the costs connected with renewal of the acquired motor transport.

139. The expenses which do not have to acquisition of fixed assets or its reduction in the working condition direct reference are recognized expenses of the accounting period and will not join in its original cost.

140. If fixed assets are created by own forces, then their original cost is determined with use of the above described criteria.

141. The subsequent expenses relating to fixed assets shall increase to book value of fixed assets if during aggregate term of use of fixed assets receipt by budgetary institution of future economic benefits or the office potential exceeding the last calculated performance level of the available asset is probable. Main types of the subsequent expenses relating to fixed assets:

- modification of the equipment for increase in its useful life, including increase in its performance;

- upgrade of parts of the equipment for receipt of significant improvement of quality of production;

- acceptance of the new production processes allowing to reduce significantly the last calculated level of operating expenses.

142. Concerning such subsequent expenses added to the cost of fixed asset in this Provision the term "capitalization of costs" (capital repairs) is used.

143. Can be capitalization of costs (capital repairs):

- strengthening of seismic stability of the building in comparison with originally calculated regulations;

- change of important structural elements of the building which led to high-quality changes of functioning of the building: establishment of new system of heating which was not provided earlier; considerable re-planning of rooms by demolition and/or additions of internal walls; reshaping of basements for their further use on other appointment; replacement of the existing elements (floors, windows, walls) by elements from better materials.

144. Costs which do not increase future economic benefit from fixed assets shall be written off on expenses of the accounting period. Costs for running repair are costs which go for maintenance of current status or recovery of fixed assets to normal performance level and shall be written off on period expenses.

145. Decisions on reference of subsequent costs on the fixed asset cost (capitalization of costs) or recognition of expenses shall be supported with professional opinion of the specialists responsible for technical condition and servicing of these fixed assets.

§ 2. Unit of fixed asset

146. Unit of financial accounting of fixed assets is inventory object. In case of availability at one object of several parts having different useful life, each such part is considered as independent inventory object.

147. Separate inventory object the finished constructive device with all devices and accessories relating to it, or structurally isolated subject intended for accomplishment of certain independent functions, or the isolated complex of structurally jointed objects representing whole and jointly performing certain work is considered.

148. All communications (system of heating in the building, including boiler installation for heating, internal network of power and lighting electrical wiring, internal network of water supply system, the gas pipeline and sewerage with all devices, etc.) which are in the building necessary for its operation are part of the building. The external extensions to the building having independent economic value, separate buildings of boiler rooms, and also capital outdoor constructions (warehouses, garages, etc.) are independent inventory objects.

149. If buildings adjoin to each other and have general wall, but each of them represents independent constructive whole, they are considered as separate inventory objects. The outdoor constructions, barriers and other outdoor constructions serving the building (shed, fence, well, etc.), constitute together with it one inventory object. If these constructions and constructions serve two and more buildings, they are considered as independent inventory objects.

150. Fixed asset accounting is kept by inventory objects in places of their storage and responsible persons.

§ 3. Fixed asset depreciation

151. Concerning each asset depreciable cost is determined. This cost is distributed further (is recognized expenses) on systematic basis (annually) throughout all useful life of asset.

152. Depreciable cost of fixed assets is original cost minus salvage value.

153. Liquidating (residual) fixed asset cost is estimated amount which the budgetary institution would receive from asset realization less expected costs for disposal at the moment if this asset already reached that age and condition in which as it is possible to expect, it will be in the end of term of useful service.

154. The rectilinear depreciation method is applied to distribution of depreciable cost of asset. This method means that charge of depreciation expenses is made in the permanent amount throughout all term of useful service. The annual amount of the depreciation charges for each accounting period is calculated by division of depreciable cost for the term of useful service of asset.

155. The depreciation is made as of reporting date on December 31 accounting year.

156. Asset depreciation begins with the moment of its commissioning on equally pro rata basis by separation of annual depreciation amount on 12 months and multiplication of monthly depreciation amount on the number of months from the moment of commissioning.

157. In case of write-off or transfer of asset depreciation is charged for date of asset retirement on equally pro rata basis by separation of annual depreciation amount on 12 months and multiplication of monthly depreciation amount on the number of months for date of asset retirement.

158. Fixed asset depreciation stops in case of its classification as asset, held for sale, or in case of asset derecognition for date of its disposal. In case the fixed asset ceases to be used actively, the depreciation does not stop if only this fixed asset was not completely amortized.

159. The earth has the unrestricted term of use.

160. Depreciation on values, the earth, the cultivated assets and library stock is not charged.

§ 4. Terms of useful service of fixed assets

161. This Provision establishes the following terms of useful service (advanced in years) for groups of fixed assets:

Name of group of fixed assets

UNION OF RIGHT FORCES

 

Residential buildings and rooms

 

1

Apartments:

 

1.1

Individual houses (one-apartment);

(frame and panel board, derevometallichesky, frame and sewing and panel one - two - and more floor)

80

1.2

Apartment (two and more room);

(with steel concrete and metal and other durable coverings, large blocks and panels, brick columns and columns)

100

2

Houses:

 

2.1

Specialized houses, hostels, boarding schools for children of orphans, orphanages, medico-social organizations and the center of social adaptation for persons which are not taking certain residence;

(with steel concrete and metal and other durable coverings, large blocks and panels, brick columns and columns)

100

2.2

Specialized houses, boarding schools for children of orphans, orphanages, medico-social organizations and the center of social adaptation for persons which are not taking certain residence;

(houses are pise-walled, adobe, wooden, samanny, kamyshitovy and other similar derevometallichesky)

20

2.3

Other other residential buildings and other structures suitable for accommodation; Collapsible and portable buildings, floating houses, barges, residential vans and trailers

10

 

Non-residential buildings

 

3

Industrial buildings:

 

3.1

Storages for gas underground, all-commodity wholesale warehouses, refrigerated warehouses, tank farms and reservoirs; (with steel concrete, brick columns and columns)

35

3.2

The markets, trade organizations, repair shops, stations on maintenance and car repairs;

35

3.3

Buildings portable and other buildings: Tents shops, pavilions, booths and stalls, (metalwork, derevometallichesky, fibreglass, the pressed plates and wooden)

9

4

Buildings for public entertainment:

 

4.1

Theaters, concert and cinema and concert halls, movie theaters, circuses, museums, libraries, art galleries, sport centers and rest house;

(with steel concrete and metal and other durable coverings, large blocks and panels, brick columns and columns)

100

4.2

Theaters, concert and cinema and concert halls, movie theaters, circuses, museums, libraries, art galleries, sport centers and rest house;

(buildings are pise-walled, adobe, wooden, samanny, kamyshitovy and other similar derevometallichesky)

20

5

Buildings of the medical organizations:

 

5.1

Hospitals, dispensaries, hospitals, children's homes, pathoanatomical bureau, special laboratories, laboratories on medicines, the center of judicial examination, factory buildings medical the organizations;

(with steel concrete and metal and other durable coverings, large blocks and panels, brick columns and columns)

100

5.2

Hospitals, dispensaries, hospitals, children's homes, pathoanatomical bureau, special laboratories, laboratories on medicines, the center of judicial examination, factory buildings medical the organizations;

(buildings are pise-walled, adobe, wooden, samanny, kamyshitovy and other similar derevometallichesky)

20

6

Buildings of educational institutions:

 

6.1

Higher educational institutions, educational institutions of technical professional education, general education organizations, preschool educational organizations;

(with steel concrete and metal and other durable coverings, large blocks and panels, brick columns and columns)

100

6.2

Higher educational institutions, educational institutions of technical professional education, general education organizations, preschool educational organizations;

(buildings are pise-walled, adobe, wooden, samanny, kamyshitovy and other similar derevometallichesky)

20

7

Office buildings:

 

7.1

Universal office buildings, buildings of bank, the building of judicial bodies, buildings of foreign missions, buildings for holding of conferences and the congresses;

(with steel concrete and metal and other durable coverings, large blocks and panels, brick columns and columns)

100

7.2

Universal office buildings, buildings of bank, the building of judicial bodies, buildings of foreign missions, buildings for holding of conferences and the congresses;

(buildings are pise-walled, adobe, wooden, samanny, kamyshitovy and other similar derevometallichesky)

20

8

Buildings of communications, stations, terminals and auxiliary structures:

 

8.1

Buildings of air terminals, airports, broadcasting stations, satellite land stations, automatic telephone exchange buildings;

40

9

Civil buildings:

 

9.1

Garages for cars, car parks;

(with steel concrete and metal and other durable coverings, large blocks and panels, brick columns and columns)

25

9.2

Garages for cars, car parks (wooden, pise-walled, samanny and other similar derevometallichesky)

10

10

Other not residential buildings:

 

10.1

Greenhouses, poultry farms, elevators, buildings for construction of animals, storages for vegetables and fruit, wineries, granaries;

(with steel concrete, brick columns and columns)

25

10.2

Greenhouses, poultry farms, elevators, buildings for construction of animals, storages for vegetables and fruit, wineries, granaries;

(wooden, pise-walled, samanny and other similar derevometallichesky)

10

11

Other buildings:

 

11.1

Customs posts, barracks, buildings of military units, prisons, correctional institutions, baths, buildings of consumer services;

(with steel concrete, brick columns and columns)

25

11.2

Customs posts, barracks, buildings of military units, prisons, correctional institutions, baths, buildings of consumer services;

(wooden, pise-walled, samanny and other similar derevometallichesky)

10

 

Constructions

 

12

Bulk distribution lines, communication lines and energy (cable) lines:

 

12.1

Highway pipeline, water, communication lines (television, radio, telegraph, phone and other lines), energy (cable) lines big extent;

15

12.2

Hydraulic engineering constructions: Dikes;

(concrete, steel concrete, stone)

100

12.3

Local lines of gas supply, pipelines for water supply, sewer networks, power lines and communications;

(on metal support, steel concrete and concrete, brick and pig-iron)

25

13

Highways, streets, roads:

 

13.1

Highways, streets, roads; (concrete and steel concrete)

30

14

Railroads:

 

14.1

Railroads big extent; (platforms stone, concrete and steel concrete)

50

14.2

City railroads;

20

14.3

Bridges, elevated highways, tunnels and underground roads;

(metal and steel concrete)

50

14.4

Harbors, waterways, dams, irrigation systems and other water management constructions;

15

14.5

Wells are oil, artesian wells and other constructions for the mining industry

25

14.6

Constructions sports and vacation spots, construction on environmental protection; Fields and platforms, skiing lodges and half-closed shooting shooting galleries, shooting ranges, stands and blindages

20

15

Other constructions:

 

15.1

Protective barriers (fences); stone, steel concrete and metal

30

15.2

Protective barriers (fences); wooden on brick and steel concrete columns

25

15.3

Protective barriers (fences); wooden on wooden columns, etc.

10

 

Vehicles

 

16

Vehicles:

 

16.1

Passenger cars; cars with internal combustion engines with spark ignition (carburetor), (with engine capacity of 3,5 of l and the highest class)

5

16.2

Buses and cars special for transportation of ten and more people;

7

16.3

Cargo vehicles; cars dump trucks, truck cranes, bulldozers, tractors, graders tractors road and other vehicles;

7

16.4

Trains, railway locomotives and railway vehicles, passenger rail cars, luggage rail cars and special purpose;

20

16.5

Means transport military, fighting; tanks and armored cars the fighting motorized other and their parts;

30

16.6

Cargo vehicles; cars dump trucks, truck cranes, bulldozers, graders tractors road, excavators, trolleybuses and other vehicles;

8

16.7

Water vehicles and other vessels; boats, the ships, vessels and other watercrafts for transportation of passengers and freights;

20

16.8

Devices flying air balloons, helicopters and planes;

15

16.9

Means transport military fighting; tanks and armored cars the fighting motorized other and their parts;

25

16:10

Other vehicles; trail cars, semitrailer trucks, motorcycles, motor scooters, carriages motorcycle, bicycles and wheelchairs;

5

17

Mechanisms and equipment:

 

17.1

Production and agricultural mechanisms and equipment, trail cars and semitrailer trucks automobile, cars specialized (fire, sanitary, emergency and technical, tractors, combines, public transport)

7

17.2

Other machines and equipment; turbines, equipment hydraulic and wheels water, gas, wind, pumps hydraulic, hydroaggregates, turbocompressors, compressors, machines, furnaces and torches oven, auto-loaders, elevators, elevators, containers, household sewing machines, mills, plows, seeders, planters, mowing machines, harvesters, transformers, switchboards, accumulators and batteries, tanks, reservoirs metal lungs

5

17.3

Medical equipment and tools

5

 

Furniture and office equipment

 

18

Furniture office:

 

18.1

Furniture office metal, furniture from other materials; tables, chairs and furniture for sitting and its part

7

18.2

Furniture office wooden, furniture from plastic, including reed, bamboo or similar materials; tables, chairs and furniture for sitting and its part

5

18.3

Bookkeeping machines, cash registers, machines booking, machines for seal, the equipment refrigerating and ventilating, gas generators, machines copy and fax, offices of radio and teletransferring, cameras, telephone sets, devices, cameras and other the equipment;

3

18.4

Computer equipment: the personal computer, the monitor, the laptop, the modem, the printer, the accumulator memory, flash card, projectors, component parts of the computer and other machines for information processing

5

18.5

Musical instruments; piano, bodies and other tools

10

18.6

Goods sports; skis and equipment to them and other the equipment

2

19

Intangible assets:

 

19.1

Software; Database, system software, utility programs, application programs for training

5

19.2

Originals of works of entertaining genre, literature and art, derivative works

3

19.3

License agreements, patents, trademarks

2

§ 5. Procedure for write-off from balance of fixed assets

162. The derecognition of book value of fixed assets is made in the following cases:

- after disposal; or

- when from its operation any future economic benefits or office potential are not expected.

163. The profit or loss arising in connection with derecognition of fixed asset object without fail shall join in profit or loss from derecognition of such object.

164. Profit or loss, arising in connection with derecognition of fixed asset object, are determined as difference between net proceeds from disposal if those are available, and book value of this object.

165. Fixed asset retirement is made by budgetary institution in the procedure established by the legislation.

166. From balance fixed assets can be charged off:

a) become useless owing to physical wear, accidents, natural disasters, violation of normal service conditions and for other reasons;

b) obsolete;

c) in connection with construction, expansion, reconstruction and modernization of budgetary institutions, organizations and other objects.

At the same time fixed assets are subject to write-off only when it is impossible or economically inexpedient to recover them.

167. Write-off from balances of fixed assets is made in the following procedure:

- the cost of unit of fixed assets to 15000 som inclusive independently the receiver of budgetary funds;

- over 15000 som - with the permission of the main manager of budgetary funds;

- the main managers of budgetary funds make write-off of fixed assets from the balances irrespective of the cost of unit of fixed assets.

168. For determination of unfitness of fixed assets, impossibility or inefficiency of carrying out their recovery repair, and also for execution of necessary documentation on write-off of fixed assets in budgetary institutions the order of the head creates the permanent commissions in structure: head or his deputy (commission chairman); the chief accountant or his deputy (in organizations in which according to the staff list there is no position of the chief accountant, that person to who financial accounting is assigned); PIER.

169. In the budgetary institutions served by centralized accounts departments, the permanent commission heads of groups of accounting or other employees of this accounts department are included.

170. The permanent commissions perform the following actions:

a) make direct survey of the object which is subject to write-off, use at the same time necessary technical documentation (the passport, floor-by-floor plans and other documents), and also accounting data and establish unfitness it to recovery and further use;

b) if necessary can invite specialists of the relevant structures or independent experts for submission of the conclusion about unfitness of fixed assets (on the special equipment or the equipment);

c) establish the specific reasons of write-off of object (depreciation, reconstruction, violation of normal service conditions, accidents and others);

d) reveal persons because of whom there was premature fixed asset retirement from operation, make offers on involvement of these persons to the responsibility established by the current legislation;

e) determine possibility of use of separate nodes, details, materials of the written-off object and make their assessment;

e) exercise control of withdrawal from charged-off fixed assets of suitable nodes, details, materials, non-ferrous and precious metals, determine their quantity, weight and control delivery on the corresponding warehouse;

g) draw up the following statements on write-off of separate fixed asset objects:

- the act of write-off of fixed assets in budgetary institutions (the OC-4) Form;

- the act of write-off of vehicles in budgetary institutions (the OC-5) Form;

- acts of write-off of the literature expelled from library in budgetary institutions (the BF-9) Form.

171. The statements which are drawn up by the commission on write-off of fixed assets affirm the head of budgetary institution.

172. When the equipment is written off in connection with construction new, expansion, reconstruction and modernization of the operating objects, the commission shall check compliance of the equipment shown to write-off, the equipment provided in the plan of expansion, reconstruction and modernization of the operating objects approved by the main manager of budgetary funds and to make a reference in the act on their write-off to Item and approval date of the plan.

173. In acts the following data characterizing fixed asset objects are specified write-off: year of production or construction of object, date of its receipt in organization, time of commissioning, original cost of object (for revaluated - recovery), the amount of charged depreciation according to accounting data, the number of the made capital repairs. Also the reasons of disposal of fixed asset object, condition of its main parts, details, nodes, structural elements are in detail lit.

174. In case of write-off of vehicles, besides, the run of the car is specified and the technical characteristic of aggregates and details of the car and possibility of further use of the main details and nodes which can be received from dismantling is given.

175. In case of write-off from balance of the fixed assets which were disposed owing to accidents the copy of the act of accident is attached to the act of write-off, and also the reasons which caused accident are explained and the measures taken concerning perpetrators are specified.

176. In case of write-off from balance of the copy, computer equipment, means of communication copies of acts of technical expertize and possibility of further use of the main details and nodes which can be received from dismantling are attached.

177. All details, nodes and aggregates of the disassembled and dismantled equipment suitable for repair of other machines, and also other materials received from liquidation of fixed assets are credited on the corresponding accounts on which the specified values are considered, and unsuitable details and materials are credited as secondary raw materials.

At the same time accounting, storage, use and write-off of scrap and waste of ferrous, non-ferrous metals, and also scrap of raw materials is performed according to the procedure, established for primary raw materials, materials and finished goods.

178. Details, nodes and aggregates of the disassembled and dismantled equipment, and also the secondary raw materials received from dismantling of charged-off fixed assets which cannot be used for designated purpose, determined by the designer and/or the manufacturer, are subject to utilization.

179. The secondary raw materials received from dismantling of charged-off fixed assets and unsuitable for reuse in budgetary institution can be realized.

180. In case of violation of procedure for write-off from balance of fixed assets, and also the ownerless attitude towards material values, persons, guilty of it, bear responsibility in the procedure established by the legislation.

181. For control budgetary institutions shall carry out inventory count of fixed assets at least once a year.

§ 6. Accounting treatment for fixed assets

182. For the organization of accounting and ensuring control of safety of fixed assets to each object, except library stocks irrespective of whether there is it in operation, in inventory or on preservation, accession number which consists of twelve signs is assigned. The first eight signs designate element, the last four signs - sequence number of subject. This number shall be attached to fixed asset object (for example, drawing by paint, attachment of metal counter) for its identification. When inventory object has several parts having different useful life and which are considered as independent inventory objects, separate accession number is assigned to each part. If on the object consisting of several parts aggregate term of useful use is established, the specified object is registered for one accession number. The accession number assigned to fixed asset object remains behind it for the entire period of its stay in this organization. Accession numbers of the fixed asset objects which are written off from financial accounting are not assigned to the objects which are again accepted to financial accounting.

183. Analytics of fixed assets are kept on inventory cards on each inventory object, including:

- for accounting of buildings, constructions, transfer devices, machines and the equipment, tools, production and economic stock, vehicles, etc. the inventory accounting card of fixed assets in budgetary institutions is used (the OC-6) Form. Record is made based on source supporting documents: act of acceptance and commissioning, technical data sheet of manufacturing plant and other documents. In card characteristic signs of objects are specified: accession number of object, the drawing, model, type, brand, serial number, date of issue (production), date and number of the act of input of fixed assets in operation, data on depreciation, etc. Besides, registers the short individual characteristic for all fixed asset objects. When as a part of the equipment, devices, computer facilities, etc. there are precious metals, the list of details as a part of which there is precious metal, the name of detail and the mass of metal specified in the passport is specified. In case of fixed asset movement in budgetary institution record on the face of this card is made;

- for accounting of the working, productive and breeding cattle, and also for accounting of long-term plantings and capital expenditures on improvement of lands (without constructions) the inventory accounting card of fixed assets in budgetary institutions is used (the OC-8) Form. The individual characteristic of animal with indication of age, colors, the Tauri, nicknames, etc. is provided in card. For analytics of young growth of animals and animals on sagination, and also the productive and breeding cattle the book of accounting of animals is kept (the Form 35). Long-term plantings are considered on inventory objects with indication of type of planting, quantity of the landed units and the area. Project cost joins the amount of all expenses relating to the areas accepted in operation irrespective of the termination of all complex of works. Account of capital expenditures on improvement of lands is kept by actions: the layout of the parcels of land, korchevka of the areas under arable land, clearing of thickets, cleaning of reservoirs with indication of the occupied space and cost of the performed works on each action;

- for accounting of library stocks and scenic and production means the inventory card of group accounting of fixed assets is used (the OC-9) Form. For library stocks one card opens. Account in it is kept only in terms of money by total amount. Account of scenic and production means is kept on cards in quantitative and amount-based expression.

184. Inventory cards are registered in the inventory of inventory cards on fixed asset accounting (the OC-10) Form. The inventory is kept in one copy. Records in it are made by groups of fixed assets with indication of year of opening of cards. For each group the corresponding number of pages is taken away. Numbering is conducted on each group, starting with number 1. In centralized accounts departments of the inventory are conducted in the same procedure on each served budgetary institution. In case of disposal and fixed asset movement in the column "Note" of the inventory date (number, month, year) and number of the memorial order is specified.

185. Receipt of fixed assets from other budgetary institutions, internal transfer, their issue from warehouse are drawn up by the following source documents:

- delivery-acceptance certificate of fixed assets (OC-1) Form;

- delivery note on internal transfer (OC-2) Form;

- the delivery-acceptance certificate of the repaired, reconstructed and modernized objects (the OC-3) Form;

- delivery note (requirement) (No. M-11) Form;

- the technical documentation relating to the transferred fixed asset object (the passport, drawings, etc.).

186. The statement of receipt of fixed assets from other budgetary institutions is drawn up by the commission appointed by the head of budgetary institution, in duplicate. The corresponding technical documentation is attached to this act (the passport, drawings, etc.).

187. Acquisition of fixed assets at suppliers is considered according to the documents received from the supplier (the agreement, the invoice, delivery note, the purchasing act, etc.).

188. Acceptance of the performed works and the rendered services in completion and additional equipment of fixed asset object is drawn up by the act (the OC-3) Form. In the act change of technical characteristics and original cost of object as a result of reconstruction and upgrade is specified. The act is signed by persons, actionees and acceptance of works.

189. Accounting of transactions on disposal and fixed asset movement is conducted in the accumulative sheet (the MO-9) Form. Entries in the accumulative sheet are made according to each document, at the same time in the column "Total" the amount of the disposed and moved fixed asset objects which shall equal to the amount of debit entries of elements registers. Upon termination of month, results on elements register in the book "Magazine-main".

190. Issue of fixed assets from warehouse is made according to superimposed (requirements) which are written out in duplicate and affirm the head of budgetary institution.

191. Fixed asset transfer between the main managers of budgetary funds is made under the delivery-acceptance certificate, and in one main manager of budgetary funds - according to the documents confirming interdepartmental movement (the advice, delivery note).

192. The fixed assets received on a grant basis are considered at book value the transferring organization, i.e. on original cost minus the depreciation which is saved up before date of transmission.

193. The animals and plants reused or continuously more than one year, for production of goods or services treat the cultivated assets.

194. The breeding cattle, the dairy cattle, sheep and other animals used for wool production for races or entertainments, and also the guard dogs and horses used for accomplishment of office tasks concerns to animals.

195. The plants cultivated for cultivation of vegetables, fruit, nuts, etc. belong to plants. The animals and plants intended for one-time use (for example, animals for face), are classified as inventories, but not as fixed assets and are considered as raw materials and materials.

196. Young growth of animals and animals on sagination are monthly weighed, except young growth on which not the additional weight, but surplus is considered. The additional weight of young growth of animals and animals on sagination joins their initial weight, according to the act. The cost of additional weight is determined proceeding from the actual additional weight of animals for month under report by the planned cost of unit of additional weight.

197. On young growth of animals on whom the surplus is considered the cost of surplus is estimated proceeding from the actual number of the fodder-days of stay in economy estimated at the planned cost of cultivation at the rate of planned costs on one fodder-day of the corresponding type and groups of animals.

198. The young growth of animals received from issue in the economy is credited in day of otel, farrow, okot, etc. based on the act on issue at planned cost.

199. In the end of the year the planned cost of products of livestock production and cost of additional weight of young growth of animals is adjusted on the amount of the received economy or over-expenditure. On the revealed difference between planned and actual cost of products the corresponding elements of the income or expenses are debited or credited.

200. The cattle young growth passing for the next year for further cultivation and sagination and also the cattle young growth transferred in reporting year to the main herd is estimated on actual cost.

201. The case of young growth of animals and animals on sagination is considered as loss of production and their cost belongs on value addition of the grown-up livestock. Within accounting year these losses shall be written off in assessment which is registered for the beginning of accounting year, with accession of planned cost of additional weight or surplus from the beginning of year until case.

202. In case of case of animals because of responsible persons, the damage caused to economy is collected from perpetrators in accordance with the established procedure.

203. In case of acquisition of intangible assets by budgetary institution for resale, these assets shall be reclassified and be considered in the Inventories group on the corresponding elements.

204. Repair (restoration) of books does not increase original cost of books and is recognized period expenses.

§ 7. Accounting of intangible assets

205. For accounting of intangible assets the following concepts are used:

The intangible asset is the identifiable not cash asset which does not have physical shape, used in production or provision of goods or services for leasing, or for the administrative purposes.

Researches - the original and planned researches undertaken for the purpose of receipt of new scientific or technical knowledge and understanding.

Development - use of results of researches or other knowledge during the planning or design of production new or significantly the improved materials, devices, products, processes, systems or services prior to their commercial production or use.

Cost is the amount of the paid money or their equivalents, or fair value of other compensation transferred in case of acquisition of asset at the time of its acquisition or construction.

206. Any intangible asset which is result of researches (or implementation of stage of researches within the internal project), is not subject to recognition. Research costs (or on implementation of stage of researches within the internal project) are subject to recognition as expenses at the time of their origin.

207. The intangible asset which is result of developments (or implementation of stage of development within the internal project), is subject to recognition in only case when when the budgetary institution can show everything listed below:

- engineering feasibility of completion of creation of intangible asset so that it could be used or sold;

- intention to finish creation of intangible asset and to use or sell it;

- capability use or sell intangible asset;

- how the intangible asset will generate probable future economic benefits or service potential;

- availability of sufficient technical, financial and other resources for completion of development, use or sale of intangible asset;

- capability it is reliable to measure the costs relating to intangible asset in the course of its development.

208. The intangible asset shall be estimated originally at cost.

209. Cost of separately acquired intangible asset includes:

- purchase price;

- import duties;

- purchase taxs;

- directly attributable costs for preparation of asset for operation.

Trade discounts and compensations will read in case of cost determination.

210. Cost of internally created intangible asset represents cost amount, suffered from date when the intangible asset for the first time becomes to the answering recognition criteria as intangible asset.

211. Cost of internally created intangible asset includes:

- the costs for the materials and services used or consumed during creation of intangible asset;

- the salary and other costs connected with workers, directly busy in creation of asset;

- any costs which are directly attributable to the created asset, such as duty on registration of the legal right and depreciation of the patents and licenses used during creation of asset;

- overheads which are necessary for creation of asset.

212. Do not join in cost and are recognized period expenses:

- trading, administrative and other expenses which cannot be carried directly on preparation of asset for use;

- the initial operating losses suffered before achievement of planned targets of asset;

- costs for training of personnel for operation of asset.

213. In case of acceptance of intangible asset by budgetary institution on a grant basis, the cost of the received intangible asset is determined proceeding from its fair value.

214. Fair value of intangible asset can be determined on the basis of expert evaluation.

215. In case of impossibility of cost determination of intangible assets, the cost of intangible asset, is established proceeding from the price at which in comparable circumstances similar intangible assets are acquired.

216. Trademarks, title granted, copyright, lists of clients and similar on the substance of Article, created by budgetary institution independently, are not subject to recognition as intangible assets.

217. Costs for non-material Article are recognized as expenses at the time of their origin, except as specified, when they are included costs of the intangible asset meeting recognition criteria.

218. Costs for non-material Article which were originally acknowledged as expenses under the terms of this Section cannot be acknowledged as a part of cost of intangible asset for later date.

219. After initial recognition the intangible asset is considered at cost less any accumulated depreciation and any cumulative impairment losses.

§ 8. Inventories

220. Inventories are assets:

- held for sale during normal activities;

- in production process for such sale; or

- in the form of raw materials or materials, held for use in production process or in case of provision of services.

221. Strategic inventories - the goods stored in strategic objectives, having special value for the country and necessary for ensuring mobilization needs, first-priority works in case of mitigation of consequences of emergency situations and natural disasters for rendering the state support to various industries of economy, to the companies, budgetary institutions, the organizations for the purpose of stabilization of economy in case of temporary violations of supply with the most important types of raw material and fuel and energy resources, food in case of disproportions between the demand and supply in the domestic market, for humanitarian assistance.

222. The invaluable and fast-wearing-out objects are:

a) objects with useful life less than 12 months, irrespective of their cost;

b) objects irrespective of their cost and useful life:

- fishing tools (trawls, seines, networks, merezh and others);

- the special tools and special devices (tools and devices of purpose) intended for serial and mass production of certain products or for production of the individual order;

- the replaceable equipment (the devices reused in production to fixed assets and other devices called by specific conditions of production of products);

- special clothes, special footwear, and also bedding;

- uniform, the footwear intended for issue to employees of budgetary institution in accordance with the established procedure;

- shoddy (not title) constructions, devices and devices, expenses on which construction belong on expenses of construction works as a part of overheads;

- the objects intended for leasing under the agreement of hire;

- the long-term plantings which are grown up in nurseries as landing material;

c) petrolmotor saws, delimbers, splavny cable, seasonal roads, moustaches and temporary branches of forest roads, temporary buildings in the wood useful life up to 24 months (portable heating lodges, kotlopunkta, pilotochny workshops, gasoline stations, etc.).

§ 9. Assessment and write-off of inventories

223. Inventories are estimated on the smallest of two sizes: cost and possible net value of realization.

224. Possible net value of realization - expected selling price in case of the normal course of cases, less possible costs for performance of works and possible costs for realization.

225. If inventories are stored for future free distribution or distribution at cost, or for consumption in production process of goods which in the future are subject to free distribution or distribution at par value, such inventories are estimated on the smallest of two sizes: cost and current costs of compensation (recoverable amount).

226. Current costs of compensation (recoverable amount) - costs which would need to be made for acquisition of asset on reporting date.

227. The inventories collected from the cultivated assets are estimated at planned prices.

228. Cost of inventories is determined by weighted average cost.

229. Cost of inventories can be non-refundable if these inventories are damaged if they fully or partially became outdated or if their market value fell. In this case inventories are item by item written off to the possible net value of realization.

230. The size of partial cost depletion of inventories to the possible net value of realization, all losses of inventories shall be recognized as expenses during implementation of write-off or emergence of losses.

231. After sale, exchange or distribution of inventories the amount on which they were considered shall be acknowledged as expense in that period when the corresponding gross income is recognized. If the gross income connected with it is absent, the expense is recognized when goods are distributed.

232. The inventories recognized as expenses for the purposes of control can be considered further on accounts of financial accounting or in special sheets.

233. The inventories transferred between budget institutions of one main manager of budgetary funds expenses are not recognized, and are considered as internal transfer with use of accounts of interdepartmental calculations. The inventories transferred from budget institution of one main manager of budgetary funds to budget institution of other main manager of budgetary funds are recognized quality of expenses.

§ 10. Determination of cost of inventories

234. Cost of inventories includes all purchase costs, conversion and other costs incurred to bring inventories to their this location and condition.

235. Purchase costs of inventories include purchase price, import duties and other taxes (except those which are compensated further by tax authorities), the transportation, transport-forwarding and other expenses which are directly relating to stock acquisition. Trade discounts, returns of payments and other similar items are subtracted in case of cost determination on stock acquisition.

236. In particular, join in cost of inventories:

- the amounts paid according to the agreement to the supplier (seller) including the value added tax;

- the amounts paid to the organizations for the information and consulting services connected with acquisition of material values;

- customs duties and other payments;

- the remunerations paid to the intermediary organization through which material inventories are acquired;

- expenses on procurement and delivery of material inventories to the place of their use, including expenses on insurance. These expenses, in particular, include: expenses on procurement and delivery of material inventories, expenses for services of transport in delivery of material inventories to the place of their use and other expenses which are directly connected with acquisition of material inventories.

237. Conversion costs include the costs which are directly connected with units of production such as direct costs on materials and direct labors and superimposed production expenses.

238. Costs which do not join in cost of inventories are:

a) above-standard losses of raw materials, the spent work or other production costs;

b) storage costs if only they are not necessary in production process for transition to its following stage;

c) administrative overheads which are not connected with bringing inventories to their this location and condition;

d) sales expenses.

§ 11. Stock accounting

239. Stock accounting is kept in quantitative and amount-based expression according to names of materials and MOL in cards (Form 10) and turnover sheets (the M-7) Form.

240. The inventories acquired for foreign currency are reflected in accounting in national currency by recalculation of foreign currency on the rate established by National Bank of the Kyrgyz Republic (further - NBKR) for transaction date.

241. Stock accounting in warehouse is kept in the book of inventory accounting of materials (The M-11) form according to names, grades and quantity. Account of the material values paid in centralized procedure is kept in the book of accounting of the material values paid in centralized procedure (the Form 41).

242. The accounting service of budgetary institution systematically exercises control of receipt and expenditure of the material values which are in warehouse and also makes reconciliation of data on material accounting with the records which are conducted in warehouse.

243. Accounting of stock receipt in registers of accounting is made based on source documents (the invoice, delivery note, acts, etc.) at the time of their actual receipt. In case of detection of discrepancy between actual data and data of documents of the supplier the acceptance act is drawn up (the Form 12). The acceptance act is drawn up by the commission in duplicate in the presence of the chief storekeeper, the representative of the supplier or the uninterested organization.

244. Account of receipts of food is kept in the accumulative sheet on receipt of food (the Form 30). Entries in the accumulative sheet are made based on source documents in quantitative and amount-based expression.

245. The accumulative sheet on expense of food is applied to the expense accounting of food (the Form 31). Entries in the accumulative sheet are made based on the menu requirement and other documents on expense of food.

246. Issue of inventories from warehouse is made based on the following documents:

- delivery note (requirement) (No. M-11) Form;

- the menu - the requirement of issue of food (the Form 13). Issue of food in treatment and prevention facilities is made according to the current legislation;

- distribution slip of forages and fodder (Form 14). The stern and fodder shall be released within the established regulations;

- the sheet of issue of materials for needs of organization (the Form 15). Records in the sheet shall be kept on monthly basis on each material type separately. Upon termination of month the result on each material type and in general on all materials is counted;

- the intaking card (The form 16) is applied in case of material issue and fuels. The document is written out in duplicate on each receiver separately. One copy of the intaking card with the receipt is stored in warehouse, the second - at the receiver. In case of daily material issue, the intaking card is written out for a period of 15 days, in case of periodic leave the intaking card is written out for a period of month. Material issue over the set limit is made on delivery note (requirement) (No. M-11) Form. When issue of fuel from warehouse on delivery note (requirement) or the intaking card is impossible, write-off of fuel consumption is made under acts of measurement of remaining balance;

- the route sheet is applied to write-off of all types of fuel on expenses (the PL-17 Form; PL-18 Form; PL-19) Form. Fuel is written off on the actual expense, but not above consumption rates of the fuels and lubricants on road transport approved in accordance with the established procedure. Registration of route sheets is made in register of movement of route sheets (the Form 20);

- the commodity-transport delivery note cross-industry is applied in organizations to transportation and registration of freights (the Form 21).

247. Recognition of expenses concerning inventories is made at the prices of their acquisition or average prices, in case of acquisition of similar inventories - at the different prices.

248. Recognition of expenses concerning the materials and food issued in operation is made based on the documents confirming their quantitative expense (material reports or acts of write-off) according to the expense rates approved in accordance with the established procedure (Forms 13, the Form 14, the Form 15, the Form 29, the PL-19) Form Form PL-18, Form PL-17,.

249. The returnable or exchange tare (barrels, cans, boxes, bottles, etc.) both free (empty), and being under material values, is considered on the corresponding groups or types on the prices specified in supplier accounts. In case of return or realization of container the difference between the price of acquisition and the price at which the container is realized belongs according to the profit and loss budget on other current expenses.

250. The material inventories which are not belonging to budgetary institution, but being in its use or the order on safe custody in accordance with the terms of the agreement are considered on stand-alone accounting.

251. On the account "work in progress" the costs planned according to estimates of receipts from rendering paid services for production of products and products of production (educational) workshops, subsidiary rural and educational-experimental farms, according to the edition of printed materials and rendering services, on production of experimental devices, and also costs on procurement and conversion of materials are considered.

252. All costs are subdivided into straight lines and superimposed (indirect) expenses. Treat direct expenses: materials, salary of production workers, research associates, etc., electric power, costs of last years attributable to the cost of products of accounting year, and other direct costs. Treat superimposed (indirect) expenses: salary of management personnel and service personnel, lease of rooms, heating, running repair and other indirect expenses. Overhead allocation in production (educational) workshops and in case of production of printed materials is made monthly, and in subsidiary rural and educational-experimental farms - in the end of the year. Overheads, depending on specific conditions, are distributed on separate products, to types of agricultural products or industries of production is pro rata to the salary of production workers, research associates, etc., or to the spent materials, or set of direct costs. Above-standard costs do not join in cost of finished goods.

253. Analytics of costs shall be kept on each name of finished goods on cards (Form 1 and the Form 21).

254. After sale, exchange or distribution of inventories the amount on which they were considered is recognized as expense that period when the corresponding gross income is recognized. If the gross income connected with these expenses is absent, the expense is recognized when inventories are distributed.

§ 12. Accounting of the invaluable and fast-wearing-out objects

255. Accounting of the invaluable and fast-wearing-out objects (further - MBP) acquired at the expense of budgetary funds, means from rendering paid services, target means and non-paid receipts is conducted on cards (Form 10) and separate turnover sheets (the M-7) Form.

256. Accounting of MBP which are in warehouse is conducted by MOL according to names of objects and quantity in the book (the M-11) Form. Issue of objects from warehouse in operation worth up to 1/2 of the minimum size of the salary established by the legislation of the Kyrgyz Republic is made based on the sheet of issue of materials for needs of budgetary institution (Form 15), and over 1/2 minimum sizes of the salary - on delivery note (requirement) (No. M-11) form which is written out in duplicate.

257. Analytics of MBP are kept according to names of objects, quantity, cost and MOL on cards (the Form 10).

258. Recognition of expenses concerning MBP issued in operation is made in case of their complete wear based on acts of write-off of invaluable objects (Form 22), approved as the head of budgetary institution if other procedure for write-off is not established by the relevant state body of the executive authority.

259. For recognition of expenses concerning the broken ware the book of registration of fight ware is kept (the Form 23). Entries in the book are made by the corresponding officials. The permanent commission monitors the correct ledger maintenance and quarterly (monthly) draws up the statement of write-off of the broken ware which affirms the head of budgetary institution. Accounting of transactions on disposal and movement of MBP is conducted in the accumulative sheet (the MO-10) Form.

260. All MBP shall be in operation stored at persons responsible for the correct operation and safety of these objects. These persons shall consider objects of names and quantity in the book (the M-11) Form.

261. Pieces of soft stock shall be marked by special stamp with indelible paint, without spoil of appearance of subject, with indication of the name of budgetary institution, and in case of issue of objects in operation year and month of their issue from warehouse in addition is specified. Marking stamps shall be stored at the head of budgetary institution or his deputy.

262. Recognition of expenses concerning fallen into decay and worthlessness of linen, bedding, clothes and footwear is made taking into account service life, according to the procedure, established by the current legislation based on the budgetary institution of the act of write-off of MBP approved by the head (the Form 22).

§ 13. Accounting of values

263. Values are manufactured goods of considerable cost which are acquired and stored, first of all, as means of accumulation and are not used mainly for the purposes of production and consumption.

264. Values include:

- gemstones and metals, such as diamonds, non-monetary gold, platinum and silver, not held for use as intermediate resources in production processes;

- the painting, sculpture and other objects recognized by works of art or antiques;

- the jewelry of considerable cost made of gemstones and metals, collections and various other values.

265. If assets are used in the museums for provision of services, but not as means of accumulation, then such assets shall be classified for the purposes of financial accounting as other machines and the equipment, but not as values.

266. Values are recognized accounting at the time of their actual receipt in the order of budgetary institution and are estimated at the paid prices plus any costs connected with assignment of rights of property.

Chapter 7. Accounting principles of financial assets

§ 1. Accounting of financial assets

267. Financial assets are the assets granting the right to their owners to receive one or several payments from other institutional units in accordance with the terms and the provisions provided in the contract (agreement).

268. Financial instruments of budgetary institutions are the credits, loans, loans obtained and issued and also the securities acquired and issued.

269. The basis for recognition of any financial instrument is the agreement (agreement), regulatory legal act or the internal order of budgetary institution initiating emergence of the financial instrument. Supplementary agreements are integral part of the basic agreement.

270. On monthly basis according to the agreement or other legal cause, budgetary institution calculates interest receivable or to payment. Percent are calculated by rules which were approved by agreement parties and if such rules in the agreement are directly not specified, then according to international or the legislation of the Kyrgyz Republic in this sphere.

271. All calculations for percent affirm in writing the head of budgetary institution on which balance this financial instrument is considered.

272. Money is considered on the fixed nominal value. The cost of foreign currency is transferred to national currency on accounting rate of NBKR on activity date.

273. Securities are considered at par value taking into account award or discount. Further the income or expenses from ownership of securities by depreciation of award and discount are recognized.

274. Discount is difference between nominal value and actual cost of acquisition of security. At the same time actual cost is lower than nominal value.

275. The award is difference between nominal value and actual cost of acquisition. At the same time actual cost is higher than nominal value.

276. Depreciation of discount or award is recognition of expenses or the income on securities on systematic basis.

277. The credits, loans, loans of budgetary institution are considered on actually issued amount.

278. The accounts receivable of budgetary institution are considered at cost.

§ 2. Accounting and storage of cash

279. Budgetary institutions issue cash on receipt on household, traveling or other expenses.

280. Cash transactions on receiving and delivery of cash, execution of cash documents are performed with use of the standard documents approved by National Statistical Committee of the Kyrgyz Republic and shall be applied in all budgetary institutions, irrespective of their departmental subordination.

281. Registration and accounting of cash transactions is performed according to the procedure, established by this Provision.

282. Acceptance of cash is made according to cash receipt orders (The KO-1) form, the signed chief accountant and the cashier of budgetary institution.

About acceptance of money the receipt behind signatures of the chief accountant and cashier certified by seal (stamp) of the cashier is issued.

283. Cash disbursement of money to be made according to cash payment orders (the KO-2) Form. Documents for issue of money shall be signed by the head or the chief accountant and the cashier of budgetary institution.

In the centralized accounts departments serving budgetary institutions for the total amount of the issued salary one cash payment order, date and which number are put down on each payment (settlement and payment) sheet is constituted.

284. In case of issue of money according to the cash payment order or the document replacing it to the individual the cashier requires presentation of the document confirming the receiver's personality, writes down the name and document number whom and when it is issued he also retains the receipt of the receiver. If the document replacing the cash payment order is constituted on issue of money to several persons, then receivers also show the specified documents confirming their personality and undersign for the corresponding column of payment documents.

The acknowledgment receipt of money can be made only with own hand by ink or ball pen with indication of the received amount: som - in cursive script, tyyyn - figures. In case of receipt of money according to the sheet the sum in words is not specified.

285. The cashier makes issue of money only to person specified in the cash payment order. If issue of money is made by proxy, drawn up in accordance with the established procedure, in the text of the order after surname, name and middle name of the payee surname, the name and middle name of person to which receipt of money is entrusted are entered. If issue of money is made according to the sheet, before the acknowledgment receipt of money the cashier does text: "By proxy". Issue of money is made according to the requirements provided in Item 284. The power of attorney remains at the cashier and is attached to the cash payment order or the sheet.

286. Compensation, allowance payment on temporary disability, grants, pensions and awards are made by the cashier according to payment (settlement and payment) sheets, without creation of the cash payment order on each receiver.

On the title (header) page of the payment (settlement and payment) sheet the allowing text about issue of money behind signatures of the head and chief accountant of budgetary institution with indication of terms of issue of money and sum in words becomes.

In similar procedure also one-time issues of money for compensation (can be drawn up in case of vacation, disease, etc.), and also the money received on receipt on the expenses connected with official journeys, to several persons.

One-time issues of money for compensation to individuals are made, as a rule, according to cash payment orders.

287. Receipt cash orders and receipts to them, and also account cash orders shall be completed by the cashier accurately and clearly ink or ball pen or are printed by means of the computer equipment. No erasures, blots or corrections in these documents are allowed.

In receipt and cash payment orders the basis for their creation is specified, and the documents attached to them are listed.

Issue receipt and cash payment orders on hands is forbidden to the persons placing or receiving money.

Receiving and delivery of money according to cash orders can be made only in day of their creation.

288. Receipt and account cash orders after obtaining and issue of money according to them are signed by the cashier, and the documents attached to them are settled by stamp or text "Is received" or "paid" with indication of date (number, month, year).

289. Receipt and account cash orders are registered the cashier in the magazine of registration of receipt and issue cash documents (the KO-3) Form.

290. The account cash orders which are drawn up on payment (settlement and payment) sheets on compensation and other payments equated to them, are registered in the magazine of registration after their issue.

291. Acceptance in cash desk of cash from legal entities and physical persons is made via cash registers of the established sample or according to receipts (forms) of the strict accounting (form 10). In case of acceptance of cash by authorized persons, the last daily hand over in cash desk of budgetary institution money with provision of the register of delivery of documents (Form 2) with appendix of the receipt (copies).

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