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It is registered

Ministry of Justice of Ukraine

August 6, 2001

No. 670/5861

ORDER OF THE STATE TREASURY OF UKRAINE

of July 24, 2001 No. 126

About approval of the Procedure for display in accounting of foreign currency transactions

(as amended on 09-07-2007)

1. Approve the Procedure for display in accounting of foreign currency transactions it (is applied).

2. To give the Procedure for display in accounting of foreign currency transactions to management of methodology on accomplishment of the budget, financial accounting and the reporting of the State Treasury of Ukraine on state registration to the Ministry of Justice of Ukraine and to bring to permission of bodies of the State Treasury of Ukraine.

3. To the central executive bodies, other main managers of budgetary funds to bring the Procedure for display in accounting of foreign currency transactions to permission of subordinated organizations and organizations.

Chairman

P.G.Petrashko

Approved by the Order of the State Treasury of Ukraine of July 24, 2001, No. 126

Procedure for display in accounting of foreign currency transactions

1. General provisions

1.1. The central executive bodies, other main managers of budgetary funds, organizations, the organizations which main activities are performed at the expense of means state or local budgets (further - budgetary institutions), display foreign currency transactions in financial accounting according to requirements of this Procedure.

1.2. The terms used in this Procedure have the following determination.

The currency rate - the ratio of monetary unit of Ukraine to monetary unit of other country established by the National Bank of Ukraine.

The weighted currency rate - result of division of the amount of works of sizes of the currency rates of the National Bank of Ukraine and the number of days of their action in month under report (quarter, year) on the number of calendar days this month (quarter, year).

Foreign currency - currency other, than reporting currency.

Reporting currency - monetary unit of Ukraine.

Exchange difference - difference which is consequence of recalculation of identical quantity of units of foreign currency in national currency of Ukraine in case of various currency rates.

Monetary items - balance sheet items which display cash on hand, on accounts in organizations of banks, and also such assets and liabilities which will be received or paid in the fixed or certain amount of money or their equivalents.

Not monetary items - balance sheet items which display fixed assets, the materials and other Articles which are not relating to monetary.

Foreign currency transactions - transactions on which receipts and payments in foreign currency are displayed.

The international technical assistance - resources and services which according to international treaties of Ukraine are provided by donors on free and non-paid basis for the purpose of maintenance of Ukraine.

The beneficiary - the legal entity receiving means of international financial institutions within the investment project.

The donor - foreign state, the government and bodies authorized by the government of foreign state, foreign municipal body or the international organization which provide the international technical assistance according to international treaties of Ukraine.

The recipient - budgetary institution which directly receives the international technical assistance according to the project (program).

Residents - the legal entities and business entities of Ukraine which do not have the status of the legal entity (branches, representations, etc.) who are created and perform the activities according to the legislation of Ukraine with the location in its territory.

1.3. Financial accounting of foreign currency transactions by budgetary institutions is kept on the sub-accounts established by the Chart of accounts of financial accounting of budgetary institutions approved by the order of Head department of the State Treasury of Ukraine of 10.12.99 of N114 and registered in the Ministry of Justice of Ukraine 20.12.99 for N890/4183 (with changes).

The chart of accounts of financial accounting of budgetary institutions establishes sub-accounts which are directly intended for display of foreign currency transactions:

sub-account 302 "Cash desk in foreign currency" is intended for display of cash in foreign currency;

sub-account 318 "Current accounts in foreign currency" is provided for accounting of the foreign currency of budgetary institutions which is on accounts in organizations of banks;

On each name of currency in accounting separate accounts of the third procedure depending on the currency type or accounts opened in organizations of banks are opened (302-1, 302-2, 302-3, 318-1, 318-2, 318-3, etc.).

1.4. Financial accounting of foreign currency transactions is displayed in bookkeeping registers (memorial orders, sheets, cards, etc.) in national currency of Ukraine by recalculation of the amount of foreign currency by the currency rate with simultaneous display of foreign currency transactions.

Memorial orders are constituted according to the Instruction about forms of memorial orders of budgetary institutions and procedure for their creation approved by the order of the State Treasury of Ukraine of 27.07.2000 of N68 and registered in the Ministry of Justice of Ukraine 31.08.2000 for N570/4791, (with changes), separately for each currency type and numbered respectively N 1-1, 1-2, 1-3, 2-1, 2-2, etc.

1.5. Accounting entries concerning transactions on obtaining, purchase and sale and use of foreign currency are displayed in the Instruction about the correspondence of sub-accounts of financial accounting for display of the main economic activities of budgetary institutions approved by the order of the State Treasury of Ukraine of 10.07.2000 of N61 and registered in the Ministry of Justice of Ukraine 14.08.2000 for N497/4718 (in edition of the order of the State Treasury of Ukraine of 14.02.2005 N 28, registered in the Ministry of Justice of Ukraine 04.03.2005 for N288/10568).

1.6. The exchange difference in foreign currency is determined by monetary items for transaction date and on reporting date.

1.7. In the financial statement which is constituted in national currency of Ukraine:

monetary items in foreign currency are displayed in national currency of Ukraine with use of the currency rate on reporting date;

not monetary items connected with foreign currency transactions and which are displayed on original or replacement cost (historical cost) in national currency of Ukraine are recalculated by the currency rate for transaction date;

not monetary items connected with foreign currency transactions and which are displayed at fair value (are received free of charge), in national currency of Ukraine are recalculated by the currency rate for date of determination of this fair value.

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