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It is registered

Ministry of Justice

Kyrgyz Republic

On January 25, 2008 No. 4-08

RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of December 20, 2007 No. 54/9

About approval of the Regulations on requirements to the Chart of accounts of financial accounting in commercial banks and other financial credit institutions of the Kyrgyz Republic

(as amended on 14-12-2022)

Having considered the project of the Regulations on requirements to the Chart of accounts of financial accounting in commercial banks and other financial credit institutes of the Kyrgyz Republic, the Board of National Bank of the Kyrgyz Republic decides:

1. Approve Regulations on requirements to the Chart of accounts of financial accounting in commercial banks and other financial credit institutes of the Kyrgyz Republic (further the Provision) it (is applied).

2. Establish the term of transition of commercial banks and other financial credit institutes of the Kyrgyz Republic to the Chart of accounts of financial accounting in commercial banks and other FKU in compliance with the Provision since 01.01.2009.

3. To commercial banks and other financial credit institutes to develop on the basis of the Provision both to approve the Chart of accounts of financial accounting and to provide to National Bank of the Kyrgyz Republic till 01.09.2008.

4. In accordance with the established procedure to direct to management of methodology of supervision and licensing together with Legal department to state registration this resolution in the Ministry of Justice of the Kyrgyz Republic.

5. This resolution becomes effective from the moment of official publication after state registration in the Ministry of Justice of the Kyrgyz Republic.

6. After publication of the registered regulatory legal act to Legal department to inform the Ministry of Justice of the Kyrgyz Republic on publication source (the name of the edition, its number and date).

7. To impose control of execution of this resolution on the vice-chairman of National Bank of the Kyrgyz Republic Bokontayev K. K.

 

Chairman

M. Alapayev

Approved by the Resolution of Board of National Bank of the Kyrgyz Republic of December 20, 2007 No. 54/9

Regulations on requirements to the Chart of accounts of financial accounting in commercial banks and other financial credit institutions of the Kyrgyz Republic

Chapter 1 General provisions

1.1. This Provision establishes requirements to forming of the Chart of accounts of financial accounting (further - the Chart of accounts) in commercial banks, National bank of development of the Kyrgyz Republic and other financial credit institutions (further - banks) according to the laws of the Kyrgyz Republic "About banks and banking activity" and "About financial accounting".

1.2. The chart of accounts represents the structured, economically reasonable list of accounts within which each account has the name and digital symbol, is included in class and group on certain criterion of classification.

1.3. The chart of accounts is developed by banks according to International accounting standards (further IFRS) and affirms as the procedure established in bank taking into account requirements of this provision and other regulatory legal acts of National Bank of the Kyrgyz Republic (further - National Bank).

1.4. Accounting according to the Chart of accounts shall provide forming of the financial, regulating and macroeconomic statistical reporting by sectors of economy (financial, state bodies, non-financial (legal entities), the populations (physical persons, non-profit organizations) and nonresidents).

Chapter 2 General requirements to the Chart of accounts

2.1. Requirements to the Chart of accounts extend to the banks operating in the territory of the Kyrgyz Republic.

2.2. Banks can use new edition of the Chart of accounts of financial accounting in commercial banks and other financial credit institutions of the Kyrgyz Republic approved by the resolution of Board of National Bank No. 28/3 of 30.05.07. (Mu of the KR No. 66-07 of 10.07.07), as the standard Chart of accounts.

2.3. The chart of accounts shall:

- provide creation of the basic financial statements according to IFRS;

- be flexible, have opportunity to extend in the future owing to change of structure or field of activity of bank;

- provide sufficient disaggregation for creation of the basic financial and managerial reports.

2.4. The chart of accounts is based on account classification, proceeding from economic content, to destination the transactions performed by bank and includes the accounts which are subject to registration in financial accounting.

2.5. The number of accounts is determined by requirements of bank in case of creation of the financial reporting.

2.6. The number of figures in account number depends on requirements of bank for analytics, and also on the software used by bank. At the same time, the number of figures in class account number 2 "Obligations" shall conform to requirements of the instruction "About numbering of bank settlement accounts" approved by the resolution of Board of National Bank, for the accounts reflecting transactions on implementation of cashless payments and calculations and accumulation of non-cash for further use and customer service.

2.7. Along with the Chart of accounts its description with indication of purpose of each account, the description of the considered transactions and restrictions affirms.

Chapter 3 of the Requirement to structure of the Chart of accounts

3.1. The chart of accounts shall provide accounting of all operations performed by bank and include balance and off-balance accounts.

3.2. The chart of accounts shall include the following classes and account groups:

Class 1 - Assets, including groups:

- Cash

This group includes accounts for the cash accounting (in national and foreign currency), being in bank, in transit between branches. On each currency separate subsidiary ledgers shall be kept. For the purpose of the financial reporting of balance of foreign currency cash it shall be transferred to somovy equivalent on the official rate of National Bank on reporting date.

- Correspondent accounts

This group includes accounts for the cash accounting (in national and foreign currency), being on correspondent accounts of bank. On each currency separate subsidiary ledgers shall be kept. For the purpose of the financial reporting of balance of foreign currency cash it shall be transferred to somovy equivalent on the official rate of National Bank on reporting date.

- Precious metals

This group includes accounts for accounting of means of bank in the form of precious metals in standard and measuring (bank) ingots. Accounts of this group shall be reflected at par value, expressed in units of mass (troy ounces) which shall be converted into som at the price of the last revaluation according to accounting policy of bank. On each precious metal separate subsidiary ledgers shall be kept. For the purpose of the financial reporting the price of precious metal in foreign currency shall be transferred to somovy equivalent on the official rate of National Bank on reporting date.

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