It is registered
in the Ministry of Justice
Republic of Tajikistan
of May 7, 2002 No. 64
of April 15, 1999 No. 48
About approval of the Accounting regulation of long-term investments
For the purpose of reduction according to international accounting standards and the reporting I order:
1. Approve the Accounting regulation of long-term investments.
2. Enact this Provision since January 1, 1999.
3. With the edition of this Provision to consider invalid the Basic provisions on accounting of capital investments approved by the Ministry of Finance of the USSR and TsSU the USSR on December 12, 1986 No. 219/6-2-14.
Minister A. Muzafarov
Approved by the Order of the Ministry of Finance of the Republic of Tajikistan of April 15, 1999 No. 48
1.1. This Provision establishes accounting rules of long-term investments and determination of inventory value of subjects to these investments at the companies and in the organizations.
The provision is obligatory for all companies and the organizations (further the companies) performing long-term investments irrespective of patterns of ownership.
1.2. Long-term investments for the purposes of this Provision are understood as costs for creation, increase in the sizes, and also acquisition of non-current assets of long-term use (over one year), not held for sale, except for the long-term financial investments in Government securities, the valuable and authorized capital of other companies.
Long-term investments are connected with:
implementation of capital construction in the form of new construction, and also reconstruction, expansion and modernization (further construction) operating plants and objects of the non-productive sphere. The specified works (except new construction) lead to change of essence of objects on which they are performed, and the costs made at the same time are not costs of the accounting period for their content;
acquisition of buildings, constructions, equipment, vehicles and other separate objects (or their parts) fixed assets;
acquisition of the parcels of land and objects of environmental management; acquisition and creation of assets of intangible nature.
1.3. The purposes of long-term investments are:
timely, complete and reliable reflection of all made expenses when constructing facilities by their types and the considered objects;
ensuring control of the course of accomplishment of construction, commissioning of production capacities and fixed asset objects;
the correct determination and reflection of inventory value of the enacted and acquired fixed asset objects, the parcels of land, objects of environmental management and intangible assets;
control of availability and use of financing sources of long-term investments.
1.4. The organization of construction of facilities, control of its course and conducting financial accounting of the costs made at the same time are performed by builders.
Builders for the purposes of this Provision are understood as the companies specializing in accomplishment of the specified functions, in particular the companies for capital construction in the cities, the directorate of the companies under construction (DCUC), etc. and also the operating plants performing capital construction.
Expenses on content of builders (on operating plants workers of the office of division of capital construction) are made at the expense of the means intended on financing of construction and join in inventory value of the objects put into operation.
In case of accomplishment of construction works by contract method the builder in relation to the contract construction organization acts as the customer.
2.1. Account of long-term investments is kept on actual expenses:
in general on the construction and its separate objects (to the building, construction, etc.) entering it;
on acquired separate fixed asset objects, the parcels of land, objects of environmental management and intangible assets.
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