RESOLUTION OF THE MINISTRY OF TRANSPORT AND COMMUNICATIONS OF THE REPUBLIC OF BELARUS

of November 25, 2008 No. 121

About approval of the Instruction about procedure for reflection in financial accounting and the reporting of costs for preparatory work in the organizations of inland water transport

Based on the Regulations on the Ministry of Transport and Communications of the Republic of Belarus approved by the resolution of Council of Ministers of the Republic of Belarus of July 31, 2006 No. 985 "Questions of the Ministry of Transport and Communications of the Republic of Belarus", the Ministry of Transport and Communications of the Republic of Belarus DECIDES:

1. Approve the enclosed Instruction about procedure for reflection in financial accounting and the reporting of costs for preparatory work in the organizations of inland water transport.

2. This resolution becomes effective from the date of its official publication.

Approved by the Resolution of the Ministry of Transport and Communications of the Republic of Belarus of November 25, 2008 No. 121

The instruction about procedure for reflection in financial accounting and the reporting of costs for preparatory work in the organizations of inland water transport

Chapter 1. General provisions

1. The instruction about procedure for reflection in financial accounting and the reporting of costs for preparatory work in the organizations of inland water transport (further - the Instruction) is developed according to the Instruction for application of the Standard chart of accounts of financial accounting approved by the resolution of the Ministry of Finance of the Republic of Belarus of May 30, 2003 No. 89 (The national register of legal acts of the Republic of Belarus, 2003, No. 104, 8/9975).

2. The instruction establishes procedure for reflection in financial accounting and the reporting of costs during the internavigation and navigation periods by the organizations of inland water transport.

3. For the purposes of this Instruction the following basic concepts and their determinations are used:

the organization of inland water transport - the legal entity or the individual entrepreneur transporting on inland waterways of passengers, freights, baggage, towage of courts, rafts and other floating objects, pogruzo-unloading works in ports and also accomplishment of other works and rendering services in the field of inland water transport;

inland waterways - the natural or artificially created sites of reservoirs and water currents designated by navigation signs or different way and used for the purpose of navigation;

navigation - period of time during which inland waterways are open for navigation;

intershipping season - period of time during which inland waterways are closed for navigation.

Chapter 2. Procedure for reflection in financial accounting and the reporting of costs during the mezhgavigatsionny and navigation periods

4. According to the List of the industries and types of activity having seasonal nature, to No. 950 approved by the resolution of Council of Ministers of the Republic of Belarus of July 28, 2006 "About measures for implementation of the Presidential decree of the Republic of Belarus of March 28, 2006 No. 182" (The national register of legal acts of the Republic of Belarus, 2006, No. 129, 5/22698), activities of inland water transport belong to the type of activity having seasonal nature.

According to the Instruction for application of the Standard chart of accounts of financial accounting of the organization of water transport can reflect in accounting of costs, made during intershipping season, on account 97 "Deferred expenses". To account 97 "Deferred expenses" the sub-account "Expenses during intershipping season" opens.

By sub-account "Expenses during intershipping season" open the sub-accounts of the second procedure corresponding to cost elements:

expenses on compensation;

assignments on social needs;

materials;

fuel;

electric power;

fixed asset depreciation and intangible assets;

other costs.

Analytics on the sub-account "Expenses during intershipping season" are kept by types of productions, on elements and Articles of the nomenclature of expenses of the organizations of water transport.

The made costs during intershipping season are reflected on the debit of account 97 sub-account "Deferred expenses" "Expenses during intershipping season" and to the credit of accounts 02 "Fixed asset depreciation", 05th "Intangible asset deprication", 10th "Materials", 23 "Auxiliary productions", 26th "General running costs", 60 "Settlings with suppliers and contractors", 68 "Calculations for taxes and fees", 69 "Calculations for social insurance and providing", 70 "Settlings with personnel on compensation", 76 "Settlings with different debtors and creditors" and others.

5. The "Deferred expenses" considered on account 97 sub-account "Expenses during intershipping season" of costs are written off in the debit of accounts 20 "Main production", 23 "Auxiliary production", 25 "General production expenses", 26th "General running costs", 44 "Expenses on realization" and others during the shipping season proceeding from the planned number of the navigation days provided by accounting policy of the organization.

6. In case of inventory count of deferred expenses according to documents the sum which is subject to reflection in financial accounting on account 97 "Deferred expenses" sub-account "Expenses during intershipping season", timeliness and completeness of reference of expenses on costs of production and addresses during the shipping season according to the calculations developed in the organization and accounting policy is determined.

7. Actual amounts of the expenses made during intershipping season shall be completely included in product cost (works, services) of accounting year, on the end of the year of the passing account balances 97th "Deferred expenses" sub-account "Expenses during intershipping season" shall not be.

8. Reflection of results of the above-stated economic activities in accounting records is made according to the instructions for filling and representation of forms of accounting records approved by the Ministry of Finance of the Republic of Belarus.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info