Ministry of Justice of Ukraine
January 28, 2010
of December 28, 2009 No. 1541
About approval of the National provision of financial accounting in public sector 101 "Accounts presentations"
On accomplishment of Strategy of upgrade of the system of financial accounting in public sector for 2007-2015 approved by the resolution of the Cabinet of Ministers of Ukraine of 16.01.2007 No. 34, I ORDER:
1. Approve the National provision (standard) of financial accounting in public sector 101 "Accounts presentations" approved by Methodological council on financial accounting under the Ministry of Finance of Ukraine which is applied.
Determine that till January 1, 2018 regulations of this order are not applied when implementing transactions on accomplishment state and local budgets bodies of the State Treasury of Ukraine.
3. To provide to management of methodology of financial accounting (Parkhomenko V. M.) submission of this order in five-day time in accordance with the established procedure on state registration in the Ministry of Justice of Ukraine.
4. To department of ensuring activities of the Minister (foster service) (Yu.M. Dragon) after state registration of this order in the Ministry of Justice of Ukraine to provide its promulgation on the official website of the Ministry of Finance of Ukraine.
5. To impose control over the implementation of this order on the deputy minister of Midday M. M.
First Deputy Minister
Approved by the Order of the Ministry of Finance of Ukraine of December 28, 2009 No. 1541
1. This National provision (standard) determines structure, forms, the principles of preparation and accounts presentation in public sector, general requirements to recognition and disclosure of its elements.
2. Regulations of this National provision (standard) are applied by subjects of financial accounting in public sector (further - subjects of public sector).
3. The financial reporting is constituted in hryvnias.
The paragraph two is excluded
4. The terms specified in national provisions (standards) of financial accounting in public sector have such value:
balance - the report on financial condition of the subject of public sector which displays for certain date assets, obligations and equity;
the currency rate - the rate of monetary unit of Ukraine established by the National Bank of Ukraine to monetary unit of other country;
expenses - reduction of economic benefits in the form of reduction of assets or increase in obligations which leads to reduction of equity (except for capital reductions due to its withdrawal or distribution by owners);
equity - difference between assets and liabilities of the subject of public sector;
money - cash, means on accounts in bodies of the Public treasurer service of Ukraine (further - bodies of Treasury), in banks and on-demand deposits;
income - increase in economic benefits in the form of increase in assets or reduction of obligations which leads to growth of equity (except for growth of the capital at the expense of fees of owners);
cash equivalents - short-term, highly liquid financial investments which are freely converted into certain amounts of money and which are characterized by insignificant risk of change in value;
economic group - group of subjects of public sector which part the controlling subject of public sector and one or several controlled subjects of public sector are;
the foreign subject of public sector - the controlled subject of public sector or department of the subject of public sector which reports which activities are based or performed in other country, than the country of this subject of public sector;
the report on equity - the report which displays changes in structure of equity of the subject of public sector during the accounting period;
the cash flow statement - the report which displays receipts and funds expenditures as a result of activities of the subject of public sector in the accounting period;
the report on financial results - the income statement, expenses and financial results of activities of the subject of public sector;
regular activities - any activities of the subject of public sector, and also transaction which provide it or result from its implementation;
the obligation - the debt of the subject of public sector which resulted from last events and which repayment in the future, as expected, will lead to reduction of resources of the subject of public sector which personify economic benefits or potential of usefulness;
investing activities - acquisition and realization of those non-current assets, and also those financial investments which are not component of cash equivalents;
foreign currency - currency other, than reporting currency;
the controlling subject of public sector - the main manager of budgetary funds and the manager of budgetary funds of the lowest level to whose sphere of management managers of budgetary funds belong, funds of obligatory national social and pension insurance (further - the state funds), the Public treasurer service of Ukraine;
the controlled subject of public sector - the manager of budgetary funds, bodies of the state trust funds, territorial authorities of Treasury;
users of the reporting - physical persons and legal entities which need information on activities of subjects of public sector for decision making;
exchange difference - difference between estimates of identical quantity of units of foreign currency in case of the different currency rates;
accounting policy - set of the principles, methods and procedures which are used by the subject of public sector for financial accounting, creation and accounts presentation;
transactions of the related parties - transfer of assets or obligations to one other related party connected by the party;
the event after date of balance - the event which is taking place between date of balance and approval date authorized body (official) according to the legislation of the financial reporting which affected or can affect financial condition, results of activities and cash flow of the subject of public sector;
operating activiies - the main activities, and also other types of activity which are not investing or financial activities;
annual to the financial reporting - the set of indicators and explanations providing disaggregation and justification of articles of financial statements and also other information which disclosure is provided by the relevant national provisions (standards) of financial accounting in public sector;
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