of April 30, 2012 No. 26
About financial accounting of fixed assets
Based on the paragraph of the fourth Item 5 of article 5 of the Law of the Republic of Belarus of July 12, 2013 "About financial accounting and the reporting" the Ministry of Finance of the Republic of Belarus DECIDES: No. 57-Z
1. Approve the Instruction for financial accounting of fixed assets it (is applied).
2. Determine that the organizations have the right to consider the objects which are registered as those before the date of entry into force of this resolution as a part of fixed assets.
3. Recognize invalid:
the resolution of the Ministry of Finance of the Republic of Belarus of March 31, 2003 No. 48 "About introduction of amendments to the Accounting regulation of intangible assets" (The national register of legal acts of the Republic of Belarus, 2003, No. 45, 8/9398);
the resolution of the Ministry of Finance of the Republic of Belarus of December 26, 2003 No. 183 "About modification and amendments in the resolution of the Ministry of Finance of the Republic of Belarus of December 12, 2001 No. 118" (The national register of legal acts of the Republic of Belarus, 2004, No. 20, 8/10482);
the resolution of the Ministry of Finance of the Republic of Belarus of December 29, 2007 No. 207 "About modification and amendments in the resolution of the Ministry of Finance of the Republic of Belarus of December 12, 2001 No. 118" (The national register of legal acts of the Republic of Belarus, 2008, No. 29, 8/18048);
the resolution of the Ministry of Finance of the Republic of Belarus of October 30, 2009 No. 132 "About introduction of amendments to the resolution of the Ministry of Finance of the Republic of Belarus of December 12, 2001 No. 118" (The national register of legal acts of the Republic of Belarus, 2009, No. 291, 8/21649);
the resolution of the Ministry of Finance of the Republic of Belarus of February 26, 2010 No. 15 "About modification and amendments in the resolution of the Ministry of Finance of the Republic of Belarus of December 12, 2001 No. 118" (The national register of legal acts of the Republic of Belarus, 2010, No. 70, 8/22043);
the resolution of the Ministry of Finance of the Republic of Belarus of June 25, 2010 No. 77 "About introduction of amendments to some resolutions of the Ministry of Finance of the Republic of Belarus" (The national register of legal acts of the Republic of Belarus, 2010, No. 172, 8/22545);
Item 10 of appendix to the resolution of the Ministry of Finance of the Republic of Belarus of November 12, 2010 No. 133 "About approval of the Instruction on the inventory bookkeeping and recognition voided some resolutions of the Ministry of Finance of the Republic of Belarus and their separate structural elements" (The national register of legal acts of the Republic of Belarus, 2011, No. 14, 8/23181);
Item 12 of appendix 2 to the resolution of the Ministry of Finance of the Republic of Belarus of June 29, 2011 No. 50 "About establishment of the standard chart of accounts of financial accounting, approval of the Instruction about procedure for application of the standard chart of accounts of financial accounting and recognition voided some resolutions of the Ministry of Finance of the Republic of Belarus and their separate structural elements" (The national register of legal acts of the Republic of Belarus, 2011, No. 143, 8/24548).
4. This resolution becomes effective since January 1, 2013.
Minister
A. M. Harkovets
Approved by the Resolution of the Ministry of Finance of the Republic of Belarus of April 30, 2012 No. 26
1. This Instruction determines procedure for forming in financial accounting of information on fixed assets in the organizations (except for National Bank, banks, "Development Bank of the Republic of Belarus" open joint stock company, the non-bank credit and financial organizations, banking groups, bank holdings, state-financed organizations) (further – the organizations).
2. For the purposes of this Instruction the following terms and their determinations are used:
original cost – the cost at which the asset is accepted to financial accounting as fixed asset;
revaluated value – the cost of fixed asset after its revaluation;
residual cost – difference between the original (overpriced) cost of fixed asset and depreciation amounts which are saved up on it for the entire period of operation and impairment;
the current market value – cash amount which would be received in case of realization of fixed asset in the current market conditions.
3. This Instruction is not applied in the relation:
inventories;
the equipment which is at the customer, the builder, the contractor requiring installation and intended for installation in the built or reconstructed objects;
the construction materials which are at the customer, the builder;
investments in non-current assets;
natural objects;
the non-current assets accepted to financial accounting as intended for realization, and also the assets entering the disposal groups accepted to financial accounting as intended for realization;
profitable investments in tangible assets.
4. As fixed assets the assets having the material and material form in case of simultaneous accomplishment of the following conditions of recognition are accepted by the organization to financial accounting:
assets are held for use in organization activity, including in production, in case of performance of works, rendering services, for managerial needs of the organization, and also for provision in temporary use (temporary ownership and use), except as specified, established by the legislation on financial accounting and the reporting;
the organization supposes receipt of economic benefits from use of assets during the period more than 12 months;
the organization does not suppose alienation of assets within 12 months from the date of acquisition;
the original cost of assets can be authentically determined.
The parcels of land, investments in the parcels of land, in improvement of lands, in objects of environmental management are accepted to financial accounting as fixed assets.
The long-term wild-growing objects of flora growing under natural conditions in the territory of the organization are not accepted to financial accounting as fixed assets.
The assets accepted to financial accounting as fixed assets before their obligatory state registration, certification, etc. are reflected in account 08 "Investments in non-current assets".
5. No. 104 is excluded according to the Resolution of the Ministry of Finance of the Republic of Belarus of 03.10.2025
6. Unit of financial accounting of fixed assets is inventory object.
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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