of October 31, 2012 No. 60
About approval of the Instruction for financial accounting of fixed assets in state-financed organizations and recognition voided some resolutions and separate structural element of the resolution of the Ministry of Finance of the Republic of Belarus concerning financial accounting
Based on subitem 4.32 of item 4 of the Regulations on the Ministry of Finance of the Republic of Belarus approved by the resolution of Council of Ministers of the Republic of Belarus of October 31, 2001 No. 1585 "Questions of the Ministry of Finance of the Republic of Belarus", the Ministry of Finance of the Republic of Belarus DECIDES:
1. Approve the enclosed Instruction for financial accounting of fixed assets in state-financed organizations.
2. Determine that state-financed 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 December 31, 2008 No. 211 "About modification and amendments in the resolution of the Ministry of Finance of the Republic of Belarus of December 20, 2001 No. 125" (The national register of legal acts of the Republic of Belarus, 2009, No. 28, 8/20372);
item 4 of the resolution of the Ministry of Finance of the Republic of Belarus of April 22, 2010 No. 50 "About some questions of financial accounting" (The national register of legal acts of the Republic of Belarus, 2010, No. 121, 8/22313).
A. M. Harkovets
Approved by the Resolution of the Ministry of Finance of the Republic of Belarus of October 31, 2012 No. 60
1. This Instruction determines procedure for forming in financial accounting of information on fixed assets in state-financed organizations (further - the organizations).
2. For the purposes of this Instruction the following concepts 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.
3. This Instruction is not applied in the relation:
material inventories, including animals on cultivation and sagination, the long-term plantings which are grown up in nurseries as landing material or did not reach operational age;
separate objects as a part of current assets, including temporary buildings and constructions;
the building constructions and details intended for construction, parts and aggregates of the machines, the equipment and railway vehicles intended for repair and picking;
finished goods, goods;
the equipment which is at the customer, the builder intended for installation in the built or reconstructed objects;
the capital construction projects which are not ended by construction or documentary not drawn up according to the legislation;
arms, the military, special equipment and other military, the special property which is in military forming.
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;
the organization supposes receipt of economic benefits from use of assets;
assets are held for use during the period lasting 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.
Assets concerning which the recognition conditions provided by part one of this Item, and cost within the limit set in accounting policy of the organization are satisfied, but it is not higher than 30 basic sizes for unit, can be considered as separate objects as a part of current 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.
5. Irrespective of cost farm vehicles and tools, the construction mechanized tools, the working and productive cattle, library stock, documentation on standard designing belong to fixed assets (for the organizations performing activities for development of the design estimates for other persons).
6. Unit of financial accounting of fixed assets is inventory object.
Inventory fixed asset object is object with all devices and accessories or the separate structurally isolated subject intended for accomplishment of certain independent functions, or the isolated complex of structurally jointed objects representing whole and intended for accomplishment of certain work.
Complex of structurally jointed objects (further - complex) are one or several objects having the general devices and accessories, general management mounted on one base therefore each subject entering complex can perform certain functions only as a part of complex.
If the fixed asset consists of the parts having various useful lifex, then each such part can be accepted to financial accounting as separate inventory fixed asset object in case of accomplishment of the conditions specified in parts of second or third of this Item.
If buildings adjoin to each other and have general wall, but each of them represents independent constructive whole, they are separate inventory objects. The structure of the building as inventory object joins communications in the building, necessary for its operation.
The outdoor constructions, extensions, barriers and other outdoor constructions providing functioning of the building constitute together with it one inventory object. If the specified constructions and constructions provide functioning of two and more buildings, they are separate inventory objects.
The external extensions to the building having independent economic value, separate buildings of boiler rooms and also capital outdoor constructions are separate inventory objects.
7. Analytics of fixed assets on inventory objects are kept in inventory accounting cards of fixed assets (further - inventory card) or in other registers of analytics on responsible persons, in centralized accounts departments - on responsible persons and the served organizations.
For library stocks one inventory card in which analytics are kept only in value term by total amount opens.
Analytics of scenic and production means are kept in inventory cards in value and quantitative term.
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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