ORDER OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF TAJIKISTAN

of August 29, 2001 No. 124

About approval of the Instruction about procedure for filling with business entities of forms of quarter and annual accounting records

According to article 14 of the Law of the Republic of Tajikistan "About financial accounting" and for the purpose of further approach of system of accounting records of the republic to requirements of international standards of accounting (financial) records I order:

1. Approve for submission of annual and quarter accounting records by legal entities (except budget, credit institutes and insurance bodies) standard forms (appendix 1 to this order) and the Instruction after their filling (appendix 2 to this order).

2. Annual and quarter accounting records are submitted without fail in amount, addresses and in the terms determined by Items 29, of 30, 86 and 87 Provisions by conducting financial accounting and accounting records in the Republic of Tajikistan, RT approved by the order of the Ministry of Finance of December 30, 1999 No. 163.

3. Declare invalid the order of the Ministry of Finance of the Republic of Tajikistan of October 8, 1997 No. 91.

This order becomes effective from annual accounting records for 2001.

 

 

Appendix № 2

to the order of the Ministry of Finance of the Republic of Tajikistan of August 29, 2001 No. 124

The instruction about procedure for filling with business entities of forms of quarter and annual accounting records

I. GENERAL PROVISIONS

1.1. The companies and the organizations (further the companies) provide to the corresponding users information accounting records in quarter and following the results of work in year.

The represented accounting records shall correspond on amount, forms of appendices, reliability, completeness, materiality, neutrality, comparability and comparability to requirements of regulations of the Ministry of Finance of the Republic of Tajikistan.

In case of development and acceptance of forms observance of the following conditions is necessary:

codes of final lines and codes of lines of Sections and groups of balance sheet items, provided in sample of its form shall be kept;

the separate indicators included in ф.№5 according to form sample are allowed to be presented in the form of independent forms of accounting records or to include in the explanatory note;

on forms of accounting records availability of the following data is obligatory: name of component;

specifying of reporting date or the accounting period for which accounting records are constituted ("on ____ 200 __", "for _____ 200 __");

the company, the organization - (full name of the legal entity according to the constituent documents registered in accordance with the established procedure is specified);

the identification taxpayer number (ITN) - (identification taxpayer number appropriated by tax authority in accordance with the established procedure is specified);

type of activity - (the type of activity which is recognized the basic according to requirements of the regulating documents approved by the State committee of statistics of the Republic of Tajikistan is specified);

form of business / pattern of ownership (form of business of the companies according to the Qualifier of forms of business of business entities (KOPF) and code of property for the Qualifier of Patterns of Ownership (QPO) is specified;

unit of measure - (the format of representation of numerical indicators is specified: in somoni - code on OKEI 384),

the address - (the complete postal address of the company is specified);

approval date (the established date for quarter and annual accounting records is specified);

date of sending / acceptance - (specific date of the mailing of accounting records or date of its actual transfer on accessory is specified).

Data in forms are provided in somoni without decimal signs.

Business entities shall adhere accepted by them in accordance with the established procedure content and forms of accounting records of one accounting year to another.

In case of creation of the reporting it is necessary to consider that:

date as of which the business entity shall constitute accounting records - the last calendar day of the accounting period is considered reporting, i.e. all economic activities shall be reflected in annual accounts for December 31;

accounting records of business entity shall include indicators of activities of branches, representations and other structural divisions;

addresses and terms of submission of annual accounting records it is established by the joint order of the Ministry of Finance and State committee of statistics of the Republic of Tajikistan;

the represented annual accounting records shall be claimed on the balance sheet commissions of the Ministries, Departments and State concerns as it is provided by the decision of State commission on economic reform of February 12, 1998 No. 3/98. Annual accounting records of joint-stock companies shall be considered and affirm on general annual meetings of shareholders;

day of representation by business entity of accounting records is determined by date of its mailing or date of the actual transfer on accessory;

the reporting encloses to the cover letter of business entity which is drawn up in accordance with the established procedure and containing information on structure of the represented accounting records;

indicators of accounting records shall be confirmed by results of inventory count of property and financial liabilities according to Methodical instructions for inventory count of property and financial liabilities;

in cases if, according to regulating documents on financial accounting the indicator be subtracted from the corresponding indicators (this) in case of calculation relevant data (intermediate, final and so forth) or has negative value, then in accounting records this indicator is shown in parentheses.

The structure of accounting records depends on the term of its representation.

The intermediate (quarter) reporting contains:

T. No. 1 "Balance sheet"

T. No. 2 "Profit and loss statement"

T. No. 4 "Report on shortages, plunders and spoil of commodity and material and other values"

T. No. 6 "Cash flow statement".

The annual accounts contain:

T. No. 1 "Balance sheet"

T. No. 2 "Profit and loss statement"

T. No. 3 "Report on changes of the capital"

T. No. 4 "Report on shortages, plunders and spoil of commodity and material and other values"

T. No. 5 "Appendix to the balance sheet"

T. No. 6 "Cash flow statement";

Explanatory note.

The small business entities which are not applying simplified taxation system, accounting and the reporting have the right not to represent ф.№3, 4,5,6 and the explanatory note in case of absence at them the relevant data.

The form No. 4 is represented as a part of accounting records only by the state companies, the unitary enterprises and the companies in which activities the share of the state participates.

When forming indicators of the reporting special attention should be paid to materialities value of indicator. The decision of business entity of question whether this indicator is essential, depends on assessment of indicator, its nature, specific circumstances of origin.

Proceeding from the principle of materiality, it is necessary to consider that:

indicators about separate assets, obligations, the income, expenses and economic activities, and also components of the capital shall be given in accounting records separately, in cases of their materiality and if without knowledge of them the interested users assessment of financial position of business entity or financial results of activities is impossible;

each essential indicator is represented separately. The insignificant amounts of similar nature or appointment can unite;

if the indicator несуществен in the isolated type, it combines with others in the balance sheet, the profit and loss statement or in explanations to them;

separate indicators which are insufficiently essential in order that their separate representation in ф.№1 was required and ф.№2, can be rather essential to their isolated representation in explanations;

the business entity shall open in accounting records data on the groups of Articles included in the balance sheet and to Articles included in the profit and loss statement according to requirements of PBU 4/2001;

the business entity can decipher the corresponding indicators in explanations to the balance sheet and the profit and loss statement.

In case of creation of accounting records it is necessary to use the regulating documents regulating the organization and conducting financial accounting, and also creation of the reporting:

1. The law of the Republic of Tajikistan "About financial accounting" of May 14, 1999 No. 750.

2. Provision on conducting financial accounting and accounting records in the Republic of Tajikistan (the order of the Ministry of Finance of RT of 30.12.99 No. 163).

3. The accounting regulation "Accounting Policy of the Companies" (UPP 1/99, the order of the Ministry of Finance of the Republic of Tajikistan of 24.09.99 No. 135).

4. The accounting regulation "Accounting of Property and Obligations of the Company Which Cost Is Expressed in Foreign Currency" (PBU 2/99, the order of the Ministry of Finance of RT of 8.12.99 No. 153)

5. The accounting regulation "Accounting of Inventory Stocks" (PBU 3/2001, the order of the Ministry of Finance of RT of 30.01.2001 No. 21).

6. The accounting regulation "Fixed asset accounting" (PBU 4/2001, the order of the Ministry of Finance of RT of 10.04.2001 No. 64).

7. The accounting regulation "Accounting Records of the Companies" (PBU 5/2001, the order of the Ministry of Finance of RT of 16.07.2001 No. 104).

8. The accounting regulation "Income of the Companies" (PBU 6/2001, the order of the Ministry of Finance of RT of 9.08.2001 No. 116).

9. The accounting regulation "Expenses of the Companies" (PBU 7/2001, the order of the Ministry of Finance of RT of 13.08.2001 No. 118).

10. Methodical instructions for inventory count of property and financial liabilities (the order of the Ministry of Finance of RT of 22.05.97 No. 45). Other documents concerning financial accounting and the reporting which continue to be effective.

BALANCE SHEET FORM NO. 1

When forming indicators of balance sheet items it is necessary to consider that:

data of the balance sheet for the beginning of the accounting period shall be comparable to data of the balance sheet for the period, preceding reporting (taking into account the made reorganization, and also the changes connected using UPP 1/99 "Accounting policy of the companies"). It means that in the column "For the Beginning of Accounting Year" the years (introductory balance) this for the beginning which shall correspond to data of the column "By the end of the reporting period" of prior year (closing balance sheet) are shown;

in balance offsetting between asset items and liabilities is not allowed, except cases when such offsetting is provided by relevant provisions on financial accounting;

rules of assessment of individual clauses of balance are established by relevant provisions on financial accounting;

balance sheet items include numerical indicators in net - assessment, i.e. less sizes which shall reveal in explanations to the balance sheet.

In the line "Representation Term" fixed term of submission of accounting records registers, and the line "It Is Provided It (Is Accepted)" fills body which accepts the reporting where specifies actual date of obtaining.

ASSET

SECTION I. NON-CURRENT ASSETS

Line 110 "Intangible assets" (сч. 04, 05)

Intangible assets are shown in assessment net - on residual cost (item 59 of the Provision on conducting financial accounting and accounting records in the Republic of Tajikistan), except for those objects which cost will not be amortized according to established procedure.

Line 120 "Fixed assets" (сч. 01, 02, 03)

Fixed assets are shown in balance in assessment net - on their residual cost.

When filling this line it must be kept in mind:

the limit of cost of fixed assets (100 minimum wage rates) is set by PBU 4/2001;

the fixed assets both operating, and being on reconstruction, upgrade, recovery, preservation or in inventory;

the cost of the acquired non-residential premises in residential buildings is reflected as a part of fixed assets on the debit of account 01 "Fixed assets", depreciation on them is charged in generally established procedure;

disaggregation of movement of fixed assets within year, and also their structure is given in ф.№5, the Section 3 "Depreciable property";

account 03 "Long-term leasable fixed assets" is used only by the rent companies.

Column 3. It is filled in by data gr.4 p. 110 of the closing balance sheet, residual cost of fixed assets * is shown; (*primechaniye: In comparative tables for the beginning lines from earlier operating balance are applied)

p. 110 gr.3 = f.5 (p. 370 gr.3-str.394 гр. 3)

Column 4. The indicator is determined in the settlement way by the Ledger taking into account accounts balance 01 "Fixed assets", 02nd "Depreciation of fixed assets" and 03 "by Dolgosrochno leasable fixed assets" on 31.12.2001;

p. 110 gr.4 = f.5 (p. 370 gr.6-str.394 гр. 4)

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