ORDER OF THE MINISTRY OF FINANCE OF UKRAINE

of September 29, 2020 No. 588

About modification of some regulatory legal acts of the Ministry of Finance of Ukraine on financial accounting

According to article 6 of the Law of Ukraine "About financial accounting and the financial reporting in Ukraine" I ORDER:

1. In headings and texts of orders of the Ministry of Finance of Ukraine of May 28, 1999 No. 137 "About approval of the Provision (standard) of financial accounting", registered in the Ministry of Justice of Ukraine on June 21, 1999 for No. 392/3685; of July 07, 1999 No. 163 "About approval of the Provision (standard) of financial accounting", registered in the Ministry of Justice of Ukraine on July 23, 1999 for No. 499/3792; of October 08, 1999 No. 237 "About approval of the Provision (standard) of financial accounting", registered in the Ministry of Justice of Ukraine on October 25, 1999 for No. 725/4018; of October 18, 1999 No. 242 "About approval of the Provision (standard) of financial accounting", registered in the Ministry of Justice of Ukraine on November 2, 1999 for No. 750/4043; of October 20, 1999 No. 246 "About approval of the Provision (standard) of financial accounting", registered in the Ministry of Justice of Ukraine on November 2, 1999 for No. 751/4044; of November 29, 1999 No. 290 "About approval of the Provision (standard) of financial accounting", registered in the Ministry of Justice of Ukraine on December 14, 1999 for No. 860/4153; of December 31, 1999 No. 318 "About approval of the Provision (standard) of financial accounting", registered in the Ministry of Justice of Ukraine on January 19, 2000 for No. 27/4248; of January 31, 2000 No. 20 "About approval of the Provision (standard) of the financial accounting 11 "Obligations" registered in the Ministry of Justice of Ukraine on February 11, 2000 for No. 85/4306; of April 26, 2000 No. 91 "About approval of the Provision (standard) of the financial accounting 12 "Financial investments" registered in the Ministry of Justice of Ukraine on May 17, 2000 for №284/4505; of April 27, 2000 No. 92 "About approval of the Provision (standard) of the financial accounting 7 "Fixed assets" registered in the Ministry of Justice of Ukraine on May 18, 2000 for No. 288/4509; of July 28, 2000 No. 181 "About approval of the Provision (standard) of the financial accounting 14 "Lease" registered in the Ministry of Justice of Ukraine on August 10, 2000 for No. 487/4708; of December 28, 2000 No. 353 "About approval of the Provision (standard) of the financial accounting 17 "Income tax" registered in the Ministry of Justice of Ukraine on January 20, 2001 for No. 47/5238; of April 28, 2001 No. 205 "About approval of the Provision (standard) of the financial accounting 18 "Construction contracts" registered in the Ministry of Justice of Ukraine on May 21, 2001 for No. 433/5624; of June 18, 2001 No. 303 "About approval of the Provision (standard) of the financial accounting 23 "Disclosure of information of rather related parties" registered in the Ministry of Justice of Ukraine on June 23, 2001 for No. 539/5730; of July 16, 2001 No. 344 "About approval of the Provision (standard) of the financial accounting 24 "Profit per share" registered in the Ministry of Justice of Ukraine on July 30, 2001 for No. 647/5838; of November 30, 2001 No. 559 "About approval of the Provision (standard) of the financial accounting 13 "Financial instruments" registered in the Ministry of Justice of Ukraine on December 19, 2001 for No. 1050/6241; of February 28, 2002 No. 147 "About approval of the Provision (standard) of the financial accounting 22 "Inflation influence" registered in the Ministry of Justice of Ukraine on March 19, 2002 for No. 269/6557; of October 28, 2003 No. 601 "About approval of the Provision (standard) of the financial accounting 26 "Payments to workers" registered in the Ministry of Justice of Ukraine on November 10, 2003 for No. 1025/8346; of November 07, 2003 No. 617 "About approval of the Provision (standard) of the financial accounting 27 "The non-current assets withheld for sale, and discontinued operation" registered in the Ministry of Justice of Ukraine on November 17, 2003 for No. 1054/8375 (with changes); of December 24, 2004 No. 817 "About approval of the Provision (standard) of the financial accounting 28 "Reduction of usefulness of assets" registered in the Ministry of Justice of Ukraine on January 13, 2005 for No. 35/10315; of May 19, 2005 No. 412 "About approval of the Provision (standard) of the financial accounting 29 "The financial reporting on segments" registered in the Ministry of Justice of Ukraine on June 03, 2005 for No. 621/10901; of November 18, 2005 No. 790 "About approval of the Provision (standard) of the financial accounting 30 "Biological assets" registered in the Ministry of Justice of Ukraine on December 5, 2005 for No. 1456/11736; of April 28, 2006 No. 415 "About approval of the Provision (standard) of the financial accounting 31 "Financial expenses" registered in the Ministry of Justice of Ukraine on May 26, 2006 for No. 610/12484; of July 2, 2007 No. 779 "About approval of the Provision (standard) of the financial accounting 32 "Investment real estate" registered in the Ministry of Justice of Ukraine on July 16, 2007 for No. 823/14090; of August 26, 2008 No. 1090 "About approval of the Provision (standard) of the financial accounting 33 "Expenses on exploration of reserves of minerals" registered in the Ministry of Justice of Ukraine on September 12, 2008 for No. 844/15535; of December 30, 2008 No. 1577 "About approval of the Provision (standard) of the financial accounting 34 "Payment on the basis of shares" registered in the Ministry of Justice of Ukraine on January 22, 2009 for No. 57/16073, of the word "Provision (Standard)" in all cases and numbers shall be replaced with words "National provision (standard)" in the corresponding cases and numbers.

2. In heading and Items 1, 2 orders of the Ministry of Finance of Ukraine of August 10, 2000 No. 193 "About approval of the Provision (standard) of the financial accounting 21 "Influence of changes of the currency rates" registered in the Ministry of Justice of Ukraine on August 17, 2000 for No. 515/4736, of the word "Provision (Standard)" in all cases shall be replaced with words "National provision (standard)" in the corresponding cases.

3. In the order of the Ministry of Finance of Ukraine of November 29, 2000 No. 302 "About notes to the annual financial reporting", registered in the Ministry of Justice of Ukraine on December 11, 2000 for No. 904/5125 (with changes):

"provisions (standards)" shall be replaced with words words "national provisions (standards)";

in Item 7 "banks" to exclude the word.

4. In Item 2 of the order of the Ministry of Finance of Ukraine of May 19, 2005 "About approval of the Provision (standard) of the financial accounting 29 "The financial reporting on segments" registered in the Ministry of Justice of Ukraine on June 3, 2005 for No. 621/10901, of the word "Activities Which Stop" shall be replaced with words No. 412 "The non-current assets withheld for sale and discontinued operation".

5. Approve Changes in some regulatory legal acts of the Ministry of Finance of Ukraine on financial accounting which are attached.

6. In accordance with the established procedure to provide to department of methodology of financial accounting and normative ensuring auditor activities:

submission of this order on state registration in the Ministry of Justice of Ukraine;

promulgation of this order.

7. This order becomes effective from the date of its official publication.

8. To impose control of execution of this order on the deputy minister Vorobey S. I.

Approved by the Order of the Ministry of Finance of Ukraine of September 29, 2020 No. 558

Changes in some regulatory legal acts of the Ministry of Finance of Ukraine on financial accounting

1. In headings and texts of provisions (standards) of financial accounting 6 "Error correction and changes in financial statements", No. approved by the order of the Ministry of Finance of Ukraine of May 28, 1999 137, registered in the Ministry of Justice of Ukraine on June 21, 1999 for No. 392/3685 (with changes); 19 "Merging of the companies", the Ministry of Finance of Ukraine approved by the order of July 7, 1999 No. 163, registered in the Ministry of Justice of Ukraine on July 23, 1999 for No. 499/3792 (with changes); 10th "Receivables", the Ministry of Finance of Ukraine approved by the order of October 8, 1999 No. 237, registered in the Ministry of Justice of Ukraine on October 25, 1999 for No. 725/4018 (with changes); 8 "Intangible assets", the Ministry of Finance of Ukraine approved by the order of October 18, 1999 No. 24, registered in the Ministry of Justice of Ukraine on November 2, 1999 for No. 750/4043 (with changes); 9th "Inventories", the Ministry of Finance of Ukraine approved by the order of October 20, 1999 No. 246, registered in the Ministry of Justice of Ukraine on November 2, 1999 for No. 751/4044 (with changes); 15th "Income", the Ministry of Finance of Ukraine approved by the order of November 29, 1999 No. 290, registered in the Ministry of Justice of Ukraine on December 14, 1999 for No. 860/4153 (with changes); 16th "Expenses", the Ministry of Finance of Ukraine approved by the order of December 31, 1999 No. 318, registered in the Ministry of Justice of Ukraine on January 19, 2000 for No. 27/4248 (with changes); 11 "Obligations", the Ministry of Finance of Ukraine approved by the order of January 31, 2000 No. 20, registered in the Ministry of Justice of Ukraine on February 11, 2000 for No. 85/4306 (with changes); 12 "Financial investments", the Ministry of Finance of Ukraine approved by the order of April 26, 2000 No. 91, registered in the Ministry of Justice of Ukraine on May 17, 2000 for No. 284/4505 (with changes); 7th "Fixed assets", the Ministry of Finance of Ukraine approved by the order of April 27, 2000 No. 92, registered in the Ministry of Justice of Ukraine on May 18, 2000 for No. 288/4509 (with changes); 14th "Lease", the Ministry of Finance of Ukraine approved by the order of July 28, 2000 No. 181, registered in the Ministry of Justice of Ukraine on August 10, 2000 for No. 487/4708 (with changes); 21 "Influence of changes of the currency rates", the Ministry of Finance of Ukraine approved by the order of August 10, 2000 No. 193, registered in the Ministry of Justice of Ukraine on August 17, 2000 for No. 515/4736 (with changes); 17th "Income tax", the Ministry of Finance of Ukraine approved by the order of December 28, 2000 No. 353, registered in the Ministry of Justice of Ukraine on January 20, 2001 for No. 47/5238 (with changes); 18 "Construction contracts", the Ministry of Finance of Ukraine approved by the order of April 28, 2001 No. 205, registered in the Ministry of Justice of Ukraine on May 21, 2001 for No. 433/5624 (with changes); 23 "Disclosure of information of rather related parties", the Ministry of Finance of Ukraine approved by the order of June 18, 2001 No. 303, registered in the Ministry of Justice of Ukraine on June 23, 2001 for No. 539/5730 (with changes); 24 "Profit per share", the Ministry of Finance of Ukraine approved by the order of July 16, 2001 No. 344, registered in the Ministry of Justice of Ukraine on July 30, 2001 for No. 647/5838 (with changes); 13th "Financial instruments", the Ministry of Finance of Ukraine approved by the order of November 30, 2001 No. 559, registered in the Ministry of Justice of Ukraine on December 19, 2001 for No. 1050/6241 (with changes); 22 "Inflation influence", the Ministry of Finance of Ukraine approved by the order of February 28, 2002 No. 147, registered in the Ministry of Justice of Ukraine on March 19, 2002 for No. 269/6557 (with changes); 26 of "Payment to workers", the Ministry of Finance of Ukraine approved by the order of October 28, 2003 No. 601, registered in the Ministry of Justice of Ukraine on November 10, 2003 for No. 1025/8346 (with changes); 27 "The non-current assets withheld for sale, and discontinued operation", the Ministry of Finance of Ukraine approved by the order of November 7, 2003 No. 617, registered in the Ministry of Justice of Ukraine on November 17, 2003 for No. 1054/8375 (in edition of the order of the Ministry of Finance of Ukraine of October 3, 2007 No. 1100) (with changes); 28 "Reduction of usefulness of assets", the Ministry of Finance of Ukraine approved by the order of December 24, 2004 No. 817, registered in the Ministry of Justice of Ukraine on January 13, 2005 for No. 35/10315 (with changes); 29 "The financial reporting on segments", the Ministry of Finance of Ukraine approved by the order of May 19, 2005 No. 412, registered in the Ministry of Justice of Ukraine on June 3, 2005 for No. 621/10901 (with changes); 30 "Biological assets", the Ministry of Finance of Ukraine approved by the order of November 18, 2005 No. 790, registered in the Ministry of Justice of Ukraine on December 05, 2005 for No. 1456/11736 (with changes); 31 "Financial expenses", the Ministry of Finance of Ukraine approved by the order of April 28, 2006 No. 415 registered in the Ministry of Justice of Ukraine on May 26, 2006 for No. 610/12484 (with changes); 32 "The investment real estate", the Ministry of Finance of Ukraine approved by the order of July 2, 2007 No. 779, registered in the Ministry of Justice of Ukraine on July 16, 2007 for No. 823/14090 (with changes); 33 "Expenses on exploration of reserves of minerals", the Ministry of Finance of Ukraine approved by the order of August 26, 2008 No. 1090, registered in the Ministry of Justice of Ukraine on September 12, 2008 for No. 844/15535 (with changes); 34 "Payment on the basis of shares", the Ministry of Finance of Ukraine approved by the order of December 30, 2008 No. 1577, registered in the Ministry of Justice of Ukraine on January 22, 2009 for No. 57/16073 (with changes), the words "Provision (Standard)" in all cases and numbers shall be replaced with words "National provision (standard)" in the corresponding cases and numbers.

2. In footnote to standard form of the financial reporting No. 5 "Notes to the annual financial reporting" approved by the order of the Ministry of Finance of Ukraine of November 29, 2000 No. 302, registered in the Ministry of Justice of Ukraine on December 11, 2000 for No. 904/5125 (in edition of the order of the Ministry of Finance of Ukraine of October 28, 2003 No. 602) (with changes), the words "Provisions (Standard)" shall be replaced with words "National provision (standard)".

3. In the Instruction about application of the Chart of accounts of financial accounting of assets, the capital, obligations and economic activities of the companies and organizations approved by the order of the Ministry of Finance of Ukraine of November 30, 1999 No. 291, registered in the Ministry of Justice of Ukraine on December 21, 1999 for No. 893/4186 (with changes):

1) in the Section I:

in paragraph one to exclude the word of "banks";

in paragraph eight "Accounting" to replace the word with the word "Accounting";

2) in the second offer of paragraph one of account 96 "Losses from equity participation" of class 9 the word "Investments" shall be replaced with words "Financial investments";

3) in the text of the Instruction of the word "Provision (Standard)" in all cases and numbers shall be replaced with words "National provision (standard)" in the corresponding cases and numbers.

4. In Item 2 of the Provision (standard) of the financial accounting 16 "Expenses" approved by the order of the Ministry of Finance of Ukraine of December 31, 1999 No. 318, registered in the Ministry of Justice of Ukraine on January 19, 2000 for No. 27/4248 (with changes) to exclude the word of "banks".

5. In Item 2 of the Provision (standard) of the financial accounting 30 "Biological assets" approved by the order of the Ministry of Finance of Ukraine of November 18, 2005 No. 790, registered in the Ministry of Justice of Ukraine on December 05, 2005 for No. 1456/11736 (with changes) to exclude the word of "banks".

6. In Item 2 of the Provision (standard) of the financial accounting 33 "Expenses on exploration of reserves of minerals" approved by the order of the Ministry of Finance of Ukraine of August 26, 2008 No. 1090, registered in the Ministry of Justice of Ukraine on September 12, 2008 for No. 844/15535 (with changes) to exclude the word of "banks".

7. In the National provision (standard) of financial accounting 25 "The simplified financial reporting", No. approved by the order of the Ministry of Finance of Ukraine of February 25, 2000 39, registered in the Ministry of Justice of Ukraine on March 15, 2000 for No. 161/4382 (in edition of the order of the Ministry of Finance of Ukraine of January 24, 2011 No. 25) (with changes):

1) in the first offer of subitem 2.22 of Item 2 of the Section II of the word" on which percent are charged," to exclude;

2) in Item 1 of the Section III:

in subitem 1.4 of the word "debt of founders on forming of the authorized capital" to exclude;

after subitem 1.8 to add with new subitem 1.9 of the following content:

"1.9. In the article "Unpaid Capital" the outstanding amount of owners (participants) on fees in the authorized capital is reflected. The amounts under this Article are subtracted in case of determination of result of equity.".

With respect thereto subitems 1.9 - 1.15 to consider respectively subitems 1.10 - 1.16;

in the first offer of subitem 1.10 of the word" on which percent are charged," to exclude;

3) in appendices to the National provision (standard) 25 "The simplified financial reporting":

in marks of appendices 1, "Item 5" to replace the 2nd word and figure with the word and figure "item 4";

in appendix 2 to add form No. "The retained earnings (uncovered loss)", 1-ms after line item, with new line item of the following content:

"

".

8. In Item 11 of the Provision (standard) of the financial accounting 21 "Influence of changes of the currency rates" approved by the order of the Ministry of Finance of Ukraine of August 10, 2000 No. 193, registered in the Ministry of Justice of Ukraine on August 17, 2000 for No. 515/4736 (with changes), "the changes in price and" to exclude words.

9. Paragraph two of Item 14 of the Provision (standard) of the financial accounting 17 "Income tax" approved by the order of the Ministry of Finance of Ukraine of December 28, 2000 No. 353, registered in the Ministry of Justice of Ukraine on January 20, 2001 for No. 47/5238 (with changes) to add with the words "with not discounted amount which is subject to compensation or payment.

10. In Item 2 of the Provision (standard) of the financial accounting 29 "The financial reporting on segments" approved by the order of the Ministry of Finance of Ukraine of May 19, 2005 No. 412, registered in the Ministry of Justice of Ukraine on June 03, 2005 for No. 621/10901 (with changes), words "small enterprises, the non-profitable organizations, banks and" shall be replaced with words "legal entities who according to the Law of Ukraine "About financial accounting and the financial reporting in Ukraine" are acknowledged as the microcompanies, small enterprises, not entrepreneurial societies, the companies which keep the simplified financial accounting of the income and expenses according to the tax legislation,".

11. In subitem 1.7 of Item 1 of the Section III of the Provisions on inventory count of assets and liabilities approved by the order of the Ministry of Finance of Ukraine of September 2, 2014 No. 879, registered in the Ministry of Justice of Ukraine on October 30, 2014 for No. 1365/26142 (with changes), "inventory" to replace the word with the word of "inventory".

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