PROVISION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of November 24, 2022 No. 809-P

About the chart of accounts of financial accounting for credit institutions and procedure for its application
(Extraction)

This Provision based on Item 14 of article 4 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" <1>, parts 6 of article 21 of the Federal Law of December 6, 2011 No. 402-FZ "About financial accounting" <2> and according to the solution of the Board of directors (the minutes of the Board of directors of the Bank of Russia of November 21, 2022 No. PSD-70) establish the Chart of accounts of financial accounting for credit institutions and procedure for its application.

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<1> Russian Federation Code, 2002, No. 28, Art. 2790; 2021, No. 27, Art. 5187.

<2> Russian Federation Code, 2011, No. 50, Art. 7344; 2021, No. 27, Art. 5187.

1. Credit institutions perform financial accounting according to the Chart of accounts of financial accounting for credit institutions and procedure for its application (appendix to this Provision).

In case of application of this provision credit institutions are guided by International accounting standards (further - IFRS) and the IFRS Explanations accepted by IFRS Fund, enacted in the territory of the Russian Federation according to the order of the Government of the Russian Federation of February 25, 2011 No. 107 "About approval of the Regulations on recognition of International accounting standards and Explanations of International accounting standards for application in the territory of the Russian Federation" <1> (further - the order of the Government of the Russian Federation of February 25, 2011 No. 107), and also part 12 of article 21 of the Federal Law of December 6, 2011 No. 402-FZ "About financial accounting" <2>.

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<1> Russian Federation Code, 2011, No. 10, Art. 1385; 2022, No. 26, Art. 4493.

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