ORDER OF THE MINISTRY OF FINANCE OF THE RUSSIAN FEDERATION

of November 27, 2006 No. 154n

About approval of the Accounting regulation "Accounting of Assets and Liabilities Which Cost Is Expressed in Foreign Currency" (PBU 3/2006)

For the purpose of enhancement of normative legal regulation in the field of financial accounting and accounting records and according to the Regulations on the Ministry of Finance of the Russian Federation approved by the order of the Government of the Russian Federation of June 30, 2004 N329 (The Russian Federation Code, 2004, N 31, Art. 3258; N 49, of Art. 4908; 2005, N 23, Art. 2270; N 52, of Art. 5755; 2006, N 32, Art. 3569; I order to N 47, 4900):

1. Approve the enclosed Accounting regulation "Accounting of Assets and Liabilities Which Cost Is Expressed in Foreign Currency" (PBU 3/2006).

2. Determine that this order becomes effective from accounting records of 2007.

3. Determine that the organizations, being legal entities by the legislation of the Russian Federation (except for credit institutions and budgetary institutions), make in financial accounting as of January 1, 2007 recalculation in rubles of the cost of means expressed in foreign currency in the calculations (including according to loan obligations) with legal entities and physical persons which are subject to payment proceeding from conditions of agreements (irrespective of terms of their conclusion) in rubles.

Recalculation is made according to the procedure, established by Items 5 and 8 of the Accounting regulation "Accounting of Assets and Liabilities Which Cost Is Expressed in Foreign Currency" (PBU 3/2006) and formed in case of recalculation of the amount of increase or reduction of cost of the specified means in calculations belong on the account of retained earnings (uncovered loss).

Appendix

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info