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ORDER OF THE MINISTRY OF FINANCE OF UKRAINE

of March 18, 2024 No. 130

About modification of the National provision (standard) of financial accounting 6 "Error correction and changes in financial statements"

According to article 6 of the Law of Ukraine "About financial accounting and the financial reporting in Ukraine", the subitem 5 of item 4 of the Regulations on the Ministry of Finance of Ukraine approved by the resolution of the Cabinet of Ministers of Ukraine of August 20, 2014 No. 375, I ORDER:

1. Bring in the National provision (standard) of financial accounting 6 "Error corrections and changes in financial statements", the Ministry of Finance of Ukraine approved by the order of May 28, 1999 No. 137, registered in the Ministry of Justice of Ukraine on June 21, 1999 at No. 392/3685, the following changes:

1) in Item 3:

third to state the paragraph in the following edition:

"Accounting estimates - monetary value of financial statement elements which do not give in to direct observation and are determined approximately, that is are previously estimated.";

add after the paragraph of third with paragraphs the fourth or tenth the following content:

"Examples of accounting estimates are:

reserve of doubtful debts;

net value of realization of stock unit;

fair value of assets or liabilities;

amount of charged depreciation of fixed asset object;

providing on accomplishment of warranty obligations.

Assessment determination of sums of money on which financial statement elements shall be recognized and be reflected.".

With respect thereto the fourth to consider the paragraph the paragraph the eleventh;

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