ORDER OF THE MINISTRY OF FINANCE OF UKRAINE

of October 18, 1999 No. 242

About approval of the National provision (standard) of financial accounting

In pursuance of the Program of reforming of the system of financial accounting using international standards approved by the resolution of the Cabinet of Ministers of Ukraine of October 28, 1998 No. 1706, I ORDER:

1. Approve the National provision (standard) of the financial accounting 8 "Intangible assets" (further - the Provision (standard) 8) approved by Methodological council on financial accounting under the Ministry of Finance of Ukraine which is applied.

2. Determine that the specified National provision (standard) 8 is applied concerning accounting of transactions which happen since 2000.

3. Provide that other regulations of the Ministry of Finance of Ukraine on financial accounting are effective in the part which is not contradicting the National provision (standard) 8.

Approved by the Order of the Ministry of Finance of Ukraine of October 18, 1999 No. 242

National provision (standard) of the financial accounting 8 "Intangible assets"

General provisions

1. This National provision (standard) determines methodological bases of forming in financial accounting of information on intangible assets and incomplete capital investments into intangible assets (further - intangible assets) and disclosures of information on them in the financial reporting.

2. Regulations of this National provision (standard) are applied by the companies, the organizations and other legal entities (further - the companies) all patterns of ownership (except budgetary institutions and the companies which according to the legislation constitute the financial reporting under International Financial Reporting Standards).

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