ORDER OF THE MINISTER OF FINANCE OF THE REPUBLIC OF KAZAKHSTAN

of May 23, 2007 No. 185

About approval of the Standard chart of accounts of financial accounting

For the purpose of implementation of the subitem 2) of Item 5 of article 20 of the Law of the Republic of Kazakhstan "About financial accounting and the financial reporting" and subitem 643-3) of Item 15 of the Regulations on the Ministry of Finance of the Republic of Kazakhstan approved by the order of the Government of the Republic of Kazakhstan of April 24, 2008 No. 387 I ORDER:

1. Approve the enclosed Standard chart of accounts of financial accounting.

2. Department of methodology of financial accounting, audit and assessment to provide state registration of this order in the Ministry of Justice of the Republic of Kazakhstan and official publication in the procedure established by the legislation.

3. Recognize invalid orders of the Minister of Finance of the Republic of Kazakhstan:

1) of September 18, 2002 No. 438 "About approval of the Standard chart of accounts of financial accounting" (registered in the Register of state registration of regulatory legal acts for No. 1992, published in the Bulletin of regulatory legal acts of the central executive and other state bodies of the Republic of Kazakhstan, 2002, No. 45-46, of Art. 729.);

2) of October 21, 2003 No. 372 "About introduction of amendments to the order of the Minister of Finance of the Republic of Kazakhstan of September 18, 2002 No. 438 "About approval of the Standard chart of accounts of financial accounting" (registered in the Register of state registration of regulatory legal acts for No. 2554, published in the Bulletin of regulatory legal acts of the central executive and other state bodies of the Republic of Kazakhstan, 2003, Art. No. 43-48, 896);

3) of December 22, 2005 No. 426 "About approval of the Instruction (basis) for development of the working chart of accounts of financial accounting for the organizations constituting the financial reporting according to international accounting standards" (registered in the Register of state registration of regulatory legal acts for No. 4008, published in the Bulletin of regulatory legal acts of the central executive and other state bodies of the Republic of Kazakhstan, February, 2006 No. 2 of the Art. 201).

4. This order becomes effective since January 1, 2008.

Approved by the Order of the Minister of Finance of the Republic of Kazakhstan of May 23, 2007, No. 185

Standard chart of accounts of financial accounting

Chapter 1. General provisions

1. This Standard chart of accounts of financial accounting (further - the Standard plan) is developed in compliance by the subitem 2) of Item 5 of article 20 of the Law of the Republic of Kazakhstan "About financial accounting and the financial reporting" and subitem 643-3) of Item 15 of the Regulations on the Ministry of Finance of the Republic of Kazakhstan approved by the order of the Government of the Republic of Kazakhstan of April 24, 2008 No. 387.

Chapter 2. Standard plan

2. The standard plan is intended for group and the current reflection of financial statement elements in value term.

3. Synthetic accounts of financial accounting in the Standard plan are located according to the procedure of reduction of liquidity in form according to appendix to this Standard plan. Financial accounting account numbers contain four signs in the Standard plan. The first figure of number specifies belonging to Sections, the second - belonging to subsections, third - belonging to groups of synthetic accounts, the fourth figure - is determined by the organization independently.

4. The procedure for conducting analytics of transactions and events is established by the individual entrepreneur or officials of the legal entity who according to legal acts of the Republic of Kazakhstan and constituent documents perform the current management and business management, proceeding from needs of the individual entrepreneur or the organization.

Chapter 3. Sections of the Standard plan

5. The standard plan contains the following Sections:

1 Section - "Current assets";

2 undressed - "Non-current assets";

3 undressed - "Short-term obligations";

4 undressed - "Long-term obligations";

5 undressed - "The capital and reserves";

6 undressed - "Income";

7 undressed - "Expenses";

8 undressed - "Accounts of production accounting".

Chapter 4. Accounts of the Section 1 "Current assets"

6. Accounts of the Section 1 "Current assets" are intended for accounting of the assets of the organization classified as short-term.

7. The Section 1 "Current assets" is intended for accounting of the assets of the organization classified as short-term.

The Section 1 "Current assets" includes the following subsections:

1000 - "Money";

1100 - "Current financial assets";

1200 - "Short-term receivables";

1300 - "Inventories";

1400 - "Current tax assets";

1500 - "Non-current assets, held for sale";

1600 - "Biological assets";

1700 - "Other current assets".

8. Subsection 1000 - "Money" is intended for the cash accounting.

This subsection includes the following account groups:

1010 - "Cash on hand" where cash flow in cash desk in national and in foreign currencies is considered;

1020 - "Money in transit" where cash flow in transit and currency conversions is considered;

1030 - "Money on the current bank accounts" where cash flow on the current bank accounts in national and in foreign currencies is considered;

1040 - "Money on correspondent accounts" where cash flow on correspondent accounts in national and in foreign currencies is considered;

1050 - "Money on savings accounts" where cash flow on savings accounts in national and in foreign currencies is considered;

1060 - "The money limited in use" where cash on hand is considered on the current, correspondent and savings accounts, limited in use;

1070 - "Accounting of electronic money" where electronic money in system is considered;

1080 - "Other money" where the other money which is not specified in the previous groups is considered;

1090 - "Provision under impairment losses of money" where provisions under the expected credit impairment losses of money are considered.

9. Subsection 1100 - "Current financial assets" is intended for accounting of short-term financial investments.

This subsection includes the following account groups:

1110 - "The current financial assets estimated on depreciated cost" where the current financial assets estimated on depreciated cost are considered;

1120 - "The current financial assets estimated at fair value through other comprehensive income" where the current financial assets estimated at fair value through other comprehensive income are considered;

1130 - "The current financial assets estimated at fair value through profit or loss" where the current financial assets estimated at fair value through profit or loss are considered;

1140 - "Derivative financial instruments" where derivative financial instruments, including built-in are considered;

1150 - "Short-term remunerations to obtaining" where the transactions connected with movement of receivables on are reflected:

to the added share dividends (shares);

to the added remunerations on finance lease, the granted loans, the acquired financial investments, trust management, and the other added remunerations;

1160 - "Other current financial assets" where the other current financial assets which are not specified in the previous groups are considered;

1170 - "Provision under impairment losses of current financial assets" where provisions under the expected credit impairment losses of current financial assets are considered.

10. Subsection 1200 - "Short-term receivables" is intended for accounting of short-term receivables.

This subsection includes the following account groups:

1210 - "Short-term receivables of buyers and customers" where transactions by settlings with buyers and customers for the realized assets and the rendered services for up to one year, and other short-term receivables of buyers and customers are reflected;

1220 - "Short-term receivables of the affiliated organizations" where transactions by settlings with the affiliated organizations for the realized assets and the rendered services for up to one year, and other short-term receivables of the affiliated organizations are reflected;

1230 - "Short-term receivables of the associated and joint organizations" where transactions by settlings with the associated and joint organizations for the realized assets and the rendered services for up to one year, and other short-term receivables of the associated and joint organizations are reflected;

1240 - "Short-term receivables of branches and structural divisions" where transactions on revenues and cash write-off to accounts of branches, and other short-term receivables of branches and structural divisions are reflected;

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