RESOLUTION OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF BELARUS

of November 30, 2007 No. 180

About approval of the Instruction for inventory count of assets and liabilities and recognition voided regulatory legal act of the Ministry of Finance of the Republic of Belarus

Based on the Regulations on the Ministry of Finance of the Republic of Belarus approved by the resolution of Council of Ministers of the Republic of Belarus of October 31, 2001 No. 1585 "Questions of the Ministry of Finance of the Republic of Belarus", the Ministry of Finance of the Republic of Belarus DECIDES:

1. Approve the enclosed Instruction for inventory count of assets and liabilities.

2. Recognize invalid the Methodical instructions for inventory count of property and financial liabilities approved by the Ministry of Finance of the Republic of Belarus on December 5, 1995 No. 54 (The bulletin of normative legal information, 1996, No. 3).

3. This resolution becomes effective since January 1, 2008.

Approved by the Resolution of the Ministry of Finance of the Republic of Belarus of November 30, 2007 No. 180

Instruction for inventory count of assets and liabilities

Chapter 1. General provisions

1. The instruction for inventory count of assets and liabilities (further the Instruction) establishes single procedure for carrying out inventory count of assets and liabilities of the organizations keeping according to the legislation financial accounting, registrations of results of inventory count and their reflection in financial accounting.

2. For the purposes of this Instruction treat the inventoried assets:

non-current assets (fixed assets, intangible assets, profitable investments in material values, investments in non-current assets (including construction in progress), other non-current assets);

current assets (inventories and costs (including raw materials, materials (purchased semifinished products and components; designs and details; fuel; container and tare materials; spare parts; other materials; the materials transferred to conversion on the party; construction materials; stock and economic accessories; the special equipment and special clothes in warehouse; the special equipment and special clothes in operation) and other assets, animal on cultivation and fattening (including young growth of animals), work in progress and semifinished products, expenses on realization, finished goods and goods for realization (including goods in warehouses, goods in retail trade, container under goods and empty, purchased products, products of subsidiary agricultural industry), the goods shipped, the completed phases on incomplete works, deferred expenses, other inventories and costs);

receivables;

settlings with founders;

money;

financial investments;

other current assets.

Treat the inventoried obligations of the organization:

long-term loans and loans;

short-term loans and loans;

accounts payable;

debt to founders;

reserves of the forthcoming expenses;

other obligation types.

3. In inventory progress availability, condition and assessment of assets and liabilities (including unaccounted) are documented way:

comparisons to accounting data;

identifications of the assets and liabilities which partially lost the initial appointment (consumer properties) and outdate morally;

identifications above-standard and idle assets and obligations for the purpose of their accounting and the subsequent realization or write-off;

verifications of obligations for the purpose of the correct forming of the income and deferred expenses, reserves of the forthcoming expenses, and also reliability of the amounts of receivables and payables, etc.;

checks of education and use of sources of own means, means of target financing, etc.

4. Inventory count is carried out:

surely in the cases established by part three of article 12 of the Law of the Republic of Belarus of October 18, 1994 "About financial accounting and the reporting" (Vyarkho¸naga Savet's Vedamastsi of Respubliki Belarus, 1994, No. 34, Art. 566; National register of legal acts of the Republic of Belarus, 2001, No. 63, 2/785);

according to the decision of the head of the organization;

according to the decision of the controlling (supervising) bodies or auditing group during conducting check according to the procedure, established by the legislation;

in case of collective (brigade) financial responsibility, in case of change of the head (foreman), disposal from collective (crew) more than fifty percent of his members, and also upon the demand of one or several members of collective (crew);

in other cases established by the legislation.

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