Approved by the Order the Ministry of Finance of the Azerbaijan Republic of December 28, 2000 No. I-193

The instruction about treasurer accounting of the acquired goods, works and services accepted by the managers of the credits financed from the government budget

1. General provisions

This Instruction is prepared according to the Order of the President of the Azerbaijan Republic of May 16, 1997 No. 568 "On regulation of activities of the State Treasury in the Azerbaijan Republic".

The beginning of implementation of cash execution of budget incomes and expenses by means of the State Treasury as a result of creation of system of treasury in the Azerbaijan Republic made possible the organization of the mechanisms of execution providing treasurer control over formation of debit accounts payable and actual expenses also at other stages of process of budget implementation including in the credit institutions financed from the government budget (further - state-financed organizations).

Creation of mechanisms of control in treasurer system at the above-stated stages of budget implementation causes also more committed debt management in budget process, successful implementation of the most important state payments, rationally using financial resources. From this point of view the organization of the treasurer accounting of goods (works and services) acquired by state-financed organizations regulated by this instruction is of great importance. Such accounting which is constructed by treasury over purchases creates condition for timely receipt of the complete information about the real debts which arose within undertaken obligations, and effective management of these debts.

Acceptance of purchases on accounting in treasury means acceptance of the final goods delivery by the state in state-financed organizations, completion of rendering services and performance of works and it is considered the obligatory state obligation for future payments.

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