Approved by the order of the Ministry of Finance of the Azerbaijan Republic of April 18, 2006, No. I-38

National accounting standard No. 5 for the commercial organizations for "Cash flow statement"

General provisions

Purpose of the standard

1. This standard is prepared according to the Law of the Azerbaijan Republic "About financial accounting" and is based on the International accounting standard No. 7 under the name "Cash flow statements".

Submission of financial statements

2. According to the Law of the Azerbaijan Republic "About financial accounting", the commercial organizations (consolidated) financial statements in state bodies in cases, by rules and in the terms determined by legal acts, and to other persons in cases, by rules and in the terms determined by the charter submit the annual financial reports integrated.

Purpose

3. The purpose of this standard is providing requirements about preparation and submission of the Cash flow statement, according to Article 76 of the National standard of the accounting report No. 1 for the commercial organizations for "Submission of financial statements".

Scope of the standard

4. This standard is applied to the cash flow statement and the integrated (consolidated) financial statements prepared by the commercial organizations, except for the organizations of social significance and subjects of small property as component of annual financial reports according to the National accounting standard.

5. Except for the organizations of social significance and subjects of small property, the commercial organizations can submit based on the choice financial statements and the integrated (consolidated) financial statements according to International accounting standards.

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