ORDER OF THE MINISTER OF FINANCE OF THE REPUBLIC OF KAZAKHSTAN

of September 21, 2012 No. 433

About introduction of amendments to the order of the Minister of Finance of the Republic of Kazakhstan of September 7, 2010 No. 444 "About approval of Accounting policy"

According to Item 2 of Article 116 of the Budget code of the Republic of Kazakhstan, I ORDER:

1. Bring in the order of the Minister of Finance of the Republic of Kazakhstan of September 7, 2010 No. 444 "About approval of Accounting policy" (registered in the Register of state registration of regulatory legal acts for No. 6505, published in the Kazakhstanskaya Pravda newspaper of October 6, 2010 for No. 263 (26324)) the following changes:

in the Accounting policy approved by the specified order:

state Item 9 in the following edition:

"9. Article answering to determination of financial statement element is recognized as asset if:

1) there is probability that any future economic benefit or service potential connected with Article will be received by public institution;

2) actual costs on acquisition or project cost can be reliably measured.

Article answering to determination of financial statement element is recognized as the obligation if:

1) the subject has existing obligation as a result of last event;

2) is probability that disposal of the resources comprising economic benefits or service potential for repayment of the obligation will be required;

3) reliable assessment of the obligation can be determined.";

state Item 19 in the following edition:

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