ORDER OF THE MINISTRY OF FINANCE OF THE RUSSIAN FEDERATION

of May 6, 1999 No. 32n

About approval of the Accounting regulation "Income of the Organization" PBU 9/99"

In pursuance of the Program of reforming of financial accounting according to international accounting standards approved by the order of the Government of the Russian Federation of March 6, 1998 N 283, I order:

1. Approve the enclosed Accounting regulation "Income of the Organization" PBU 9/99.

2. Enact this order since January 1, 2000.

Approved by the Order of the Ministry of Finance of the Russian Federation of May 6, 1999 No. 32n

Accounting regulation "Income of the Organization" PBU 9/99

I. General provisions

1. This Provision establishes rules of forming in financial accounting of information on the income of the commercial organizations (except credit and insurance companies), being legal entities by the legislation of the Russian Federation.

In relation to this Provision non-profit organizations (except the public (municipal) institutions) recognize the income from business and other activity.

2. The income of the organization increase in economic benefits as a result of receipt of assets (money, other property) and (or) repayments of obligations, leading to increase in the capital of this organization, except for deposits of participants (owners of property) is recognized.

3. For the purposes of this provision are not recognized the income of the organization of receipt from other legal entities and physical persons:

tax amounts on value added, excises, the sales tax, export duties and other similar obligatory payments;

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