ORDER OF THE MINISTRY OF FINANCE OF THE RUSSIAN FEDERATION

of June 9, 2001 No. 44n

About approval of the Accounting regulation "Accounting of Inventory Stocks" PBU 5/01

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 N283 (The Russian Federation Code, 1998, N 11, to the Art. 1290), I order:

1. Approve the enclosed Accounting regulation "Accounting of Inventory Stocks" PBU 5/01.

2. Declare invalid:

the order of the Ministry of Finance of the Russian Federation of June 15, 1998 N25n "About Approval of the Accounting Regulation of Inventory Stocks" PBU 5/98" (the order is registered in the Ministry of Justice of the Russian Federation on July 23, 1998, registration number 1570);

Item 1 of the List of the changes and additions made to regulatory legal acts of the Ministry of Finance of the Russian Federation approved by the order of the Ministry of Finance of the Russian Federation of December 30, 1999 N107n (the order is registered in the Ministry of Justice of the Russian Federation on January 28, 2000, registration number 2064);

Item 2 of the Changes in regulatory legal acts on financial accounting attached to the order of the Ministry of Finance of the Russian Federation of March 24, 2000 by N31n "About Modification of Regulatory Legal Acts on Financial Accounting" (the order is registered in the Ministry of Justice of the Russian Federation on April 26, 2000, registration number 2209).

3. Enact this order, starting with accounting records of 2002.