This order of the Ministry of Finance introduces amendments to regulatory legal acts on accounting in the public sector.<\/p>\n
Essence of changes:
\n1. The Chart of Accounts for Public Sector Accounting is being updated – new sub-accounts are added and existing names are clarified for more accurate reflection of budget funds operations.<\/p>\n
2. Changes are being made to the Procedure for Applying the Chart of Accounts – the procedure for accounting operations on new and modified sub-accounts is being clarified.<\/p>\n
3. Typical correspondence of sub-accounts is being updated to reflect operations on execution of state and local budgets.<\/p>\n
Main provisions:
\n– The list of sub-accounts for accounting operations with budget funds of managers and recipients has been expanded
\n– Account names for reflecting debt on credits and loans have been clarified
\n– A new sub-account for accounting credits for investment project implementation has been added
\n– Account correspondence for reflecting budget execution operations has been updated<\/p>\n
The most important changes concern:
\n– Accounting of operations with budget funds in bank accounts
\n– Reflection of debt on credits and loans
\n– Accounting of foreign currency operations
\n– Reflection of operations on execution of state and local budgets<\/p>\n