The order of accounting in the most detailed way in Russian law reflects law no. 402. Its structure and content determine the main principles for the implementation of this process on legally sound grounds.

What is Accounting Law?

The State Duma adopted the accounting law recently - in November 2011 (November 22). It came into effect on January 1, 2013. Three years later, innovations appeared in the text of the document. The last revision took place in December 2017. When developing the bill, its creators pursued the goal of creating unified rules for accounting accounting.

Federal Law "On Accounting" dated December 6, 2011 N 402-FZ is valid for:

• Organizations related to trade;
• Non-commercial institutions;
• Governing bodies subordinated to the state power;
• Bank of Russia;
• Individually owned companies (private lawyers, notarial service providers, etc.);
• Cells of international organizations located within the Russian Federation.

What areas does the accounting law cover?

1. Preparation of financial statements of the enterprise;
2. Accounting under the system of trust management;
3. Accounting reports for the implementation of the agreement on the division of property.

Federal Law No. 402 is not used to draw up internal enterprise reports and reports for lending organizations.

It is also useful to read about latest changes in Federal Law No. 129. More

A number of accounting objects are indicated in Art. 5. It includes:

• The company's costs and revenues;
• Sources for grants;
• company resources;
• Taken over in financial plan obligations, etc.

The most important provisions of Law No. 402

Outlined a list of responsibilities arising from standard management accounting, which is carried out from the registration of the enterprise until the termination of its activities. The law lists subjects that can be exempted from accounting, namely:

• Individual entrepreneurs who timely provide a declaration of income / expenses;
• Subsidiaries of foreign enterprises whose activities are carried out within the framework of the laws of another state.

Also, article six determines that accounting can be kept in a simplified form for:

1. small business representatives;
2. Enterprises that are not commercial;
3. Research institutions.

An indication of the list of documentation required for accounting in accounting is given, as well as mandatory items for specifying:

• Name (in full);
• Date when the accounting act was drawn up;
• The name of the compiler;
• Description of activities in the economic plan;
• Data of persons involved in the transaction;
• Written initials of participants in legal relations.

If the document is in in electronic format also requires an electronic signature. Moreover, if the primary documentation was submitted by a third party, according to the law, the accountant is not responsible for it.

Art. eleven

Approves the conduct of a mandatory inventory of the company's assets, during which the compliance of the objects available with the number indicated in the reports is established. Determining the time for the implementation of the inventory procedure is the right of the economic entity.

Art. 12

According to this part of the Federal Law on Accounting, measurement in monetary terms (in rubles) is a mandatory factor for accounting.

Art. fifteen

The time frames for the reporting period within the boundaries of the calendar year are given - from the first day of the year (01.01) to December 31. The date of the report is considered to be registration with state bodies.

Read also: Federal Law on private detective activity in the new edition. details

Recent amendments made to 402 FZ

Since its entry into force, the accounting law has been revised twice. The release date of the latest version is 12/31/2017.

Changes in Federal Law 402

Part three of Art. eighteen

Evidence of the introduction of copies financial reporting and opinions from auditors to the state information register. It is argued that interested parties have the right to access this resource, unless the information contained in it is part of a state secret.

Download the latest version of the accounting law

Federal Law "On Accounting" dated December 6, 2011 N 402-FZ you can get in the new version. The study of its key theses will help prevent the emergence of disputes regarding the assets of the enterprise, inventory and other points.

The legal act establishes uniform requirements for reporting. They are mandatory for implementation by all entities engaged in entrepreneurial activity, if it is specified in the regulations. Consider some articles of the act (briefly).

Overview of 402-FZ "On Accounting"

The purpose of the document is to create legal mechanism that regulates reporting activities. about accounting (402-FZ) extends to the following:

1. Non-profit and commercial associations.
2. State bodies, local authorities, management bodies of extra-budgetary state and territorial funds.
3. Individual entrepreneurs, privately practicing notaries, lawyers and other similar entities.
4. Representative offices / branches and other structural subdivisions of enterprises established under the laws of foreign states located on the territory of the Russian Federation, as well as international organizations and their branches operating within Russia, unless otherwise established by agreements Russian Federation with foreign countries.

Normative regulation of accounting

402-FZ is applied when managing budgetary assets and obligations of the Russian Federation, regions and MO, the implementation of operations that change them. Its provisions also apply when reporting on expense and income items. The articles of the act are used in the implementation of activities for the formation of documentation by the trustee for the documents transferred to him material values, as well as when maintaining, by one of the participants in a simple partnership, reporting on material assets and related objects. The requirements of the law are applied in accounting during the execution of a production sharing agreement, unless otherwise provided for in Federal Law No. 225.

Exceptions

Legal act on accounting (402-FZ) does not apply when summarizing the information required for reporting for:

1. Internal use in the enterprise.
2. Providing a credit institution, according to its requirements.
3. Other purposes, if its application is not provided for by separate legal documents.

Objects

Establishes a list of categories in respect of which primary documentation is compiled. These objects include:

1. Data economic activity enterprises.
2. Commitments.
3. Assets.
4. Sources of financing the work of the enterprise.
5. Expenses.
6. Income.
7. Other objects, if specified by the standards.

Duty to generate documentation

402-FZ "On Accounting" (last edition) contains a number of prescriptions for economic entities. In particular, the obligation to keep accounts is established, unless otherwise provided by other legal acts. From the need to keep accounting can be exempted:

1. Individual entrepreneurs, persons engaged in private practice. They may not generate documentation if, according to the Tax Code, they take into account expenses and incomes or only receipts, as well as other objects of taxation in the manner prescribed therein.
2. Representative offices / branches of organizations established in the manner prescribed by the legal acts of a foreign state, located on the territory of the Russian Federation. These entities may not generate documentation if, in accordance with the Tax Code, they take into account expenses and income, as well as other objects of taxation in accordance with the rules established in the Code.

Nuances

legal act on accounting (402-FZ) prescribes continuous compilation of information from the date of state registration of the enterprise until the end of its activities in connection with the liquidation / reorganization. Organizations that have become participants in development, research and commercialization programs can use the simplified reporting methods provided for small businesses. The specified provision is valid in case of obtaining the appropriate status, in accordance with Federal Law No. 244.

Organizational moments

"On Accounting" provides for a number of rights and obligations for heads of enterprises and individual entrepreneurs. In particular, reporting and storage of documentation is organized by the director of the organization. If an individual entrepreneur or a private practice entity keeps records in accordance with the provisions of Federal Law No. 402, they bear obligations similar to those established for business leaders. The director of an organization, with the exception of a credit organization, assigns the appropriate duties to a specialist on staff. He may also enter into an agreement with a third-party company providing accounting services. The head of a credit organization is required to assign the relevant duties only to a specialist who is on the staff. An individual entrepreneur has the right to independently keep records.

Requirements for specialists

Law 402-FZ prescribes that in an OJSC, in addition to credit organizations, insurance companies, NPFs, investment joint-stock funds, as well as other enterprises whose securities were admitted to circulation on stock exchanges ah, in governing bodies in off-budget territorial and state funds, Ch. an accountant or a specialist performing his functions must have:

1. Higher vocational education.
2. Work experience in the specialty. It should be related to accounting, reporting or auditing activities. The length of service must be at least three of the last five years, and if there is no higher vocational education, at least 5 of the last 7 years (calendar).

The specialist must not have an outstanding/unexpunged conviction for economic crimes. Additional requirements for an official who performs may be provided for by other laws. If the company enters into a contract with a third-party specialist, he must meet the above requirements. If another legal entity is involved in the accounting, there must be at least one employee in the state that meets the characteristics established above. The chief accountant in a financial and credit organization must comply with the requirements determined by the Central Bank.

Disagreements

In some cases, disputes may arise. In particular, there may be disagreements regarding accounting between the director of the enterprise and the official keeping records. In such situations, the data present in the data is not accepted / accepted by the specialist for registration and accumulation in the relevant registers by written order of the head. The manager is solely responsible for the information created as a result of these actions. Similarly, the issue of reflecting the object of accounting is resolved. In this case, the manager's order is also issued, according to which the specialist shows / does not show the disputed asset. Responsibility for the reliability of the financial result and movement financial resources carried by the director.

In November 2011, the Plan for the Development of Accounting and Reporting of Enterprises in the Russian Federation was approved. Its goal was to achieve greater accessibility of information in the field of accounting, improve the quality of reporting and bring it to international standards. The most important step in the implementation of this plan was the adoption of Federal Law No. 402-FZ "On Accounting", which came into force on January 1, 2013.

note since July 18, 2017, Federal Law 402 has been amended - new edition 2017.

The new legal act replaced the previously existing Law No. 129-FZ. In general, the document introduces detailed clarifications to the rules of accounting and financial statements, clarifications are given to many concepts, and some provisions of the old edition are completely changed. Thus, the scope of application of the Accounting Law was expanded. Now entrepreneurs, private practice lawyers and notaries (except for those who pay taxes under the simplified scheme) must keep records. Bodies of state and local self-government, various foundations and branches of international organizations are also required to keep accounting records. Another innovation is related to the definition of accounting objects. Now they are called, also, as well as the income and expenses of the enterprise.

The federal law "on accounting" consists of four main sections. Let's take a quick look at each, and also highlight the main changes compared to the old edition.

Structure of the Accounting Law

Here it is determined that the main purpose of the Law is to establish uniform requirements for accounting. The definition of accounting is given as a system for generating information about economic objects, taking into account the requirements and the creation of financial statements based on this information. Article 2 describes the scope of this Federal Law. As already mentioned, it has been expanded, and now everyone to whom the Federal Law on Accounting applies is not called "organizations", but "economic entities".

2. General requirements for accounting.

This chapter describes in detail the order of and . The duty of the head of the enterprise to properly organize this work is noted. An important innovation is the ban on the head of the enterprise to personally conduct accounting. This provision does not apply to small and medium-sized businesses. In all other enterprises, there must be a staff unit of the chief accountant or there must be an agreement for the provision of relevant services. This lists the minimum requirements for applying for this position.

Article 8 emphasizes that each economic entity can choose its own accounting policy, on the development accounting policy read more.

Article 9 regulates the execution of primary documents. Instead of the previously used unified forms, primary forms approved by the head of the enterprise. This is a mandatory list of items. This article also talks about the possibility of creating documents in digital form, certified by an electronic digital signature.

Article 10 deals with the maintenance of accounting registers. It also expanded the powers of the head in terms of approving the forms of documents. In addition, these documents no longer constitute a trade secret.

Articles 13-18 regulate the creation of financial statements as a source of reliable data on the position of the subject, the result of his work, the movement of financial assets for the reporting period. Here, a requirement appeared to submit one copy of the financial statements to the statistical authorities within a period of not more than three months from the end of the period. Reporting documents are also prohibited from being given the status of a trade secret. The 402nd federal law on accounting, unlike the previous one, does not regulate the methods for providing financial statements to users.

3. Accounting regulation.

This chapter talks about regulatory documents in the field of accounting, bodies authorized to carry out regulation and their functions. Law No. 402-FZ introduces a number of fundamentally new provisions in this part.

A requirement is being introduced for compliance of financial statements with federal and industry standards, as well as compliance with accepted international requirements. Such standards establish the classification of accounting objects, the content and form of the information provided, and other provisions. The standards will be developed by the Ministry of Finance, the Central Bank, as well as entities not state regulation: unions of entrepreneurs, auditors and other interested organizations.

Articles 26-28 deal with the procedure for creating accounting standards. At the same time, the great importance of publishing drafts of such documents in print media and the Internet for the purpose of their public discussion is pointed out.

4. Conclusion.

The final chapter deals with the order of storage accounting documents and specifics of the application of the Law. Storage of accounting documents should take place in accordance with the rules of archiving. In this case, the storage period cannot be less than five years.

Summing up, we can say that Federal Law No. 402-FZ, making accounting more open and democratic, requires compliance with uniform standards in this work.

Chapter 1. General Provisions

Article 1

1. The objectives of this Federal Law are to establish uniform requirements for accounting, including accounting (financial) reporting, as well as to create a legal mechanism for regulating accounting.

2. Accounting - the formation of documented systematized information about the objects provided for by this Federal Law, in accordance with the requirements established by this Federal Law, and the preparation of accounting (financial) statements on its basis.

Article 2. Scope of this Federal Law

1. This Federal Law applies to the following persons (hereinafter referred to as economic entities):

1) commercial and non-commercial organizations;

2) state bodies, local self-government bodies, governing bodies of state off-budget funds and territorial state off-budget funds;

3) the Central Bank of the Russian Federation;

4) individual entrepreneurs, as well as lawyers who have established law offices, notaries and other persons engaged in private practice (hereinafter referred to as persons engaged in private practice);

5) branches, representative offices and other structural subdivisions of organizations established in accordance with the legislation of foreign states located on the territory of the Russian Federation, international organizations, their branches and representative offices located on the territory of the Russian Federation, unless otherwise provided by international treaties of the Russian Federation.

2. This Federal Law shall apply in the conduct of budget accounting assets and liabilities of the Russian Federation, constituent entities of the Russian Federation and municipalities, transactions that change these assets and liabilities, as well as in the preparation of budget reporting.

3. This Federal Law shall apply when the trustee maintains accounting records transferred to him in trust management property and related objects of accounting, as well as in the conduct, including by one of the legal entities participating in the simple partnership agreement, accounting common property comrades and related objects of accounting.

4. This Federal Law shall apply in the course of accounting in the process of fulfilling a production sharing agreement, unless otherwise established by Federal Law No. 225-FZ of December 30, 1995 "On Production Sharing Agreements".

5. This Federal Law shall not apply when creating information necessary for the preparation by an economic entity of reports for internal purposes, reports submitted to a credit institution in accordance with its requirements, as well as reports for other purposes, if the legislation of the Russian Federation and the rules adopted in accordance with it the preparation of such reports does not provide for the application of this Federal Law.

Article 3. Basic concepts used in this Federal Law

For the purposes of this Federal Law, the following basic concepts are used:

1) accounting (financial) statements - information on financial position economic entity as of the reporting date, the financial result of its activities and movement Money for the reporting period, systematized in accordance with the requirements established by this Federal Law;

2) an authorized federal body - a federal executive body authorized by the Government of the Russian Federation to carry out the functions of developing public policy and legal regulation in the field of accounting and financial reporting;

3) accounting standard - a document that establishes the minimum necessary requirements for accounting, as well as acceptable methods of accounting;

4) international standard - an accounting standard, the application of which is a custom in international business, regardless of the specific name of such a standard;

5) chart of accounts of accounting - a systematized list of accounts of accounting;

6) reporting period - the period for which the accounting (financial) statements are prepared;

7) head of an economic entity - a person who is the sole executive body of an economic entity, or a person responsible for managing the affairs of an economic entity, or a manager to whom the functions of a sole executive body have been transferred;

8) the fact of economic life - a transaction, event, operation that have or are able to have an impact on the financial position of an economic entity, the financial result of its activities and (or) cash flow;

9) organizations of the public sector - state (municipal) institutions, state academies of sciences, state bodies, local governments, management bodies of state extra-budgetary funds, management bodies of territorial state extra-budgetary funds.

Article 4. Legislation of the Russian Federation on accounting

The legislation of the Russian Federation on accounting consists of this Federal Law, other federal laws and regulatory legal acts adopted in accordance with them.

Chapter 2. General requirements for accounting

Article 5. Objects of accounting

The objects of accounting of an economic entity are:

1) facts of economic life;

2) assets;

3) obligations;

4) sources of financing of its activities;

5) income;

6) expenses;

7) other objects if it is established by federal standards.

Article 6. Obligation to keep accounting records

1. An economic entity is obliged to keep accounting records in accordance with this Federal Law, unless otherwise established by this Federal Law.

2. Accounting in accordance with this Federal Law may not be kept:

1) an individual entrepreneur, a person engaged in private practice - if, in accordance with the legislation of the Russian Federation on taxes and fees, they keep records of income or income and expenses and (or) other objects of taxation in the manner established by this legislation;

2) a branch, representative office or other structural subdivision of an organization established in accordance with the legislation of a foreign state located on the territory of the Russian Federation - if, in accordance with the legislation of the Russian Federation on taxes and fees, they keep records of income and expenses and (or) other objects of taxation in the manner prescribed by the said legislation.

3. Accounting is kept continuously from the date state registration until the date of termination of activities as a result of reorganization or liquidation.

4. Organizations that have received the status of participants in the project for the implementation of research, development and commercialization of their results in accordance with the Federal Law of September 8, 2010 No. 244-FZ "On the Skolkovo Innovation Center" have the right to apply simplified accounting methods, including simplified accounting (financial) reporting established for small businesses.

Article 7. Organization of accounting

1. Accounting and storage of accounting documents shall be organized by the head of an economic entity.

2. If an individual entrepreneur, a person engaged in private practice, keep accounting in accordance with this Federal Law, they themselves organize accounting and storage of accounting documents, as well as bear other obligations established by this Federal Law for the head of economic subject.

3. The head of an economic entity, with the exception of a credit organization, is obliged to entrust accounting to the chief accountant or other official of this entity, or to conclude an agreement on the provision of accounting services. The head of a credit organization is obliged to entrust accounting to the chief accountant. The head of a small and medium-sized business may take over the accounting.

4. Open joint-stock companies(with the exception of credit organizations), insurance organizations and non-governmental pension funds, joint-stock investment funds, management companies of mutual investment funds, in other economic entities whose securities are admitted to circulation on stock exchanges and (or) other organizers of trade on the market valuable papers(with the exception of credit institutions), in the management bodies of state extra-budgetary funds, in the management bodies of state territorial extra-budgetary funds, the chief accountant or other official who is responsible for accounting must meet the following requirements:

1) have a higher professional education;

2) have work experience related to accounting, preparation of accounting (financial) statements or audit activities, at least three years out of the last five calendar years, and in the absence of higher professional education in the specialties of accounting and audit - at least five years from the last seven calendar years;

3) not have an unexpunged or outstanding conviction for crimes in the field of economics.

5. Additional requirements for the chief accountant or other official responsible for accounting may be established by other federal laws.

6. Individual, with which an economic entity enters into an agreement on the provision of accounting services, must comply with the requirements established by part 4 this article. A legal entity with which an economic entity concludes an agreement on the provision of accounting services must have at least one employee who meets the requirements established by paragraph 4 of this article, with whom an employment contract has been concluded.

7. Chief Accountant credit institution must meet the requirements established by central bank Russian Federation.

8. In the event of disagreements regarding the maintenance of accounting between the head of an economic entity and the chief accountant or other official who is entrusted with the maintenance of accounting, or a person with whom an agreement on the provision of accounting services has been concluded:

1) the data contained in the primary accounting document are accepted (not accepted) by the chief accountant or other official who is entrusted with accounting, or by the person with whom the contract for the provision of accounting services has been concluded, for registration and accumulation in registers accounting by written order of the head of the economic entity, which is solely responsible for the information created as a result of this;

2) the object of accounting is reflected (not reflected) by the chief accountant or other official who is entrusted with accounting, or by the person with whom the contract for the provision of accounting services has been concluded, in the accounting (financial) statements on the basis of a written order of the head an economic entity that is solely responsible for the reliability of the presentation of the financial position of the economic entity as of the reporting date, the financial result of its activities and cash flows for the reporting period.

Article 8. Accounting policy

1. The totality of methods of conducting accounting by an economic entity constitutes its accounting policy.

2. An economic entity independently forms its accounting policy, guided by the legislation of the Russian Federation on accounting, federal and industry standards.

3. When forming an accounting policy in relation to a specific accounting object, a method of accounting is selected from the methods allowed by federal standards.

4. If federal standards do not establish a method of accounting for a specific accounting object, such a method is independently developed based on the requirements established by the legislation of the Russian Federation on accounting, federal and (or) industry standards.

5. Accounting policies must be applied consistently from year to year.

6. Changes in accounting policies may be made under the following conditions:

1) changing the requirements established by the legislation of the Russian Federation on accounting, federal and (or) industry standards;

2) development or selection of a new method of accounting, the use of which leads to an increase in the quality of information about the object of accounting;

3) a significant change in the conditions of activity of an economic entity.

7. In order to ensure comparability of the accounting (financial) statements for a number of years, the accounting policy is changed from the beginning of the reporting year, unless otherwise stipulated by the reason for such a change.

Article 9. Primary accounting documents

1. Each fact of economic life is subject to registration by the primary accounting document.

2. Mandatory details of the primary accounting document are:

1) the name of the document;

2) date of drawing up the document;

3) the name of the economic entity that prepared the document;

5) the value of the natural and (or) monetary measurement of the fact of economic life, indicating the units of measurement;

6) the title of the position of the person (persons) who made (completed) the transaction, operation and responsible (responsible) for the correctness of its execution, or the title of the position of the person (persons) responsible (responsible) for the correctness of registration of the event;

7) signatures of the persons provided for in paragraph 6 of this part, indicating their surnames and initials or other details necessary to identify these persons.

3. The primary accounting document must be drawn up at the time of the fact of economic life, and if this is not possible, immediately after its completion.

4. Forms of primary accounting documents shall be approved by the head of an economic entity on the proposal of an official who is entrusted with accounting. Forms of primary accounting documents for public sector organizations are established in accordance with the budget legislation of the Russian Federation.

5. The primary accounting document is drawn up on hard copy and (or) in the form of an electronic document signed with an electronic signature.

6. If the legislation of the Russian Federation or an agreement provides for the submission of a primary accounting document to another person or to a state body on paper, an economic entity is obliged, at the request of another person or state body, at its own expense, to make hard copies of the primary accounting document drawn up in form of an electronic document.

7. Corrections are allowed in the primary accounting document, unless otherwise established by federal laws or regulatory legal acts of the bodies of state regulation of accounting. The correction in the primary accounting document must contain the date of the correction, as well as the signatures of the persons who drew up the document in which the correction was made, indicating their surnames and initials or other details necessary to identify these persons.

8. If, in accordance with the legislation of the Russian Federation, primary accounting documents, including in the form of an electronic document, are withdrawn, copies of the withdrawn documents made in accordance with the procedure established by the legislation of the Russian Federation are included in accounting documents.

Article 10. Accounting registers

1. Data contained in primary accounting documents are subject to timely registration and accumulation in accounting registers.

2. Omissions or withdrawals are not allowed when registering accounting objects in accounting registers.

3. Accounting is maintained through double entry on accounting accounts, unless otherwise established by federal standards.

4. Mandatory details of the accounting register are:

1) the name of the register;

2) the name of the economic entity that compiled the register;

3) date of beginning and end of maintaining the register and (or) the period for which the register was drawn up;

4) chronological and (or) systematic grouping of accounting objects;

5) the value of the monetary measurement of accounting objects, indicating the unit of measurement;

6) the names of the positions of the persons responsible for maintaining the register;

7) signatures of persons responsible for maintaining the register, indicating their surnames and initials or other details necessary to identify these persons.

5. Forms of accounting registers are approved by the head of an economic entity on the proposal of an official who is entrusted with accounting. Forms of accounting registers for public sector organizations are established in accordance with the budget legislation of the Russian Federation.

6. The accounting register is compiled on paper and (or) in the form of an electronic document signed with an electronic signature.

7. If the legislation of the Russian Federation or an agreement provides for the submission of an accounting register to another person or to a state body on paper, an economic entity is obliged, at the request of another person or state body, to make, at its own expense, on paper copies of the accounting register drawn up in form of an electronic document.

8. In the accounting register, corrections are not allowed that are not authorized by the persons responsible for maintaining the said register. Correction in the accounting register must contain the date of correction, as well as the signatures of the persons responsible for maintaining this register, indicating their surnames and initials or other details necessary to identify these persons.

9. If, in accordance with the legislation of the Russian Federation, accounting registers are withdrawn, including in the form of an electronic document, copies of the withdrawn registers made in the manner established by the legislation of the Russian Federation are included in accounting documents.

Article 11. Inventory of assets and liabilities

1. Assets and liabilities are subject to inventory.

2. During the inventory, the actual presence of the relevant objects is revealed, which is compared with the data of accounting registers.

3. The cases, terms and procedure for conducting an inventory, as well as the list of objects subject to inventory, are determined by the economic entity, with the exception of the mandatory inventory. Mandatory inventory is established by the legislation of the Russian Federation, federal and industry standards.

4. The discrepancies revealed during the inventory between the actual availability of objects and the data of accounting registers are subject to registration in accounting in the reporting period to which the date, as of which the inventory was carried out, refers.

Article 12. Monetary measurement of accounting objects

1. Objects of accounting are subject to monetary measurement.

2. Monetary measurement of accounting items is carried out in the currency of the Russian Federation.

3. Unless otherwise established by the legislation of the Russian Federation, the cost of accounting items, expressed in foreign currency, is subject to conversion into the currency of the Russian Federation.

Article 13. General requirements for accounting (financial) reporting

1. Accounting (financial) statements should give a reliable idea of ​​the financial position of an economic entity as of the reporting date, the financial result of its activities and the cash flow for the reporting period, which is necessary for users of these statements to make economic decisions.

2. An economic entity draws up annual accounting (financial) statements, unless otherwise established by other federal laws, regulatory legal acts of the bodies of state regulation of accounting.

3. Annual accounting (financial) statements are prepared for the reporting year.

4. Interim accounting (financial) statements are prepared by an economic entity in cases established by the legislation of the Russian Federation, regulatory legal acts of state accounting regulatory bodies.

5. Interim accounting (financial) statements are prepared for a reporting period less than a reporting year.

6. Accounting (financial) statements must include performance indicators of all divisions of an economic entity, including its branches and representative offices, regardless of their location.

7. Accounting (financial) statements are prepared in the currency of the Russian Federation.

8. Accounting (financial) statements are considered to be drawn up after signing a hard copy of it by the head of the economic entity.

11. No trade secret regime can be established with regard to accounting (financial) statements.

12. Legal regulation consolidated financial statements are carried out in accordance with this Federal Law, unless otherwise provided by other federal laws.

Article 14. Composition of accounting (financial) statements

1. Annual accounting (financial) statements, with the exception of cases established by this Federal Law, consist of a balance sheet, a statement of financial results and annexes thereto.

2. The annual accounting (financial) statements of a non-profit organization, with the exception of cases established by this Federal Law and other federal laws, consist of a balance sheet, a report on the intended use of funds and annexes thereto.

3. The composition of interim accounting (financial) statements, with the exception of cases established by this Federal Law, is established by federal standards.

4. The composition of the accounting (financial) statements of public sector organizations is established in accordance with the budgetary legislation of the Russian Federation.

5. The composition of the accounting (financial) statements of the Central Bank of the Russian Federation is established by Federal Law No. 86-FZ of July 10, 2002 "On the Central Bank of the Russian Federation (Bank of Russia)".

Article 15 Reporting period, reporting date

1. The reporting period for the annual accounting (financial) statements (reporting year) is a calendar year - from January 1 to December 31 inclusive, except for cases of creation, reorganization and liquidation legal entity.

2. The first reporting year is the period from the date of state registration of an economic entity to December 31 of the same calendar year, inclusive, unless otherwise provided by this Federal Law and (or) federal standards.

3. If the state registration of an economic entity, with the exception of a credit institution, is made after September 30, the first reporting year is, unless otherwise established by the economic entity, the period from the date of state registration to December 31 of the calendar year following the year of its state registration , inclusive.

4. The reporting period for interim accounting (financial) statements is the period from January 1 to the reporting date of the period for which interim accounting (financial) statements are prepared, inclusive.

5. The first reporting period for interim accounting (financial) statements is the period from the date of state registration of an economic entity to the reporting date of the period for which interim accounting (financial) statements are prepared, inclusive.

6. The date on which the accounting (financial) statements are prepared (reporting date) is the last calendar day of the reporting period, except for cases of reorganization and liquidation of a legal entity.

Article 16

1. The last reporting year for a reorganized legal entity, except for cases of reorganization in the form of affiliation, is the period from January 1 of the year in which the state registration of the last of the resulting legal entities was carried out until the date of such state registration.

2. When a legal entity is reorganized in the form of affiliation, the last reporting year for a legal entity that is merging with another legal entity is the period from January 1 of the year in which an entry was made in the Unified State Register of Legal Entities on the termination of the activities of the merged legal entity, until the date of its making.

3. The reorganized legal entity shall draw up the last accounting (financial) statements as of the date preceding the date of state registration of the last of the legal entities that have arisen (the date of making an entry in the Unified State Register of Legal Entities on the termination of the activities of the affiliated legal entity).

4. The latest accounting (financial) statements must include data on the facts of economic life that took place in the period from the date of approval of the deed of transfer (separation balance sheet) until the date of state registration of the last of the legal entities that have arisen (the date of making an entry in the Unified State Register of Legal Entities on the termination activities of the affiliated legal entity).

5. The first reporting year for a legal entity that has arisen as a result of reorganization, with the exception of public sector organizations, is the period from the date of its state registration to December 31 of the year in which the reorganization took place, inclusive, unless otherwise established by federal standards.

6. A legal entity that has arisen as a result of reorganization, with the exception of public sector organizations, must draw up the first accounting (financial) statements as of the date of its state registration, unless otherwise established by federal standards.

7. The first accounting (financial) statements are drawn up on the basis of the approved transfer act (separation balance sheet) and data on the facts of economic life that took place in the period from the date of approval of the transfer act (separation balance sheet) to the date of state registration of legal entities arising as a result of the reorganization, for with the exception of public sector organizations (the date of making an entry in the Unified State Register of Legal Entities on the termination of the activities of the affiliated legal entity).

8. The procedure for compiling accounting (financial) statements of a public sector organization that has arisen as a result of reorganization is established by the authorized federal body.

Article 17

1. The reporting year for a legal entity in liquidation is the period from January 1 of the year in which an entry on liquidation was made in the Unified State Register of Legal Entities until the date of making such an entry.

2. The last accounting (financial) statements of a liquidated legal entity shall be drawn up by a liquidation commission (liquidator) or by an arbitration manager if the legal entity is liquidated as a result of being declared bankrupt.

3. The latest accounting (financial) statements are drawn up on the date preceding the date of making an entry on the liquidation of a legal entity in the Unified State Register of Legal Entities.

4. The latest accounting (financial) statements are compiled on the basis of the approved liquidation balance sheet and data on the facts of economic life that took place in the period from the date of approval of the liquidation balance sheet to the date of making an entry on the liquidation of the legal entity in the Unified State Register of Legal Entities.

Article 18. Mandatory copy of accounting (financial) statements

1. Economic entities obliged to compile accounting (financial) statements, with the exception of organizations of the public sector and the Central Bank of the Russian Federation, submit one mandatory copy of the annual accounting (financial) statements to the state statistics body at the place of state registration.

2. A mandatory copy of the prepared annual accounting (financial) statements shall be submitted no later than three months after the end of the reporting period.

3. Mandatory copies of accounting (financial) statements constitute the state information resource. Interested parties are provided with access to the specified state information resource, except for cases when, in the interests of maintaining state secrets, such access should be limited.

4. The procedure for submitting a mandatory copy of accounting (financial) statements, as well as the rules for using (including fees for using, unless otherwise provided by other federal laws) the state information resource provided for by Part 3 of this article, are approved by the federal executive body that performs the functions of developing state policy and legal regulation in the field of state statistical activity.

Article 19. Internal control

1. An economic entity is obliged to organize and exercise internal control over the facts of economic life.

2. An economic entity whose accounting (financial) statements are subject to mandatory audit, is obliged to organize and exercise internal control over accounting and preparation of accounting (financial) statements (except for cases when its head has assumed the responsibility for accounting).

Chapter 3. Accounting regulation

Article 20. Principles of accounting regulation

Accounting regulation is carried out in accordance with the following principles:

1) compliance of federal and industry standards with the needs of users of accounting (financial) statements, as well as the level of development of science and accounting practice;

2) unity of the system of accounting requirements;

3) simplification of accounting methods, including simplified accounting (financial) reporting, for small businesses and certain forms of non-profit organizations;

4) application of international standards as the basis for the development of federal and industry standards;

5) providing conditions for the uniform application of federal and industry standards;

6) the inadmissibility of combining powers to approve federal standards and state control (supervision) in the field of accounting.

Article 21. Documents in the field of accounting regulation

1. Documents in the field of accounting regulation include:

1) federal standards;

4) standards of the economic entity.

2. Federal and industry standards are mandatory, unless otherwise provided by these standards.

3. Federal standards regardless of type economic activity install:

1) definitions and features of accounting objects, the procedure for their classification, the conditions for their acceptance for accounting and writing them off in accounting;

2) acceptable methods of monetary measurement of accounting objects;

3) the procedure for recalculating the cost of accounting items expressed in foreign currency into the currency of the Russian Federation for accounting purposes;

4) requirements for accounting policies, including the determination of the conditions for its change, inventory of assets and liabilities, accounting documents and accounting workflow, including types of electronic signatures used to sign accounting documents;

5) the chart of accounts for accounting and the procedure for its application, with the exception of the chart of accounts for credit institutions and the procedure for its application;

6) the composition, content and procedure for the formation of information disclosed in the accounting (financial) statements, including samples of forms of accounting (financial) statements, as well as the composition of annexes to balance sheet and the report on financial results and the composition of the appendices to the balance sheet and the report on the intended use of funds;

7) the conditions under which the accounting (financial) statements give a reliable idea of ​​the financial position of the economic entity as of the reporting date, the financial result of its activities and the cash flow for the reporting period;

8) the composition of the last and first accounting (financial) statements during the reorganization of a legal entity, the procedure for its preparation and the monetary measurement of objects in it;

9) the composition of the latest accounting (financial) statements upon liquidation of a legal entity, the procedure for its preparation and the monetary measurement of objects in it;

10) simplified methods of accounting, including simplified accounting (financial) reporting, for small businesses.

4. Federal standards may establish special accounting requirements (including accounting policy, accounting chart of accounts and the procedure for its application) of organizations in the public sector, as well as accounting requirements for certain types of economic activity.

5. Industry standards establish the features of the application of federal standards in certain types of economic activity.

6. The chart of accounts for credit institutions and the procedure for its application are approved by a regulatory legal act of the Central Bank of the Russian Federation.

7. Recommendations in the field of accounting are adopted in order to correctly apply federal and industry standards, reduce the cost of organizing accounting, as well as disseminate best practices in organizing and maintaining accounting, the results of research and development in the field of accounting.

9. Recommendations in the field of accounting may be adopted in relation to the procedure for applying federal and industry standards, forms of accounting documents, with the exception of those established by federal and industry standards, organizational forms of accounting, organization of accounting services of economic entities, accounting technology, organization procedure and exercising internal control over their activities and accounting, as well as the procedure for the development of standards by these persons.

11. The standards of an economic entity are intended to streamline the organization and maintain its accounting records.

12. The necessity and procedure for developing, approving, changing and canceling the standards of an economic entity are established by this entity independently.

13. The standards of an economic entity are applied equally and equally by all divisions of an economic entity, including its branches and representative offices, regardless of their location.

14. An economic entity that has subsidiaries is entitled to develop and approve its own standards that are mandatory for use by such companies. The standards of the specified subject, obligatory for application by the parent company and its subsidiaries, should not create obstacles for such companies to carry out their activities.

15. Federal and industry standards must not contradict this Federal Law. Industry standards must not conflict with federal standards. Recommendations in the field of accounting, as well as the standards of an economic entity, should not contradict federal and industry standards.

16. Federal and industry standards, as well as the federal standards development program are approved by regulatory legal acts in in due course subject to the provisions of this Federal Law.

17. Documents for the organization and maintenance of accounting by the Central Bank of the Russian Federation, including the chart of accounts of accounting and the procedure for its application, are approved in the manner established by Federal Law No. Russia)".

Article 22. Subjects of accounting regulation

1. Bodies of state regulation of accounting in the Russian Federation are the authorized federal body and the Central Bank of the Russian Federation.

2. Regulation of accounting in the Russian Federation may also be carried out by self-regulatory organizations, including self-regulatory organizations of entrepreneurs, other users of accounting (financial) statements, auditors interested in participating in the regulation of accounting, as well as their associations and unions and other non-profit organizations, pursuing the goals of the development of accounting (hereinafter - the subjects of non-state regulation of accounting).

Article 23. Functions of bodies of state regulation of accounting

1. Authorized federal body:

1) approves the program for the development of federal standards in the manner established by this Federal Law;

2) approves federal standards and, within its competence, industry standards and generalizes the practice of their application;

3) organize the examination of draft accounting standards;

4) approves the requirements for the execution of draft accounting standards;

5) participates in the prescribed manner in the development of international standards;

6) represents the Russian Federation in international organizations operating in the field of accounting and accounting (financial) reporting;

7) perform other functions provided for by this Federal Law and other federal laws.

2. The Central Bank of the Russian Federation, within its competence:

1) approve industry standards and summarize the practice of their application;

2) participates in the preparation and coordinates the program for the development of federal standards;

3) participates in the examination of draft federal standards;

4) participates together with the authorized federal body in the prescribed manner in the development of international standards;

5) performs other functions provided for by this Federal Law and other federal laws.

Article 24. Functions of the subject of non-state regulation of accounting

Subject of non-state regulation of accounting:

1) develops draft federal standards, conducts a public discussion of these drafts and submits them to the authorized federal body;

2) participates in the preparation of the federal standards development program;

3) participates in the examination of draft accounting standards;

4) ensures the compliance of the draft federal standard with the international standard on the basis of which the draft federal standard has been developed;

6) develop proposals for improving accounting standards;

7) participates in the development of international standards.

Article 25

1. To conduct an examination of draft federal standards, an accounting standards council is created under the authorized federal body.

2. The Accounting Standards Board conducts an examination of draft federal standards for:

1) compliance with the legislation of the Russian Federation on accounting;

2) compliance with the needs of users of accounting (financial) statements, as well as the level of development of science and accounting practice;

3) ensuring the unity of the system of accounting requirements;

4) providing conditions for the uniform application of federal standards.

3. Bodies of state regulation of accounting in the relevant area of ​​economic activity have the right to send draft industry standards received by them for approval or developed by them to the accounting standards council for examination of such projects.

4. Examination of draft industry standards is carried out in the manner established for the examination of draft federal standards.

5. The composition of the accounting standards council includes:

1) 10 representatives of subjects of non-state regulation of accounting and the scientific community, of which at least three members are subject to rotation once every three years;

2) five representatives of state accounting regulation bodies.

6. The composition of the accounting standards council is approved by the head of the authorized federal body. Proposals on candidates for members of the accounting standards council, with the exception of representatives of the authorized federal body, are submitted to the authorized federal body by subjects of non-state accounting regulation, the Central Bank of the Russian Federation, scientific organizations and higher educational institutions.

7. Candidates for members of the Accounting Standards Board must have a higher professional education, an impeccable business (professional) reputation and experience professional activity in finance, accounting or auditing.

8. The chairman of the council for accounting standards is elected at the first meeting of the council from among the representatives of the subjects of non-state regulation of accounting included in its composition. The chairman of the accounting standards board has at least two deputies.

9. The secretary of the council for accounting standards is a representative of the authorized federal body from among the members of the council.

10. Meetings of the accounting standards council are convened by its chairman, and in the absence of the chairman by an authorized deputy chairman as necessary, but at least once every three months. The meeting is considered competent if at least two thirds of the members of the accounting standards council are present.

11. Decisions of the council on accounting standards are made by a simple majority of votes of the members of the council participating in its meeting.

12. Meetings of the Accounting Standards Board are public.

13. Information about the activities of the accounting standards board should be open and publicly available.

14. The regulation on the accounting standards council is approved by the authorized federal body. The regulations of the accounting standards council are approved by this council independently at the first meeting.

Article 26

1. Federal standards are developed and approved in accordance with the federal standards development program.

2. Bodies of state regulation of accounting and subjects of non-state regulation of accounting submit proposals on the program for the development of federal standards to the authorized federal body.

3. The authorized federal body approves the program for the development of federal standards in agreement with the Central Bank of the Russian Federation.

4. The program for the development of federal standards must be updated annually in order to ensure that federal standards comply with the needs of users of accounting (financial) statements with international standards, the level of development of science and accounting practice.

5. The authorized federal body shall ensure that the federal standards development program is available to the Central Bank of the Russian Federation, subjects of non-state regulation and other interested parties (hereinafter referred to as interested parties) for familiarization.

6. The rules for the preparation and clarification of the program for the development of federal standards are approved by the authorized federal body.

Article 27. Development and approval of federal standards

1. The developer of the federal standard (hereinafter - the developer) can be any subject of non-state regulation of accounting.

2. Notification of the development of a federal standard shall be sent by the developer to the authorized federal body, published in a printed publication determined by the authorized federal body (hereinafter referred to as the printed edition), and posted on the official websites of the authorized federal body and the developer in the information and telecommunications network "Internet" (hereinafter - Internet").

3. Not later than 10 working days after the date of publication of the notice of the development of the federal standard in the printed edition, the developer publishes the draft federal standard in the printed edition and places it on his official website on the Internet. The draft federal standard, posted on the official website of the developer on the Internet, should be available for review without charging a fee. The developer is obliged, at the request of the interested person, to provide him with a copy of the draft federal standard on paper. The fee charged by the developer for providing the specified copy on paper cannot exceed the costs of its production and shipment. No fee shall be charged for providing the said copy to state accounting regulation bodies and subjects of non-state accounting regulation.

4. From the date of publication of the draft federal standard in a printed publication, the developer conducts a public discussion of the federal standard. The term for public discussion of a draft federal standard cannot be less than three months after the day of publication of the said draft in a printed publication. Notification of the completion of the public discussion of the draft federal standard shall be sent by the developer to the authorized federal body, published in a print publication and posted on the official websites of the authorized federal body and the developer on the Internet.

5. During the period of public discussion of the draft federal standard, the developer:

1) accepts comments from interested parties in writing. The developer cannot refuse to accept comments in writing;

2) discusses the draft federal standard and comments received in writing;

3) draws up a list of comments received in writing with a summary of the content of such comments and the results of their discussion;

4) finalizes the draft federal standard, taking into account the comments received in writing.

6. The developer is obliged to keep the comments received in writing until the approval of the federal standard and submit them to the authorized federal body upon his request.

7. The finalized draft of the federal standard is published by the developer in the same printed edition no later than 10 working days after the day of publication of the notice of completion of the public discussion of the draft federal standard in a printed publication. At the same time, the developer posts on its official website on the Internet a revised draft of the federal standard and a list of comments received in writing from interested parties. These documents posted on the official website of the developer on the Internet should be available for review without charging a fee.

9. The finalized draft of the federal standard, together with a list of comments received in writing from interested parties, is submitted by the developer to the authorized federal body, which organizes the examination of this draft.

10. The Accounting Standards Board prepares, within no more than two months from the date of submission by the developer of the draft federal standard, a reasoned proposal to accept such a draft for approval or to reject it on the basis of the documents specified in Part 9 of this Article and taking into account the results of the examination. Such a proposal, together with the documents specified in part 9 of this article and the results of the examination, shall be sent to the authorized federal body.

11. The authorized federal body, on the basis of the documents submitted by the accounting standards council, within a period of not more than one month, accepts the draft federal standard for approval or rejects it. The draft federal standard accepted for approval is prepared and approved by the authorized federal body in accordance with the established procedure.

12. A draft federal standard proposed by the accounting standards council for adoption may be rejected if it does not comply with the legislation of the Russian Federation.

13. If the draft federal standard is rejected, a reasoned decision of the authorized federal body with the attachment of the documents specified in Part 9 of this Article shall be sent to the developer of the draft federal standard within a period of not more than 10 working days after the date of adoption of such a decision.

14. Amendments to the federal standard or its cancellation are carried out in the manner established by this article. Amendments to the federal standard due to changes in the legislation of the Russian Federation may be made at the initiative of the authorized federal body.

Article 28. Development of federal standards by the authorized federal body

1. The authorized federal body develops federal standards:

1) for public sector organizations;

2) in the event that no subject of non-state regulation of accounting assumes the obligation to develop a federal standard provided for by the approved program for the development of federal standards.

2. The development of the federal standard by the authorized federal body is carried out in the manner established by Article 27 of this Federal Law.

Chapter 4. Final Provisions

Article 29. Storage of accounting documents

1. Primary accounting documents, accounting registers, accounting (financial) statements are subject to storage by an economic entity for the periods established in accordance with the rules for organizing state archiving, but not less than five years after the reporting year.

2. Documents of the accounting policy, standards of an economic entity, other documents related to the organization and maintenance of accounting, including the means that ensure the reproduction of electronic documents, as well as the verification of the authenticity of an electronic signature, are subject to storage by an economic entity for at least five years after a year, in which they were used for the preparation of accounting (financial) statements for the last time.

3. An economic entity must provide safe conditions for storing accounting documents and protect them from changes.

Article 30

1. Until the federal and sectoral standards provided for by this Federal Law are approved by the state accounting regulatory bodies, the rules for maintaining accounting and compiling financial statements approved by the authorized federal executive bodies and the Central Bank of the Russian Federation before the day this Federal Law enters into force shall apply.

2. The provisions of Parts 4 and 6 of Article 7 of this Federal Law shall not apply to persons who, as of the date of entry into force of this Federal Law, are entrusted with accounting.

3. The provision of Part 2 of Article 15 of this Federal Law shall not apply when changing the type of state (municipal) institution.

Article 31

Recognize invalid:

1) Federal Law of November 21, 1996 No. 129-FZ “On Accounting” (Collected Legislation of the Russian Federation, 1996, No. 48, Art. 5369);

2) Federal Law No. 123-FZ of July 23, 1998 “On Amendments and Additions to the Federal Law “On Accounting” (Sobraniye Zakonodatelstva Rossiyskoy Federatsii, 1998, No. 30, Art. 3619);

3) Federal Law No. 32-FZ of March 28, 2002 “On Amendments and Additions to the Federal Law “On Accounting” (Sobraniye Zakonodatelstva Rossiyskoy Federatsii, 2002, No. 13, Art. 1179);

4) Article 9 of the Federal Law of December 31, 2002 No. 187-FZ “On Amendments and Additions to Part Two of the Tax Code of the Russian Federation and Certain Other Legislative Acts of the Russian Federation” (Collected Legislation of the Russian Federation, 2003, No. 1, Art. 2 );

5) Article 3 of the Federal Law of December 31, 2002 No. 191-FZ "On Amendments and Additions to Chapters 22, 24, 25, 26.2, 26.3 and 27 of Part Two of the Tax Code of the Russian Federation and Certain Other Legislative Acts of the Russian Federation" (Meeting legislation of the Russian Federation, 2003, No. 1, article 6);

6) Clause 7 of Article 2 of the Federal Law of January 10, 2003 No. 8-FZ “On the Introduction of Amendments and Additions to the Law of the Russian Federation “On Employment in the Russian Federation” and certain legislative acts of the Russian Federation on financing measures to promote employment of the population” (Sobraniye zakonodatelstva Rossiyskoy Federatsii, 2003, No. 2, item 160);

7) Article 23 of the Federal Law of June 30, 2003 No. 86-FZ “On Amendments and Additions to Certain Legislative Acts of the Russian Federation, Recognizing Certain Legislative Acts of the Russian Federation as Invalid, Providing Separate Guarantees to Employees of Internal Affairs Bodies, Bodies for Controlling the Turnover narcotic drugs and psychotropic substances and the abolished federal bodies of the tax police in connection with the implementation of measures to improve public administration” (Sobraniye zakonodatelstva Rossiyskoy Federatsii, 2003, No. 27, item 2700);

8) Article 2 of the Federal Law of November 3, 2006 No. 183-FZ “On Amendments to the Federal Law “On Agricultural Cooperation” and Certain Legislative Acts of the Russian Federation” (Sobraniye Zakonodatelstva Rossiyskoy Federatsii, 2006, No. 45, Art. 4635);

9) Article 32 of the Federal Law of November 23, 2009 No. 261-FZ “On Energy Saving and Improving Energy Efficiency and on Amending Certain Legislative Acts of the Russian Federation” (Sobraniye Zakonodatelstva Rossiyskoy Federatsii, 2009, No. 48, Art. 5711);

10) Article 12 of the Federal Law of May 8, 2010 No. 83-FZ “On Amending Certain Legislative Acts of the Russian Federation in Connection with the Improvement legal status state (municipal) institutions” (Sobraniye zakonodatelstva Rossiyskoy Federatsii, 2010, No. 19, item 2291);

11) Federal Law of July 27, 2010 No. 209-FZ “On Amendments to Article 16 of the Federal Law “On Accounting” (Sobraniye Zakonodatelstva Rossiyskoy Federatsii, 2010, No. 31, Art. 4178);

12) Article 4 of the Federal Law of September 28, 2010 No. 243-FZ “On Amendments to Certain Legislative Acts of the Russian Federation in Connection with the Adoption of the Federal Law “On the Skolkovo Innovation Center” (Collected Legislation of the Russian Federation, 2010, No. 40, Art. 4969).

Article 32. Entry into force of this Federal Law

Moscow Kremlin

Document overview

The purpose of the new Accounting Law is to eliminate outdated and inefficient norms and eliminate gaps.

All economic entities (including those that have switched to the simplified tax system) must keep records. Exception - individual entrepreneurs(IP); persons engaged in private practice; structural units foreign organizations(provided that tax records are kept).

The objects of accounting are the facts of economic life (transactions, events, operations). Assets. Commitments. Sources of activity financing. Income and expenses. Other objects, if it is established by federal standards. Previously, the objects of accounting recognized the property of organizations, their obligations and business transactions.

Previously, the heads of organizations could conduct accounting personally. This right remains only with the heads of small and medium-sized businesses.

The head approves samples of primary accounting documents. At the same time, albums of unified forms are not mentioned in the new law.

Previously, accounting was signed by the head and the accountant (including the chief accountant). Now it is considered compiled after signing by its head.

Defined required details accounting registers, features of accounting during the reorganization and liquidation of a legal entity. It is fixed how federal accounting standards are developed and approved.

With regard to accounting, it is impossible to establish a trade secret regime. Previously, the content of accounting registers and internal accounting was such.

The former Law on Accounting contained a provision allowing not to apply accounting rules if they do not allow to accurately reflect the property status and financial results organization's activities. The new one does not provide such an opportunity.