The Federal Securities Committee has approved the accounting rules to be applied by professional participants in the securities market in respect of some operations. The Rules provide the following:
- accounting for purchase and sale or other disposal of securities;bookkeeping and accounting of expenses included in the cost of production;accounting for interest (income) on bonds;peculiarities of creating reserves on devaluation of investments in securities;accounting for various operations of investment funds.
Decision of the FSC of 27 November 1997 no 40
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
