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.

For further information contact Alla Shaulina on tel: +7 503 232 5511 fax: +7 503 232 5522 or e-mail directly: Alla_Shaulina@ru.coopers.com