Accounting Rules For Professional Participants In Securities Market

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