Verkhovna Rada examines and sends for second reading draft law amending the Law of Ukraine "On Accounting and Financial Reporting in Ukraine" (concerning primary documents) (№ 0878)
Submitted bill proposed:
• in Article 1 to clarify definition of "national provision (standards)" which will be presented in the new wording;
• in Article 6, expand the functions of the Ministry of Finance of Ukraine, National Bank of Ukraine, ministries and other central bodies of executive power. Specifically, to make additions regarding the Ministry of Finance of Ukraine's authority to approve mandatory and recommended forms of primary documents, accounting registers, and determine the order of the documentary records in accounting. Also to envisage that the National Bank of Ukraine shall define the procedure for ensuring documentary records in accounting of banks. Ministries, other central executive bodies within their competence, may establish (by agreement with the Ministry of Finance of Ukraine) recommended forms of primary documents and accounting registers.
