Government Decree No. 30 / 1958 Coll.
Regulation laying down accounting principles (accounting principles)
Valid
Effective from 01.01.1959
30
Government Regulation
of 6 June 1958
laying down principles for accounting (accounting principles)
The Government of the Czechoslovak Republic hereby orders pursuant to § 8 of Act No. 108 / 1951 Coll., on the organisation of national economic records:
Preliminary provisions
(1) The continuous development of socialist production forces and production relations and the extension of the participation of workers in economic management increases the tasks and importance of accounting records. Accounting is an important tool in the hands of workers to ensure the continuous development and improvement of production, increase its efficiency, deepen socialist relations in production and distribution, and increase the participation of workers in the management and control of economic processes. A well-organised accounting system helps to increase and make effective use of enterprise's own resources and to consolidate the unity of individual and corporate interests with the development of the whole company.
(2) In order to carry out its tasks, accounting records shall be organised in a uniform manner as the field of national economic records according to the principles laid down in this Regulation.
This Regulation shall apply:
(a) organisations which, in their activities, are governed by the principles of corporate chozrasčet (economic organisations);
(b) organisations which are involved in the state budget (budgetary organisations) with all revenue and expenditure;
(c) organisations which are only involved in financial relations (budgetary special organisations) in the State budget;
(d) social organisations the management of which is part of a national economic development plan or which receive contributions from the State budget and are obliged to demonstrate their use or allow its control, as well as the special-purpose facilities of those organisations; The Ministry of Finance shall determine, mutatis mutandis, the conditions and nature of these organisations' activities to which extent this Regulation applies;
(e) other organisations to be designated by the provisions adopted pursuant to this Regulation.
Tasks and obligation to keep accounting records. Its essential elements
(1) The task of accounting records is to express economic processes closed by a system of interconnected value and, where appropriate, in kind indicators. In doing so, the accounting records shall provide supporting documents for the management and compilation of individual enterprises, other organisations and their components as well as for the national economy as a whole, for monitoring and monitoring the implementation of the national plan for the development of the national economy and the national budget.
(2) As an instrument for management and control in the hands of the managing authorities and of all the workers, accounting records must in particular:
(a) enable active influence on the development of production forces and on the efficiency of the national economy by applying the principle of economy and uncovering unused reserves, thereby contributing to the application of the principles of corporate and intra-corporate volatility;
(b) to create conditions for an ever wider participation of workers in the management and control of the economy, to contribute to deepening their socialist awareness and to developing socialist methods of work;
(c) to serve to protect socialist property and to prevent the unauthorised issue of economic resources;
(d) provide supporting documents for the control of economic, financial and budgetary discipline.
Accounting records shall include:
(b) the accounts, namely the accounts of each organisation and the summary accounts (Section 14).
Accounting records shall be kept according to the double system, in which economic resources shall be distinguished, taking into account their composition (assets) and resources (liabilities).
(1) Accounting records must be kept on the basis of sound accounting documents in a timely and cost-effective manner.
(2) The accounting records in the current accounting records, the accounts and the accounting documents and other documents in the accounting records must be complete, true, understandable, clear and easily controllable.
(1) The organisations referred to in points (a) to (c) of Article 2 are required to keep accounting records as a closed whole and to draw up financial statements on their management.
(2) The same applies to social organisations (§ 2 (d)), where they are separate planning and management units, and to other organisations (§ 2 (e)), to be designated by the regulations issued under this Regulation.
Current accounting records
When carrying out the accounting records in the current accounting records, it is necessary to ensure their physical arrangements in the synthetic and analytical records and, in principle, their timings.
(1) Accounting records shall be made in the books. The books may be kept as loose sheets or as bound books, or as assemblies drawn up on punch cards or automatic computers. Accounting documents and other documents of ordinary accounting records may be drawn up in the form of such reports, if their nature so permits.
(2) The correctness and admissibility of the underlying transactions recorded in the accounting documents shall be directly responsible for the personnel who have ordered or approved the execution of those operations under their responsibility; These workers are also required to ensure a consistent and continuous control of their performance.
(3) Workers who draw up or participate in the circulation and processing of accounting documents are required to check them for their veracity before they are entered in the accounts. Exceptionally, accounting documents may be checked after accounting
(a) if there are documents in large quantities and their total value is small; or
(b) when the organisation of the ledger is aware of the organisation of the ledger as a set made up of punch-card machines or automatic computers and the possibility of checking the accounting documents only after entry into the accounts necessarily results from the procedure of working in the mechanical or automated processing of accounting documents.
(4) The management organisation shall determine, taking into account the degree of seriousness of the operations and the specific conditions and needs of the organisation, the range of operations for which the personnel who draw up or participate in the production and processing of accounting documents must also check the admissibility of the operations recorded in the accounting documents before the accounting documents are entered in the accounts.
(5) The head of the organisation shall determine which staff and to what extent the accounting documents and operations referred to in paragraphs 3 and 4 shall be checked.
(6) Where a worker designated to check operations finds an unacceptable operation, certified by accounting documents, he shall inform the worker who ordered or approved it; If this persists in its implementation or does not agree with the measures to eliminate the consequences of an unacceptable operation already carried out, the staff member for the control of operations shall be obliged to inform the head of the organisation or his representative in writing and, in serious cases, the relevant Regional Commission of People's Control and Statistics (the Municipal Commission of People's Control and Statistics in Prague) or the Central Commission of People's Control and Statistics, if the organisation is subject to control by the specified authorities of the People's Control *).
(7) Leaders of the departments concerned shall be required to provide the necessary explanations or expert opinions to the staff who check the accuracy of the accounting documents or the admissibility of the operations.
(8) Where accounting officers have not been designated by the head of the organisation to check the veracity of the accounting documents or the admissibility of transactions, they shall re-check the validity of the persons who ordered, approved or carried out the operations before the accounting documents are entered in the accounts; simultaneously check the completeness of the required accounting documents (original and collection documents).
Normal accounting records must be continuously checked whether they are kept factually and formally.
Accounting statements
(1) The financial statements are part of the single reporting and their basic content is determined by a single system of economic indicators.
(2) The accounts shall include data on the state of economic resources, on the results of the management, on costs, on revenues, on the implementation of the budget and other value indicators of the organisation's activities.
(3) The Ministry of Finance shall, in agreement with the State Statistical Office, determine which financial statements must be drawn up for the purposes of national management (state financial statements), what content they have, the financial year for which they are drawn up and the date on which they are drawn up, and establish or approve the models of such financial statements and the guidelines thereto; other models of state financial statements are not allowed.
(1) The main part of the accounting statements is the balance sheet which gives the aggregate asset and liabilities status.
(2) The balance sheet of each organisation is established on the basis of a preponderance, the data of which have been agreed with the analytical record.
(3) The summary accounts shall be drawn up by the superior authority from the audited accounts of its subordinate organisations and, where appropriate, from the accounting statements for its own activities.
(1) State financial statements shall always be submitted directly to the superior authority. The Ministry of Finance shall determine which other authorities shall also submit such statements.
(2) State accounts must be presented within the specified time limits. If those deadlines are not specified by the Ministry of Finance, they shall be adjusted by the superior authorities for their subordinate organisations. The authorities responsible may also shorten the time limits set by the Ministry of Finance for their subordinate organisations where appropriate and appropriate.
(1) The managing authority shall approve the national annual accounts and the consolidated annual accounts submitted to it by the subordinate organisations.
(2) The Ministry of Finance shall lay down the procedure for the approval of state accounts (including general accounts), the participation of authorities from the field of competence of another central authority in such approval, and the time limits within which such statements must be approved.
Valuation in accounting records
Basic assets are valued at substantially actual cost. The use of basic funds for which depreciation is carried out under specific rules shall be expressed as an authorisation.
Unfinished and completed investments and overhauls shall be valued at the actual own costs of their acquisition.
(1) Stocks (material, fuel, spare parts, packaging, products and, in principle, small and short-term items, finished products, own agricultural products and goods) are valued on the balance sheet by the actual own costs of their acquisition.
(2) The Ministry of Finance will adjust the valuation of stocks (e.g. the planned own costs with separate accounting for valuation deviations) in the current accounting records and the method of accounting for the use of small and short-term items.
(3) In economically justified cases, the Ministry of Finance may allow exemptions from the provisions of paragraph 1, in particular as regards the valuation of finished products.
(1) Cash, price, receivables, debts and other assets and liabilities not covered by § 17 to 19 are entered in the accounts by nominal amount.
(2) The accounts for debt write-offs, debts and investment costs, future costs and revenues, as well as for mangoes and damage from damage to economic resources and other damage, shall be adjusted by the Ministry of Finance.
(3) Provisions for costs may only be created when provided for or approved by the Ministry of Finance.
(1) The currency unit for the valuation of economic assets in the accounting records is the crown of Czechoslovak. However, with the exception of the balance sheet and accounting statements on the results of the management, foreign exchange is also permitted to be used in the accounting records of organisations in economic contact with foreign persons.
(2) Foreign currency is converted into crowns by the Czechoslovak course in force on the day of accounting.
Inventarisation of economic resources
(1) Inventarisation of economic resources must be carried out periodically every calendar year.
(2) The competent authorities may, as appropriate, require periodic inventories, in particular for stocks, to be carried out more than once a year.
(3) The competent authorities shall determine the periods during which periodic inventories must be carried out and, where appropriate, the date on which they must be carried out, in particular in the annual accounts, so as to ensure that their data are consistent with the facts.
In addition to the inventory referred to in Section 22, the organisation must make an extraordinary inventory of economic resources when changing the staff directly responsible for such resources, if the Ministry of Finance or a superior body so decides, or in cases specified by specific regulations.
(1) Inventarisation of economic resources is carried out by inventory boards.
(2) The differences between the actual stocks of economic resources and their stocks, as recorded in the inventory data (inventory differences), must be properly accounted for.
(3) The Ministry of Finance sets out principles for the inventory of economic resources and the accounting of inventory differences. The central authorities shall lay down detailed rules within the limits of these principles.
Storage and storage of records
The documents of the accounting records, once they are not required for routine accounting work, shall be stored in lockable rooms or cabinets separately from other documents (accounting archives) and entered in a binding book (archive), in accordance with a predetermined order.
(1) Unless otherwise specified in paragraphs 2 to 4, the documents of the accounting records shall be kept, namely:
(a) wages for at least 20 years following the year to which they relate;
(b) the annual accounts in the organisation which drew them up, as well as the former books of accounts and other similar documents, for at least 10 years following the year to which they relate;
(c) monthly and quarterly financial statements in the organisation which compiled them, journals, books of synthetic and analytical records, accounts schedules, inventory lists, inventory records and accounting documents for at least five years following the year to which they relate;
(d) the archives, at least for as long as the documents contained therein are kept, the lists of the numerical characters or other symbols, and, where appropriate, the abbreviations used in the accounting records (code lists), at least for as long as the documents in which those characters, symbols or abbreviations are used are kept. The books of the sheets used and the lists of the books shall be kept for at least as long as the books concerned are kept,
(e) cash-flow cash-flow cash-flow blocks from the population for retail goods at least until the end of the second next inventory of goods in those stores and until the settlement and settlement of inventory differences and cash-flow blocks for services or repairs provided, at least until the revision has been carried out by the superior authority, at which time the sales charged have been checked and have not been found to have been found to have been made, and, where appropriate, until the settlement of the defects detected, but for at least one year following the year in question;
(f) other documents of accounting records for at least two years following the year to which they relate.
(2) Accounting documents and, where appropriate, other accounting documents which form part of technical or legal documentation relating to buildings, buildings and land, with the exception of buildings and temporary buildings, must be kept in the accounting records until the relevant inventory items have been disposed of from basic funds.
(3) Accounting documents and, where appropriate, other accounting documents relating to debts and debts must be kept for a period of five years if the guarantee period or the complaint or dispute procedure is not closed or the claim or debt is not paid by the end of the year following that in which they ended.
(4) The books of the analytical records of debts and debts, accounting documents and, where appropriate, other documents of accounting records resulting from direct contact with a foreign country from before 1 January 1949, must be kept in the accounting records for a period of 30 years following the year to which they relate.
(5) The provisions of paragraphs 1 to 4 shall apply mutatis mutandis to the safekeeping of records relating to the period prior to the date of entry into force of this Regulation, provided that, in view of the retention periods still in force, they have not been eliminated by the end of that day (shredded).
The Ministry of Finance shall, in agreement with the Ministry of the Interior, determine how the accounting records are to be removed, if the retention period referred to in paragraph 26 is to be exceeded, and how such documents are to be handled when organisations cease to exist or when their organisational changes occur.
Scope of the Ministry of Finance and other bodies
(1) The Ministry of Finance manages accounting records on a methodological basis; while respecting the principles of uniform management of national economic records.
(2) The Ministry of Finance shall supervise the accounting records of all organisations and shall be entitled to examine its situation and require the necessary documents for that purpose.
(3) In cooperation with the State Statistical Office, the Ministry of Finance is working to increase the level of mechanisation of accounting records from a national perspective.
(1) The central authorities, within the limits of the regulations issued by the Ministry of Finance, organise and manage accounting records in their field of competence and control its situation.
(2) Other senior bodies shall exercise similar powers within the limits of the regulations issued by the Ministry of Finance and shall be the governing bodies.
Transitional and final provisions
The valuation of economic resources in the accounting records, carried out in accordance with the current rules before the entry into force of this Regulation, shall be deemed to have been carried out in accordance with it.
(1) The Ministry of Finance shall issue the provisions necessary for the implementation of this Regulation.
(2) For serious reasons, the Ministry of Finance may provide for exemptions and derogations from the provisions of this Regulation or, in individual cases, allow such exemptions and derogations, or, where appropriate, for organisations which cannot be required for a small extent of their activities to be fully governed by this Regulation, to adjust accounting records by way of derogation from the principles of this Regulation.
All provisions shall be repealed if they contravene this Regulation; in particular, Government Regulation No. 41 / 1952 Coll., laying down principles for accounting (accounting principles) is repealed.
This Regulation shall enter into force on 1 January 1959; All members of the government will do it.
Broad v. r.
Dolan v. r.
Kopecký v. r.
Ing. Jankovcová v. r.
Polack v. r.
Bark v. r.
Ing. Shimonek v. r.
Dr Kylý v. r.
Plojhar v. r.
Dr. Nove v. r.
Bakuľa v. r.
David v. r.
Děuriš v. r.
Krajčir v. r.
Kromir
Machachová v. r.
Dr. Unedible v. r.
Tesla v. r.
Uher v. r.
Lamb
Jonah v. r.
Reitmajer v. r.
Dr Skoda v. r.
Ing. Black v. r.
Dvořák v. r.
Dr Kahuda v. r.
Colonel General Lomský v. r.
Dr Neuman v. r.
Ouzký v. r.
Pospíšil v. r.
Ing. Púčik v. r.
Dr. Vlasák v. r.
He beat the shit out of me.
*) Act No. 23 / 1963 Coll., on People's Control and on National Economic Records and Statutes of People's Control Bodies, published in No. 5 / 1963 Bulletin of the Central Commission of Human Control and Statistics and registered in No. 17 / 1963 Collection of Laws.
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Regulation Information
| Citation | Government Decree No. 30 / 1958 Coll., laying down principles for accounting records (Accounting Principles) |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 16.06.1958 |
|---|---|
| Effective from | 01.01.1959 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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