Azerbaijani Cabinet of Ministers confirms “Rules on facilitated accounting of political parties”

The Cabinet of Ministers has confirmed “Rules on simplified accounting of political parties”, the Cabinet told APA.

The rules cover principles based on financial statements, their elements and recognition of elements of financial statements, assets, liabilities, income and expenditures.

The document also covers the issues on conceptual principles of Accounts Plan of accounting in accordance with financial statements in the organizations, classification and preparation of financial information regarding report on outcomes of financial activity, preparation of “Significant accounting policy and explanatory notes”.