The Republic of Latvia Cabinet of Ministers Regulations No. 243 in Riga in 2000 (25 July. No 33, § 4) the rules on accounting and the Organization Issued in accordance with the law "on accounting" article 15 of the financial transactions have been posted, I and the keeping of records of accounting 1. These rules are determined by the company, companies, authorities and organisations (hereinafter — the company) for sorting and organization of accounting requirements.
2. all economic transactions of the company certified with documents about company business transaction (hereinafter referred to as the source document), valued in money terms and, subject to the chronology, the systematic order entered in the company's accounting records.
3. Legislation in the cases of movable or immovable property and may post to list kind.
4. the source document can be external or internal, depending on the origin and meaning of the document prepared in writing one or more copies, or in electronic form.
5. Justification document drawn up around it during storage do not lose the information contained in it and ensure its legal force, as well as the possibility to make a copy of this document. The document must not be an excuse to make recordings using a pencil or other technical pārlabojam or easily physically unsustainable way.
6. If the source document is prepared and stored in electronic form, it must be issued in the form of a paper document. In this case, provides all of the electronic form of properties, as well as the electronic signature print in such a way that the parties to the financial transactions and, if necessary, third parties would be impossible unmistakably identify all the information contained in this document.
7. the head of the company, subject to the justification of document legislation requirements, independently choose the document type and content, as well as the type of training, except for the cases when the justification of document design or content shall be governed by the specific legislative instrument.
8. the documents that match the source document requirements, use the entries in the accounting records to systematise the information contained in those documents about the company's financial transactions. After the source document it points out on posting (posting). To prevent the chance of making repeated entries, after the source document recording the relevant accounting document in the registry specifies the sequence number of the record.
9. accounting records, sort records, use the value measure of the currency of the Republic of Latvia. If the source document is the value of the foreign currency or if the source document is proof foreign currency receipt or issue, it amounts to a posted, translated in dollars after the Bank of Latvia the relevant foreign exchange rate valid on the day of the financial transaction (cash receipt or payment day, goods and services on the day of sale or purchase, as well as on any other day that actually obtained or seized funds (liabilities incurred or terminated) and taken over or put all the risks relating to property).
10. All entries made to the accounting records or financial transaction as soon as possible, but not later than 15 days after the end of the month in which economic transactions occurred. Entries must be the double entry system, based on source documents or document summary of homogeneous data. In the cases provided for in the law, the records can be done in simple entry system.
11. Using the double-entry system, the same amount for the same type of economic transaction accounts accounts and credit under the company used accounting chart of accounts and the economic substance of the transaction for the account of the accounting relationship (account correspondence).
12. Accounting chart of accounts is the Manager of the company approved for long-term use for verification of account list.
13. Each accounting account accumulates financial reporting required accounting information in money terms on this account name to appropriate company resources, obligations, own funds items and revenue or expense over time.
14. If the business transaction is posted using two accounts, using the simple account correspondence, but if you do this three or more account, the new account (complex correspondence.
15. An indication as to which credit accounts and that account in an economic transaction amount entered (bookings), be made in writing to the source document, or a document summary, uniform, and according to this posting entries shall be made in the relevant accounts.
16. The main book specifies the account codes and the names of the accounts in the chart of accounts in the order provided. Postings justification documents and making records accounting records, specify the account codes.
17. Accounting records are broken down into chronological and systematic registers. In these registers, respectively, in chronological order (chronological entry), or by economic content (systematic entry) make the records of each financial transaction. If certain kinds of economic transactions often repeats, each such economic transaction type, you can plant a single chronological register, stock records.
18. The chronological registers all economic transactions are recorded in chronological order and for each financial transaction specifies the following information: 18.1. record date;
18.2. the record sequence number;
18.3. the reference to the source document: document author (name of legal entity or physical person's name), the name of the document or the economic description of the transactions, the document date and the registration number;
18.4. economic assessment of the transaction in cash;
18.5. economic transactions accounting account name or code (if the book sort uses the double entry system, their account number, debit and credit in which economic transactions to be booked).
19. The systematic economic business registers compiled by the economic content of the uniform groups. Systematic registers is the main book and analytical accounting registers. The main book economic transactions are recorded in terms of money through the accounts. Analytical accounting records economic transactions are recorded through the analytical accounting accounts in money terms, but in terms of fixed assets and inventory unit — also the natural expression.
20. a major accounting companies can use the registry log — general ledger. In this case, in addition to the journal, ledger accounts for the installation of individual types of economic transactions and the analytical accounting records, inventory, fixed assets, current balance and turnover.
21. the nature of the item and the cost of materials or other items of accounting object detailed classification company may introduce specific code systems (digital or letter codes), symbols or abbreviations. The code system of symbols and abbreviations terms of use approved by the head of the company.
22. the sorting of simple accounting records in the system, the company's accounting records reflect the cash flow, its formation and utilization, as well as any changes in cash revenue or expense incurred as a result of the commitment of funds and balances.
23. If the company accounting records are simple a system, facility, the cash flow accounting log that records the cash and non-cash income and expenditure, or two separate journals: the cash book and the credit account book. Cash book, take the cash income and expenditure accounts, but accounts of credit institutions in the company's accounting books and deposit accounts with credit institutions existing non-cash income and expense tracking. To a fixed tax for calculation of the required data, as well as the company's ownership and control of settlement organization also analytical equipment inventory records.
24. at the end of each month, the chronological registers calculates the total amount of economic transactions, but in the main book, a journal, a general ledger, cash flow accounting journals and analytical accounting records, accounting respectively for analytical accounting account or the account in the debit and credit activity and the account balances, as well as mutually aligned.
25. each report at the end of year accounts and accounting records, the switch when the account closing entries and transfer the account balances to the new next year — — accounting records.
26. the head of the company can independently choose the way the accounting register of the content, number and type of training, taking into account the structure of the company in question, the nature of economic activities and the amount of information to be processed. The exception is when the accounting registry form, content and presentation is governed by a specific legislative act.

27. If the corrections are made in the form of a paper document prepared justification documents and accounting records, each correction disclaimer stating that, when and why, as well as with the correct signature confirms the person has done.
28. The correction shall be made with the new record, which the right or reference the previous record. You can use the error correction of error correction techniques, accounting records using negative numbers regardless of the error detection time (reverse).
29. the justification for the modification of documents can use accounting statement, which contains information about which registry or justification of accounting document is editable. Accounting certificate shall indicate the date, the reason, the person authorized to fix and repair (original) record number of chronological case. The editable (original) source document to make a mark on the accounting inquiry and specify the date.
30. the companies that organise the accounting using accounting software, provides all the accounting information publishing company archive data media or systematically sorted and stored in the company's archives and accounting source document register prints.
31. Source document, accounting registers and other accounting documents to their placement in the company archive stored in accounts held by a responsible person. Paper document prepared for the current month's justification documents relating to a specific set of accounting records, the record number order and bound or cauršūt into folders stored in dedicated storage areas.
32. the company's accounting and archive accounting documents on natural and legal persons may only be used with the permission of the head of the company. These documents may be removed from the company's only special laws or other regulations in the cases provided for and in accordance with the procedure laid down.
33. If the company removes or reorganize, after coordination with the Directorate-General of the national archives the archives of the company further storage arrangements determined by the liquidation Commission. The Commission said documents arranged and put future national archives storing or reorganization of the company created in the archive.
34. Concerning justification document, accounting records, accounting procedures and the company's accounting and other information is protected against destruction or loss is responsible business manager.
II. Organization of accounting documents 35. Accounting documents of the organization determines the order in which document the company economic deals, features and their formation sources, assessed and the enterprise features and Phys. Invt commitments, organized document circulation and maintain accounting records. Organization of accounting document is also the company's accounting of accounts, this plan, as well as code and symbol usage rules, long-term investment and working capital classification criteria, accounting records, document and record retention regulations and the annual report and other financial reporting rules.
36. If in special laws or other legislation provides otherwise, the accounting documents of the organisation develop, approve and reply for their content business manager.
37. With the company's financial transactions related to the source document preparation, registration, circulation and other record-keeping issues in accounting documents circulation description or diagram. This description or diagram includes justification document flow systems of economic transactions, the document verification and processing order, due dates, artists, business justification document prepared for the number of copies, storage location, duration, and other issues.
38. The provisions referred to in paragraph 37 of the financial transaction system is the business of the enterprise allocation (classification) following certain following economic content and nature related directions: 38.1. procurement of goods and services;
38.2. dealings with suppliers, service providers and corporate users;
38.3. the production and cost accounting;
23.9. raw material, materials, finished goods and storage of goods;
38.5. the finished products, sales of goods and services;
24.0. dealings with buyers and customers for goods sold and services rendered;
cash loan and 38.7. repayment;
24.1. financial investments and transactions with securities;
24.2. other, not mentioned in this paragraph, company business transaction, including direction and structure depends on the particular enterprise's normal operating revenues and financial resources.
39. When filing accounts, apply accordingly Cabinet of 23 April 1996, Regulation No 154 of document design and design rules "third and fourth division.
40. to ensure that all documents drawn up by the accounting logging, documents numbered by type and serial number usually assigned to document it.
41. in order to prevent the possibility of deliberately or inadvertently make mistakes in giving the accounting document prepared in the order number, the type of individual economic transactions documentation of previously numbered in sequence using source document forms (invoices-invoices, receipts and other forms).
III. the counting procedures 42. The inventory shall be carried out by setting the property of the company or use the volume and nature of objects compared to customers and vendors and the amount of the claim.
43. the company's property, or use the object count in nature include the object quantity, service life and wholesomeness (quality, validity) with the General evaluation used techniques (view, add, weighing, measurement), or, if necessary, by special techniques (for example, geodetic measurements, making technical calculations, chemical analysis of samples in laboratories, external expert assessment). This assessment applies to the company, owned, held or storage in the ķermeniskaj things (long-term investment and working capital funds, as well as off-balance-sheet assets), including those that the company has been placed in storage or responsible organization is processing or repair (repair) process.
44. Intangible assets and other intangible property, as well as the claims and debts (including off-balance-sheet liabilities) amount, the Phys. Invt checking in accordance with the relevant documents.
45. On the inventory of the company's responsible business manager. Counting in the company it Manager creates inventory Commission inventory of individual objects. The individual business owner can take a physical inventory.
46. the Commission's personnel and physical inventory counting period start and completion of the company's ceo is determined by written order.
47. take inventory of materials in the presence of the person responsible, if any. In exceptional cases, the head of the company shall decide on the conduct of physical inventory without the material presence of the person responsible.
48. the head of the company invited the company's Audit Commission (Auditor) or internal auditor, or certified auditor to observe the closing inventory for the year.
49. Until the inventory date must be completed all the source document (the materials into the reception and transmission of values), for the treatment of the analytical accounting entries in registers and calculated balances.
50. before the materials into the actual position values start counting the Inspection Commission: 50.1. consult the inventoriable object and counting the instructions, as well as to draw up the inventory plan;
50.2. check that all weighing and measuring devices are accurate and working order;
50.3. checks on inventory at the time of all documents (including the last source document for the material into the value of receipts and issues) is recorded in the relevant registers. If this is not done, provide time to perform these operations and the counting begins only after these steps have been carried out. On the preservation of material goods with the signature of the person responsible for certifying that the counting to begin all source document for the material into the value of receipts and issues are recorded and presented in the accounts. A similar proof must be received from persons who provided the money in advance materials into the acquisition or the value of their powers.
51. If the materials into the value of the inventory is not complete in one day, the room in which they are stored, after leaving the counting Commission seal.
52. The inventory records inventory lists. This list shall be drawn up in at least two copies. One copy of the inventory list will remain with the persons responsible materials.
53. the inventory list shall be subject to the following requirements:

53.1. the document must indicate the minimum properties: the company and the entities name inventoriable document name and number, the date on which it was made, the justification, the particulars of the persons who participate in the counting, the materials into the value of a unit name and, if applicable, the tracking code (number), the unit of measure, quantity, and other properties (prices, amount), taking into account the inventoriable item type and company inventory manual procedures;
53.2. inventory shall be drawn up in a clear and understandable, using the computer, or making posts in prepared physical inventory list on the form;
53.3. the inventory list of all counting the members of the Commission and the person responsible for the material;
53.4. If the inventory shall be carried out so that the person responsible for the material is posted by another person, physical inventory list shall be drawn up in triplicate. The person who accepts the material things or money, sign inventory list on it, but the person who passed, — for;
13. If the inventory list entry right must comply with the rules for the correction of the accounting records;
53.6. all copies of the inventory error is corrected as follows: delete the wrong records, make the correct entry and indicate what and when and why edit corrected;
53.7. corrections sign all counting the members of the Commission and the person responsible for the material;
53.8. making records prepared by hand counting in list form, must not be left blank. Inventory list on the last page blank lines barred.
54. the inventory of the company are carried out in accordance with the company's approved counting instructions. Counting instructions determined by the closing of the accounts inventory preparation, conducting and documenting terms and procedures. The company may also provide additional inventory, periodic inventories, exceptional inventory (if the theft, damage to material goods, fire, flood or other natural disaster or if the inventory shall be carried out according to the terms of the contract or collective agreement provisions on employee's material responsibility), preparing the appropriate counting instructions.
55. After the object or BSI counting completed the counting Commission or that the counting team manager duly prepare inventory lists, add those documents obtained or prepared in the course of the inventory, as well as explanations and proposals and submit a business executive.
56. Business Manager or other person in accordance with the obligations of the company review the submitted documents and physical inventory checks: 56.1. inventory list is submitted for all order inventoriable items laid down and balance sheet items;
56.2. the inventory list is presented in accordance with established procedure;
56.3. counting the results obtained according to the instructions of the physical inventory;
56.4. explanations and submitted proposals are supported;
56.5. all counting lists specify calculations are correct.
57. Prices and found errors in the calculations right that rule 27, paragraphs 28 and 29. Each inventory list on the last page of the makes the grade for the price and the final result of the calculations that the person with signatures that have done so.
58. the head of the company can organize cross-check of the inventory results and, if necessary, ask to take inventory.
59. the accounts of the Company shall draw up a list of comparison. The lists indicate the inventory accounting and inventory data, in accordance with the difference between the inventory results to clarify entries to balance accounts.
60. the assessment found in the physical inventory differences, materials into the value of the difference between the number of units or their loss, moral deterioration of aging or other reasons recorded by entry in the register of the relevant accounting accounts in accordance with the instructions of the head of the company.
61. If the physical inventory actually took place or the results obtained by the last day of the year, closing the year counting results posted by the last day of the reporting year.
IV. Accounting controls 62. Business Manager provides enterprise accounting control systems development and deployment.
63. the accounting control includes methods and techniques that are used to control the enterprise, financial transaction compliance, the company statutes and internal rules of procedure, as well as to ensure the accuracy of accounting information.
64. in order to ensure the effective operation of accounting control, operator of the accounting work organization subject to the following conditions: 64.1. job responsibilities carried out by qualified staff;
64.2. is divided into job responsibilities, identifying the specific tasks of each employee and his or her level of responsibility;
64.3. are prepared for the high quality of the documents and met the condition that in all those cases where you need to act otherwise than as described in the documents below, you need the permission of the Manager of an undertaking;
64.4. accounting function is separated from the rest of the company's operational functions.
65. The accounting employee responsibilities distributed to the economic progress of each transaction control of several employees. Accounting control duties can ask also make company auditors (internal auditors).
66. Accounting staff or a company's Auditors (internal auditors) calculations, and the summaries contained in the annexes to the calculations and postings, specify whether each transaction is posted to the economic right and in a timely manner and that the amount is correct, as well as whether all economic transactions that relate to the current period, displayed in this reporting period the accounting records and financial statements.
V. accounting cycle 67. Accounting cycle involves several sequential steps in accounting work which result in the financial statements for the reporting period (month, quarter or year). The full accounting cycle refers to the reporting year. It contains the following main accounting jobs: 67.1. account opening;
67.2. company business transaction analysis and posting;
67.3. account balance calculation.
41.9. account turnover and balance report;
67.5. corrective entry is posted;
67.6. closing entries are posted;
67.7. financial statement preparation.
68. At the beginning of the accounting year the accounting machine company registers and open accounts in the main book or journal, General Ledger, and also records the account balances at the beginning of the accounting year: 68.1. the company, which started operations on the basis of the inventory lists, statutes, contracts or other documents contained information (sākumbilanc data);
68.2. the company, which continues to be based on the previous reporting year closing balance sheet data.
69. Accounting year on the basis of source documents, made records accounting records, calculate totals and accounts not less frequently than once a month, its main entry in the ledger book or magazine.
70. the account turnover and balance report shall be drawn up in the form of a work table where rows of record account names or codes for the company's accounting of accounts order according to the main book or journal, ledger, but according to the installation box for reporting purposes.
71. the account turnover and balance report completed in the following order: records started with the account balances as at the last day of the reporting year, enter the additional amount of clarification and dispatched, as well as the closing of accounts concerning the amount and calculates the new account balances. Using these data, fill in the boxes for the profit and loss calculation or the revenue and expenditure account and balance sheet, as well as the report calculates the net profit or revenue and expenditure.
72. Using the account turnover and balance report data, accounting, do the following: 72.1. preparing accounting inquiries and make corrective entries in chronological and systematic registers, also the main book or journal: General Ledger;
72.2. post account closing entries;
72.3. prepare financial statements.
VI. concluding issues 73. Be declared unenforceable in the Cabinet of Ministers on 7 November 1995, Regulation No 339 "rules on company accounting and organisation" (Latvian journal, 1995, nr. 179).
74. the regulations shall enter into force by 1 October 2000.
Prime Minister a. SMITH financial Minister g. SMITH rules enter into force by 1 October 2000 in