Amendments and Additions to the Guidance on Accounting and Organization of Accounting Work in Banks of the Republic of Uzbekistan

Resolution of the Board of the Central Bank of the Republic of Uzbekistan, registered on 10.07.2024, registration number 1834-11

Date of Entry into Force

10.07.2024

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[OKOS:

1.21.00.00.00 Complex documents for amendments and additions / 21.04.00.00 Departmental normative legal documents]

[TSZ:

1. State and Society Structure / Legislative Initiative. Norm-making Activity]

Resolution of the Board of the Central Bank of the Republic of Uzbekistan

On Amendments and Additions to the Guidance on Accounting and Organization of Accounting Work in Banks of the Republic of Uzbekistan

[Registered by the Ministry of Justice of the Republic of Uzbekistan on July 10, 2024, registration number 1834-11]

In accordance with the Laws of the Republic of Uzbekistan “On the Central Bank of the Republic of Uzbekistan” and “On Accounting,” the Board of the Central Bank of the Republic of Uzbekistan resolves:

1. Amendments and additions shall be made to the Appendix of the [Guidance](/docs/1370900?ONDATE=21.07.2008 00#1371380) on Accounting and Organization of Accounting Work in Banks of the Republic of Uzbekistan, approved by Resolution No. 11/5 of the Board of the Central Bank of the Republic of Uzbekistan dated May 3, 2008 (registration number 1834, July 11, 2008) (Collection of Legislation of the Republic of Uzbekistan, 2008, No. 28, Article 276).

2. This Resolution enters into force from the date of its official publication.

Chairman M. NURMURATOV

Tashkent city,

June 14, 2024,

No. 17/5

Appendix to the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated June 14, 2024, No. 17/5 Resolution

Amendments and Additions to the Guidance on Accounting and Organization of Accounting Work in Banks of the Republic of Uzbekistan

1. Subparagraph 22 of paragraph 5 shall be stated as follows:

“final control — control carried out with the aim of verifying that all bank operations performed in the bank (excluding payments formed through automated software calculation and operations performed through remote service systems) are correctly reflected in accounting, including based on primary documents, after the end of the operating day, no later than the next bank working day.”

2. The third sentence of [paragraph 13](/docs/1370900?ONDATE=21.07.2008 00#1371438) shall be deleted.

3. [Paragraph 36](/docs/1370900?ONDATE=13.08.2019 00#4477579) shall be stated as follows:

“36. It is not required to indicate the purpose of payments in payment orders and checks of the Ministry of Defense, Ministry of Internal Affairs, State Security Service, Ministry of Emergency Situations, Customs Committee under the Ministry of Economy and Finance of the Republic of Uzbekistan, and their subordinate institutions.”

4. [Paragraph 105](/docs/1370900?ONDATE=21.07.2008 00#1371606) shall be supplemented with the following subparagraph:

“16561 — Main Assets in Warehouse” and “19921 — Low-value and fast-wearing items and other valuables in Warehouse” accounts, when material valuables accounted for in these accounts are issued from the warehouse based on electronic requisitions, the document circulation for electronic requisitions is regulated by the bank’s internal documents.”

5. [Paragraph 146](/docs/1370900?ONDATE=09.03.2018 00#3585322) is recognized as having lost its force.

6. [Paragraph 150](/docs/1370900?ONDATE=21.07.2008 00#1371737) shall be stated as follows:

“150. Correction orders, if a client is served by one bank branch, must be drawn up in three copies. The first copy serves as the order, and the second and third copies are statements for clients regarding debit and credit entries.

The text of the correction order must indicate when and in which document the erroneous entry was made. If the error was caused by a client’s application, the reason is indicated. In this case, on the back of the first copy of the memorial order, it is recorded who was at fault for the error, the position and surname of the performer, as well as the person who checked the incorrect entry. Applications serving as the basis for drawing up correction memorial orders are attached to the daily summary journal.”

7. [Paragraph 152](/docs/1370900?ONDATE=13.08.2019 00#4477641) is recognized as having lost its force.

8. [Appendix 8](/docs/1370900?ONDATE=22.07.2013 00#2208760) shall be supplemented with the following position:

“
22	Payment order issued through the remote service system
”.

9. In [Appendix 9](/docs/1370900?ONDATE=13.08.2019 00#4478977):

The words “Kt 45401 — ‘Profit in foreign currencies under ‘Spot’ agreements’” shall be replaced with “Kt 45403 Profit obtained from revaluation of currency balances”;

The words “Dt 55302 — ‘Losses in foreign currencies under ‘Spot’ agreements’” shall be replaced with “Dt 55304 Losses incurred from revaluation of currency balances”.

(, 10.07.2024, No. 10/24/1834-11/0488)