25 March, Minsk /BelTA Corr./. The Government of Belarus has radically reduced the number of mandatory primary accounting documents in accounting. This decision is contained in the Resolution of the Council of Ministers of 24 March 2011 No. 360 "On the Approval of the List of Primary Accounting Documents", the Belarusian government's press service informed BelTA. The document has been adopted to implement the powers of the Council of Ministers granted by the Decree of the President of Belarus of 15 March 2011 No. 114 "On Certain Issues of the Application of Primary Accounting Documents". The Resolution approves eight types of primary accounting documents that will be mandatory for use in accounting. According to the Ministry of Finance, there are currently about 1,600 approved primary accounting documents in the country. "Accordingly, from the date of entry into force of Resolution No. 360, i.e. from April 1 of this year, only eight will remain mandatory," the press service explained. Other primary accounting documents necessary for documenting economic operations may be developed by business entities independently. It is also possible to use standard forms established by republican government bodies. "This decision will significantly simplify accounting, reduce the costs of its maintenance, which is in line with the principles of International Financial Reporting Standards," the press service emphasized. Thus, the government is consistently implementing measures to remove excessive requirements for the regulation of accounting and document processing, as provided for by Directive No. 4.-0-

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