"itemized" - 1 õppematerjal

Business peciliarities in Ukraine and Bealrus

when the remuneration is paid. Employers' contribution ranges from 36.76%­49.7% of the gross income/cap, depending on the level of occupational risk. 1.9. Financial Reporting With effect from 1 January 2000, Ukraine implemented the National Accounting Standards ("NAS"), which are primarily based on the International Financial Reporting Standards ("IFRS"), but with certain differences. The principal features of NAS are as follows: financial statements with itemized schedules are prepared using state approved forms; foreign-owned Ukrainian entities must adopt and follow the Ukrainian chart of accounts and accounting principles for statutory reporting (but simultaneously may use their own chart of accounts for management reporting purposes); the accounts must be prepared in compliance with the chart of accounts and directions for making entries according to NAS; all "local" accounting material must be in Ukrainian language;