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25.06.2025
THE RUSSIAN MINISTRY OF FINANCE HAS PREPARED A DRAFT ACCOUNTING STANDARD - FSBU "EXPENSES"
The new standard will replace the current Accounting Regulation PBU 10/99 "Organisation Expenses", that has been in effect since 2000.
According to the draft, expenses of an economic entity are recognised as a decrease in economic benefits resulting from a reduction in the value of assets and/or an increase in the amount of liabilities, leading to a decrease in the capital of that entity, not related to a reduction in contributions from the founders (participants, shareholders, or property owners) of the entity, nor to the distribution of profits among them.
The draft specifies which asset disposals are not to be recognised as expenses.
Expenses of the economic entity will be classified into those included in and those not included in the entity’s net profit (loss). Expenses included in net profit (loss) will consist of:
- expenses from ordinary activities,
- and expenses not related to ordinary activities.
In accounting (financial) statements, information about different types of expenses must be presented separately.
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