Accounting Outsourcing

Accounting Outsourcing

The NP RTS Association provides accounting and bookkeeping services for professional securities market participants in accordance with the requirements of Bank of Russia Regulation No. 532-P, dated February 3, 2016, “Industry Accounting Standard ‘Procedure for Compiling Accounting (Financial) Statements of Professional Securities Market Participants, Joint-stock Investment Funds, Trade Organizers, Central Counterparties, Clearing Companies, Special Depositories of Investment Funds, Unit Investment Fund and Non-government Pension Fund, Asset Management Companies of Investment Funds, Unit Investment Fund and Non-government Pension Fund, Credit History Bureaus, Credit Rating Agencies, and Insurance Brokers.’”

The NP RTS Association carries out accounting (financial) in the following areas:

  • accounting of fixed assets and intangible assets;
  • accounting of inventories;
  • accounting of incoming and outgoing services;
  • accounting for costs, revenues, and expenses (does not include accounting for reserves and estimated liabilities);
  • accounting for banking transactions and cash disbursements;
  • accounting for foreign exchange transactions;
  • accounting for mutual settlements with counterparties;
  • tax accounting, including VAT accounting;
  • accounting for financial instruments and securities transactions (does not include accounting for precious metals).

The NP RTS Association compiles and provides to the customer, for the subsequent submission to the Bank of Russia, accounting (financial) statements of a professional participant in the securities market, compiled in accordance with the requirements of the Industry Accounting Standard (OSBU) No. 532-P. Accounting (financial) statements are compiled by the contractor without comparable data for 2016, except for comparable data with the opening balance sheet as of January 1, 2017 (December 31, 2016),

The fee for accounting services for a professional participant in the securities market is negotiable.

On all issues related to entering into an agreement for internal accounting, please contact Veronika Makarova: