On Jun. 28, RUS CB updated regs on chart of accounts procedure.
RUS CB published ord 6279-U on amending regulation 803-P on the chart of accounts for accounting by non-banking financial organizations, credit history bureaus, credit rating agencies, and the procedure for its application.
The ord establishes the procedure for reflecting income, expenses, and other comprehensive income on accounts by non-credit financial organizations was adjusted.
This is due to adoption of a new chart of accounts for non-banking financial firms, credit history bureaus, credit rating agencies accounting and application procedure.
