Glossary of Legal Terms

Accounting account Main unit for grouping and maintaining of information on economic activities and other accounting information. Synthetic balance in accounting used for grouping of public data based on characters established to determine forms of property, capital, financial results, etc. the analytic balance within synthetic balance groups in more details information on personnel, material and other balances. Sub-balance is a part of synthetic balance reflecting grouped analytic data.

Accounting balance The form of financial reporting that reflects the property and financial status of enterprise, entity, organisation and other entrepreneurial subject as for the last day of reporting period

Accounting registries Systemisation of economic activities based on primary accounting documentation

Accounting standards The regulatory document verified to enforce the articles oft his Law, which establishes mandatory rules or regulations of accounting

Activity in the sphere of power resources Activities on exploration, development, production, processing, storage, transportation, distribution and utilization of power materials and products (power resources)

Administration As officials of the enterprise, independently of the form of property and economic mode, as well as owners or administrative body authorised by them, having the right to conclude, cancel or amend labour contracts with employees

Administrator Members of Controllers’ Board, Auditor Committee and Management Board of the Bank, as well as chief accountant of the bank (head of accounting service), employees of internal audit division, managers and chief accountants of branches, departments and representations of the bank

Administrator of the property Official appointed in case of insolvency of the debtor as specified in Chapter V of this Law

Advertisement Information that is spread in order to create interest to physical persons and legal entities, commodities, ideas and novelties (advertising information) or to support this interest, promote sale of commodities, realisation of ideas and novelties

Advertiser Physical person or legal entity that is the source of advertising information for making, placing and distribution of advertisements