# Commission Regulation (EC) No 1653/2004 of 21 September 2004 on a standard financial regulation for the executive agencies pursuant to Council Regulation (EC) No 58/2003 laying down the statute for executive agencies to be entrusted with certain tasks in the management of Community programmes, Article 58

Extent: E+W+S+N.I.

1. The agency's accounting system is the system serving to organise the budgetary and financial information in such a way that figures can be input, filed and registered.
The accounts shall consist of general accounts and budget accounts. These accounts shall be kept in euro on the basis of the calendar year.
The figures in the general accounts and the budget accounts shall be adopted at the close of the budget year so that the accounts referred to in Chapter 1 can be drawn up.
2. Notwithstanding paragraph 1, the authorising officer may keep analytical accounts.

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Source: https://www.legislation.gov.uk/eur/2004/1653/article/58 (the official version)
Page: https://openlegislation.uk/eu-regulation-2004-1653/article-58
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.