IDEAS home Printed from https://ideas.repec.org/a/iaf/journl/y2014i1p26-29.html
   My bibliography  Save this article

Accounting Specifics of Foreign Currency Settlements with Persons Accountable

Author

Listed:
  • Oksana Mykhasyk

    (National University of State Tax Service of Ukraine)

Abstract

The article covers individual aspects of organizing analytical accounting of foreign currency payments for persons accountable at the enterprises of Ukraine. Issues of foreign currency settlements with persons accountable and other debtors have been considered. The need for inclusion of all accounts into monetary items of accounting has been reasoned. The focus has been made on the feasibility of making the amendments into the Accounting Regulation (Standard) 21 – The Effects of Changes in Foreign Exchange Rates – in terms of the definition of exchange differences on all payment transactions. The Provisions of the Tax Code of Ukraine governing foreign currency payments for persons accountable have been analyzed. The inconsistency has been revealed of the tax legislation with the relevant accounting standard which, in practice, causes certain problems in organization of accounting for foreign currency payments. For the purposes of improving organization of analytical accounting the author has proposed a form of Analytical Accounting Payslip for payments made in foreign currency with the use of cross rates.

Suggested Citation

  • Oksana Mykhasyk, 2014. "Accounting Specifics of Foreign Currency Settlements with Persons Accountable," Oblik i finansi, Institute of Accounting and Finance, issue 1, pages 26-29, March.
    • Handle: RePEc:iaf:journl:y:2014:i:1:p:26-29
    as

    Download full text from publisher

    File URL: http://www.afj.org.ua/pdf/140-osoblivosti-vidobrazhennya-v-obliku-rozrahunkiv-z-pidzvitnimi-osobami-v-inozemniy-valyuti.pdf
    Download Restriction: no
    File URL: http://www.afj.org.ua/en/article/140/
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    analytical accounting; person accountable; foreign currency; exchange difference; payment transactions in foreign currency;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iaf:journl:y:2014:i:1:p:26-29. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Serhiy Ostapchuk (email available below). General contact details of provider: https://edirc.repec.org/data/iafkvua.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.