Advanced Search
MyIDEAS: Login

Accounting Specifics of Foreign Currency Settlements with Persons Accountable

Contents:

Author Info

  • Oksana Mykhasyk

    ()
    (National University of State Tax Service of Ukraine)

Registered author(s):

    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.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    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

    Bibliographic Info

    Article provided by Institute of Accounting and Finance in its journal Accounting and Finance.

    Volume (Year): (2014)
    Issue (Month): 1 (March)
    Pages: 26-29

    as in new window
    Handle: RePEc:iaf:journl:y:2014:i:1:p:26-29

    Contact details of provider:
    Postal: 10, Heroiv Oborony St., Kyiv, 03680
    Phone: +380442190044
    Fax: +380442590124
    Email:
    Web page: http://www.iaf.kiev.ua/
    More information through EDIRC

    Related research

    Keywords: analytical accounting; person accountable; foreign currency; exchange difference; payment transactions in foreign currency;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Serhiy Ostapchuk).

    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.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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