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Effect of Exchange Rate Differences Relating to Receivables and Payables in Consolidated Financial Statement
[Dopad kurzových rozdílů týkajících se pohledávek a závazků v konsolidované účetní závěrce]

Author

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  • Marie Zelenková

Abstract

The entities, that have to translate its results and financial position from its functional currency into a presentation currency for purpose of consolidation, use the method, under these assets and liabilities are translated at the closing rate, and income and expenses are translated at the exchange rates at the dates of the transactions. This paper refers to particular problems in the process of consolidation related to conversion of receivables and payables denominated in foreign currency and costs and revenues as result of these transactions as well.

Suggested Citation

  • Marie Zelenková, 2008. "Effect of Exchange Rate Differences Relating to Receivables and Payables in Consolidated Financial Statement [Dopad kurzových rozdílů týkajících se pohledávek a závazků v konsolidované účetní závěr," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2008(3), pages 69-80.
    • Handle: RePEc:prg:jnlcfu:v:2008:y:2008:i:3:id:281:p:69-80
    DOI: 10.18267/j.cfuc.281
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    Keywords

    Exchange rate differences; Receivables; Payables; Consolidation; Parent entity; Subsidiary; Kurzový rozdíl; Pohledávky; Závazky; Konsolidace; Mateřský podnik; Dceřiný podnik;
    All these keywords.

    JEL classification:

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

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