Český finanční a účetní časopis 2008(3):69-80 | DOI: 10.18267/j.cfuc.281

Effect of Exchange Rate Differences Relating to Receivables and Payables in Consolidated Financial Statement

Marie Zelenková
Ing. Marie Zelenková, Ph.D. - odborná asistentka; Katedra finančního účetnictví a auditingu, Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3, Česká republika; <zelenm@vse.cz>.

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.

Keywords: Exchange rate differences; Receivables; Payables; Consolidation; Parent entity; Subsidiary.
JEL classification: M41

Published: October 1, 2008  Show citation

ACS AIP APA ASA Harvard Chicago Chicago Notes IEEE ISO690 MLA NLM Turabian Vancouver
Zelenková, M. (2008). Effect of Exchange Rate Differences Relating to Receivables and Payables in Consolidated Financial Statement. Czech Financial and Accounting Journal, 2008(3), 69-80. doi: 10.18267/j.cfuc.281
Download citation
  • BibTeX (.bib)
  • Bookends (.ris)
  • EasyBib (.ris)
  • EndNote (.enw)
  • EndNote 8 (.xml)
  • ISI WoS (.isi)
  • Medlars (.medlars)
  • Mendeley (.ris)
  • MODS (.xml)
  • Papers (.ris)
  • RefWorks (.txt)
  • RefManager (.ris)
  • RIS (.ris)
  • MS Word (.xml)
  • Zotero (.ris)
    • Open full article

    References

    1. Alfredson K. - Leo K. - Rocker R. - Pacter P. - Radford J. - Wise V. (2007): Applying international financial reporting standards. New York, Wiley, 2007.
    2. IASB (2005): Mezinárodní standardy účetního výkaznictví (IFRSTM) včetně Mezinárodních účetních standardů (IASTM) a Interpretací k 1. lednu 2005. Praha, Svaz účetních, 2005.
    3. Pierce A. - Brennan N. (2003): Principles and Praktice of Group Accounts a European Perspective. London, Thomson, 2003. 8 Pokud by se pro vyloučení vzájemné výsledkové vazby nepoužily kurzy historické, tj. takové směnné kurzy, které byly platné v době, kdy tato vnitroskupinová výsledková transakce nastala.

    This is an open access article distributed under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0), which permits use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.


    Return to the content