Accounting Specifics of Foreign Currency Settlements with Persons Accountable
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.