Sometimes organizations enter into contracts for the purchase of goods, the provision of services or the performance of work with the provision of payment in the form of conventional units. Considering such transactions, accountants quite often face the problem of correctly reflecting the amount differences in accounting. Amount differences arise as a result of differences in the appraisal of the value of goods, works or services depending on the foreign exchange rate at the date of payment.
Instructions
Step 1
Reflect the sum differences in the accounting of the enterprise, if you are a seller of goods, services or works, on the basis of clause 6.6 of PBU 9/99 "Income of the organization". In this case, the sum difference is equal to the difference between the amount reflected on the credit of account 90 on the day of recognition of the accounting proceeds and the amount received on the settlement account of the enterprise as payment upon fulfillment of the terms of the contract.
Step 2
This value should be used by the seller to adjust the amount of revenue reflected on the credit of account 90. If, on the date of payment, the foreign exchange rate corresponding to the conventional monetary unit in the agreement increased relative to the rate on the date of recognition of income, then the seller fixes a positive amount difference. If it has decreased, then there is a negative sum difference.
Step 3
Determine the sum differences in the accounting of the organization, if you are a buyer, in accordance with clause 6.6 of PBU 10/99 "Organization's expenses". The buyer's total difference will be equal to the difference between the amount of payment calculated at the foreign currency exchange rate on the relevant date and the value of the purchased goods calculated at the date of the accounts payable. A negative sum difference or additional expense arises when the exchange rate increases, and a positive one - when it decreases.
Step 4
Take up the development of a method for accounting for the amount differences in relation to your company individually, since the regulations do not establish a specific option for their accounting in the accounting department of the organization. Take into account the specifics of the company's activities and fix the resulting method in the accounting policy.
Step 5
Determine which type of expenses of the enterprise corresponds to the received sum differences. The fact is that in the list of costs specified in PBU 10/99, there is no such name for costs. In this regard, the sum difference will most logically be attributed to ordinary activities and reflected in the cost of sales of debit on account 90. Also, the sum differences can be reflected in accounting on the same account as the cost of purchased goods. In this case, it will be necessary to open separate sub-accounts for costs.
