scholarly journals PARTICULARITIES REGARDING THE REFLECTION OF FOREIGN CURRENCY TRANSACTIONS IN FINANCIAL STATEMENTS

2014 ◽  
Author(s):  
Ionela Cristina Breahna Pravat
Keyword(s):  
Exchange Rates ◽  
Foreign Exchange ◽  
Financial Reporting ◽  
Foreign Currency ◽  
National Level ◽  
Balance Sheet ◽  
Financial Statements ◽  
Foreign Exchange Rates ◽  
European Directives ◽  
Ias 21

The structure and the constituent parts of financial statements are regulated at a national level, mainly by Accounting regulations compliant with European Directives ̶ O.M.P.F. no. 3055/2009, but also by Accounting regulations compliant with International Financial Reporting Standards applied by the trading companies whose securities are rated on a regulated capital market ̶ O.M.P.F. no. 1286/2012. From this latter point of view, an important role is played by IAS 1 “Presentation of Financial Statements”, respectively IAS 21 “The Effects of Changes in Foreign Exchange Rates”. Therefore, this study aims to describe a series of theoretical and practical aspects regarding the particularities of presenting elements generated by foreign currency transactions in financial statements, which are prepared in compliance with the Romanian accounting regulations ̶ balance sheet, profit and loss account, cash flow statement, statement of changes in equity, explanatory notes. The paper also approaches the effect of changes in foreign exchange rates, respectively the accounting recognition of exchange differences, which are specific to different foreign currency operations, according to national regulations (and implicitly, to European Directives), but also according to international regulations (IFRS).

scholarly journals PENGEMBANGAN SISTEM INFORMASI JASA PENUKARAN VALAS

2020 ◽  
Vol 5 (1) ◽  
pp. 7-12
Author(s):  
Anzaludin Samsinga Perbangsa ◽  
Aloysius Reyner ◽  
Joshua Christian Nugroho ◽  
Junne J
Keyword(s):  
Exchange Rates ◽  
Foreign Exchange ◽  
Foreign Currency ◽  
Foreign Exchange Rates ◽  
Literature Study ◽  
Web Based ◽  
Analysis And Design ◽  
Biometric Security ◽  
To Come

The role of money changers is very important in meeting the needs of foreign exchange for the community. This role can also be fulfilled by banks and other financial institutions. People who want to order foreign currencies at this time still have to go through traditional procedures, where the buyer is required to come directly to the place of foreign exchange. This study intends to build a system design that can make currency orders and provide information on foreign exchange rates contained in each money changer through a web-based application. This research uses the Object Oriented Analysis and Design (OOAD) method, literature study, and data collection methods using a questionnaire. Based on the problems outlined and the results of the study, this system can be a source of information on foreign exchange rates and also an alternative order for foreign exchange. Foreign exchange orders can be made online through this information system. This system will continue to be developed with various features such as payment methods using biometric security methods with the support of Artificial Intelligence (AI) technology. So users can search for foreign currency values and order them easily through online media.

scholarly journals IMPLEMENTASI HEDGING SYARIAH DALAM MINIMALISASI RISIKO ATAS FLUKTUASI KURS VALUTA ASING (STUDI PADA PT ASTRA AGRO LESTARI, TBK)

2017 ◽  
Vol 11 (1) ◽  
pp. 57
Author(s):  
Istutik Istutik ◽  
Tita Irbah Rofifah
Keyword(s):  
Exchange Rates ◽  
Foreign Exchange ◽  
Quantitative Research ◽  
Annual Report ◽  
Secondary Data ◽  
Financial Statements ◽  
Positive Influence ◽  
Foreign Exchange Rates ◽  
Accounts Receivable ◽  
Accounts Payable

The study aims to determine the risk of losses from foreign exchange rates faced by PT Astra Agro Lestari Tbk., Implementing sharia forward hedging contract so that the risk of loss can be minimized. Type a descriptive quantitative research using secondary data that the financial statements and annual report of PT Astra Agro Lestari Tbk. Companies that have been the object of research is one of the companies listed in JII (Jakarta Islamic Index). Research shows that the application of forward hedging contract on net liabilities in foreign currencies PT Astra Agro Lestari Tbk in 2015 could reduce the value of a foreign exchange loss on the year. Accounts receivable balance of the contract will increase total assets, while the accounts payable balance of the contract will increase total liabilities. forward hedging contract Sharia can provide a positive influence on the company can be seen from the changes that make the financial statements for the better.

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