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ISSN: 2344 - 102X
ISSN-L: 2344 - 102X
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Article from Volume 7, Number 2, Year 2019| VALUATION OF INFORMATION CONCERNING EXCHANGE RATE AND AMOUNT DIFFERENCES IN THE CONTEXT OF NATIONAL AND INTERNATIONAL PROVISIONS | 
Download | | Author(s): Badicu Galina, Maria Busuioc | | DOI: 10.4316/EJAFB.2019.7217 | | Abstract: The instability of the national currency in relation to the foreign currency entails some repercussions on the accounting, as a result of concluding contracts and performing foreign currency settlements. Therefore, in this article, we proposed to identify the regulations related to settlements in foreign currency under normative aspect, the additional provisions included in the NAS "exchange rate differences and amount" in relation to IFRS, the problematic issues that arise when accounting for differences in amount and formulating final conclusions, regarding the delimitation of exchange differences from those of amount, at national level. By the method of induction, deduction, compassion, analysis and synthesis, I have found that at the national level, is applicable a different treatment of the differences resulting from the change in the exchange rate, depending on status-resident or non-resident but also the existence of loopholes on the tax regulations relating to the differences of amount. | | Keywords: Exchange Rate Differences, Differences In Amount, Foreign Currency, Income And Financial Expenses, Adjustment VAT, Receivables And Debts In Foreign Currency | References:
1. Accounting And Financial Reporting Law No. 287 Of 15.12.2017. In: Official Monitor No. 1-6 / 22, 05.01.2018. Effective Date: 01.01.2019.
2. Currency Regulation Law. 62 Of 21.03.2008. In: Official Gazette No. 127-130 / 496 Of 18.01.2008, In Force: 18.01.2009, With The Subsequent Modifications.
3. IAS 21 “The Effects Of Changes In Foreign Exchange Rates”. Available On: Https://mf.gov.md/ro/lex
4. IFRIC 22 “Foreign Exchange Transactions And Prepayments”. Available At: Https://mf.gov.md/en/lex, With Subsequent Modifications In: Official Gazette No. 142-148 / 589, 04.05.2018.
5. IFRS 15 “Revenue From Customer Contracts”. Order No. 105 Of 17.07.2015. In: Official Monitor No. 197-205 / 1339.
6. Law. Tax Code*. No. 1163-XIII Of 24.04.1997. Fiscal Code Of The Republic Of Moldova. Available On:
Https://www.fisc.md/codulfiscalalrm.aspx
7. NAS „Exchange Rate And Amount Differences”. In: Official Monitor 177-181 / 1224, 16.08.2013, With The Subsequent Modifications.
8. NAS 1 „Presentation Of Financial Statements”, Approved By Order No. 194 Of 30.11.2018. In: Official Monitor No. 467-479 / 1776, 14.12.2018. Http://www.standards.org.np/asb/resources/412729_18.0%20NAS%201-converted_SetPassword.pdf
9. Regulation Regarding The Conditions And The Way Of Carrying Out The Foreign Exchange Transactions, Approved By The Decision Of The
Executive Committee Of The NBM No.29 Of 13.02.2018, In Force From 01.05.2018.
10. The Law Of The Republic Of Moldova On Money, No. 123-XII Of 15.12.1993. In: Official Monitor Of The Republic Of Moldova No.3 / 51 Of 30.03.1993.
11. What Closing Rate Should You Apply When More Rates Are Available?. Https://www.ifrsbox.com/qa-0001-ifrs-dual-rates-foreign-currency/
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