Foreign Currency Non Monetary Pactions Do Not Confirm Exchange Gains And Losses

When a tax officer examined the account of an enterprise's "financial cost exchange difference", it found that a net return of 150 thousand yuan was confirmed.

After consulting the accounting vouchers and relevant account records, at the end of 12, the detailed balance of accounts receivable and advance accounts receivable for us dollar households and borrowers were 1 million US dollars and 3 million US dollars respectively, and the prepaid accounts were 500 thousand US dollars.

Before adjustment, the balance of accounts receivable and pre account receivable was RMB 6 million 200 thousand yuan and 18 million 600 thousand yuan respectively, and the balance of prepaid accounts was 3 million 100 thousand yuan.

According to 1:6.10 conversion, accounts receivable exchange loss is: 620-100 x 6.10=10 (10000 yuan).

The proceeds from the remittance account are: 1860-300 x 6.10=30 (10000 yuan).

The exchange loss for prepaid accounts is 310-50 x 6.1=5 (10000 yuan).

The net return is 30-10-5=15 (10000 yuan).

Enterprises implement the accounting standards for enterprises.

According to the analysis of tax policy, tax officials think that the accounting treatment of the enterprise is incorrect.

And do the following analysis:

According to the guidelines for the application of accounting standards for Enterprises No. nineteenth - foreign currency conversion, foreign currency monetary items refer to monetary funds held by enterprises and assets that are fixed or determined, or liabilities that are paid.

Monetary items are divided into monetary assets and monetary liabilities.

Monetary assets include cash in cash, bank deposits, accounts receivable, other receivables and long-term receivables. Monetary liabilities include short-term loans, accounts payable, other payables, long-term loans, bonds payable, and long-term accounts payable.

For foreign currency monetary items,

Or the balance of exchange arising from the conversion at the spot balance date on the balance sheet date shall be included in the current profit and loss while the amount of the standard currency in the foreign currency monetary item shall be adjusted or increased.

The application guide specifies the scope of foreign currency monetary items in the form of enumeration.

The amount of prepaid and prepaid accounts is not fixed or uncertain.

Therefore, the exchange gains and losses should not be recognized.

The correct way is to calculate the exchange loss based on accounts receivable: 620-610=10 (10000 yuan).

The net return on pre paid accounts and prepaid accounts participating in the calculation of multi confirmation is 30-5=25 ($10000).

In making use of errors, we should rush through the accounting process and adjust the financial statements.

Article thirty-ninth of the implementing regulations of the enterprise income tax law stipulates that the exchange losses arising from the conversion of RMB assets and liabilities other than Renminbi into Renminbi at the end of the tax year at the end of the tax year and at the end of the tax year shall be deducted, except those already included in the relevant asset costs and those related to the profits distribution to the owners.

However, the foreign currency monetary assets and liabilities are not stipulated in the documents.

The Circular of the State Administration of Taxation on doing a good job in the calculation and settlement of enterprise income tax in 2009 (No. 148 of national tax Letter No. 2010) stipulates that the provisions of the enterprise income tax law are not clear and shall be calculated in accordance with the provisions of Finance and accounting temporarily before they are clearly defined.

Therefore, the tax law recognised the exchange gains and losses recognised in the accounting.