企业会计准则第19号——外币折算52392(国外英语资料).docVIP

企业会计准则第19号——外币折算52392(国外英语资料) Chapter I General Provisions Article 1 these standards are formulated in accordance with the accounting standards for enterprises - Basic Standards in order to regulate the accounting treatment of foreign currency transactions, the conversion of foreign currency financial statements and the disclosure of relevant information. Second foreign currency transactions refer to transactions denominated or settled in foreign currencies. Foreign currency is the currency other than the companys bookkeeping currency. Foreign currency transactions, including: (1) buying or selling goods or services denominated in foreign currencies; (two) borrowing or lending foreign currency funds; (three) other transactions denominated or settled in foreign currencies. Third of the following items shall be governed by other relevant accounting standards: (1) the hedging of foreign currency items shall be governed by the accounting standards for Enterprises No. twenty-fourth - hedging. (two) the exchange difference arising from foreign currency borrowing related to the construction of fixed assets shall be governed by the accounting standards for Enterprises No. seventeenth - borrowing costs. (three) the translation of foreign currency in the cash flow statement shall apply to the accounting standards for Enterprises No. thirty-first - the statement of cash flows. The second chapter is about the determination of bookkeeping currency The fourth standard currency refers to the currency in the main economic environment in which the enterprise operates. The enterprise usually chooses RMB as its bookkeeping currency. An enterprise with a business income and expenditure in the currency other than RMB may, in accordance with the fifth provisions of these standards, select one of the currencies as the bookkeeping standard currency, but the financial statements prepared shall be converted into renminbi. Fifth enterprises shall consider the following factors when selecting