Metody wyceny transakcji walutowych w jednostkach sektora małych i średnich przedsiębiorstw
Valuation of transactions in foreign currencies in the SME sector

Summary/Abstract: The reliability of financial statements depends on the application of accepted principles of measurement of assets, including those expressed in foreign currencies. Small and medium-sized entities often face problems in the choice and application of appropriate principles of currency translation, especially that the principles set out in accounting law differ from those prescribed by tax law. Harmonisation of accounting and tax regulations has been going on since 1 January 2007. Taxpayers are now permitted to choose the method of calculating exchange differences – they can apply the accounting method or the tax method.

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