Foreign currency settlement business

Foreign currency business includes foreign currency transactions and foreign currency statement translation. 1) Foreign currency transactions: refers to the receipt, payment, settlement and other business conducted by enterprises in non-accounting standard currencies. 2) Conversion of foreign currency statements: To meet specific purposes, convert accounting statements expressed in one currency unit into required accounting statements expressed in another currency unit.

Basic foreign currency business

1. Foreign currency exchange business (bank buying price, bank selling price)

2. Foreign currency purchase and sale business

< p> 3. Foreign currency borrowing business

4. Accepting foreign currency investment business (paid-in capital is generally converted according to the exchange rate agreed in the contract)

5. Recording of exchange gains and losses at the end of the period 1) Preparatory period , recorded as long-term deferred expenses. 2) If fixed assets are purchased and constructed, the value of the fixed assets shall be recorded. 3) Generally recorded as financial expenses.