ProcedureTranslating Amounts Denominated in Foreign Currency

 

Cash flows in foreign currency must be shown in the cash flow statement, translated into rubles at the exchange rate published by the Bank of Russia on the date of the cash flow statement.

In addition, the beginning balance must be shown at the exchange rate at the reporting date. Exchange rate differences between the rate on the reporting date and at the beginning of the year are shown in the last line of the statement.

Procedure

  1. In the Other Settings group box, enter the exchange rate type you use for the Bank of Russia’s rates.

  2. In the Key Date for Translation field, enter the date of the cash flow statement.

  3. In the For Previous Year field, enter the date of the previous year’s cash flow statement.