Question Marks over Foreign Entities

Otazníky nad zahraniční pobočkou

Jaroslava Roubíčková

Český finanční a účetní časopis, 2008, vol. 2008, issue 4, 89-96

Abstract: The article deals with the issue of foreign entities that are established abroad by the founder in the form of an ownership link. These foreign entities, which are the subject of this article, are because of different juridical definition not always designated by the same name, e.g. "Permanent Business Premises" according to the Czech law (tax aspects) or Organizational Organ (definition following from the Czech Business law). In practice, mentioned foreign entities apply different approaches when they handle keeping ordinary accounting at the seat of the foreign entity or when it is viewed from the perspective of the founder, who includes that entity, which is a part of his accounting reports, in his accounting. The article poses a lot of questions linked to the accounting of foreign entities in a situation of the absence of a concrete regulation of the accounting methodology.

Keywords: Foreign entity; Foreign operation; Foreign exchange difference; Zahraniční jednotka/subjekt; Zahraniční činnost; Kursové rozdíly (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2008
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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DOI: 10.18267/j.cfuc.294

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