CONTROVERSIES REGARDING THE INTERPRETATION OF THE EXCHANGE RATE REGULATION IN THE MEAT PRODUCTION ACTIVITY
CONTROVERSIES REGARDING THE INTERPRETATION OF THE EXCHANGE RATE REGULATION IN THE MEAT PRODUCTION ACTIVITY

Summary/Abstract: In the context of contemporary food security concerns, commercial transactions involving live animals have increased significantly . This document critically analyzes the controversies regarding the accounting records of the exchange rate used at the date of receipt of biological assets such as stocks as a result of intra-community commercial acquisition operations. We consider that the legal document Letter of Consignment or the International Covenant on Transport Contracts (C.M.R.) on the basis of which the goods are received and the entry into administration is assigned to account 408 "Suppliers-incoming invoices", and the favorable / unfavorable exchange rate difference at the subsequent arrival of INVOICE is in return for account 408 "Suppliers- incoming invoices". Incorrect accounting registration of INVOICE only through account 401 "Suppliers" is contrary to the accounting regulations of Order no.1802/2014, because the goods were received by C.M.R. prior to the arrival of INVOICE, thus giving rise to the calculation of favorable / unfavorable exchange rate differences with fiscal and financial influences.

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