Peculiarities of accounting of foreign economic activity in Azerbaijan

The article deals with the feature of organization and accounting of foreign economic activity (FEA). Accounting for foreign economic activity is regulated by normative acts, international financial reporting standards and national accounting standards, and meets the requirements of the legislation, the interests of domestic and foreign policy of the Republic. Accounting policy FEA for tax accounting purposes, should be formed on the basis of requirements Tax Code of the Azerbaijan Republic. The main feature of the accounting policy of foreign trade is a reflection of foreign exchange transactions, import and export transactions, as well as other assets and liabilities denominated in foreign currencies. Organization of accounting of FEA are carried out with application of Accounting Plan. On the basis of the accounting organization develops and approves work plan of accounts, containing a complete list of synthetic and analytical accounts necessary to take account of currency and export-import operations and transactions.