Indirect method and Offshore: Difference between pages

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In relation to a Cashflow statement, starting with a reported profit/(loss) figure and then adjusting it to calculate the net cash movement.
1.
The siting of a currency asset in a location other than the country of which the currency is the domestic currency.
For example, a holding of Japanese Yen in the United States (which would also be known as 'Euroyen').


(The alternative Direct method shows all categories of receipts and payments explicitly.)
2.
 
The term is also used in the context of transactions with a company resident in a tax haven, or about a company itself resident in a tax haven.
The indirect method is more widely used in external financial reporting.


== See also ==
== See also ==
* [[Cashflow statement]]
* [[Euro]]
* [[Direct method]]
* [[Finance vehicle]]
* [[Tax haven]]
   
   



Revision as of 14:20, 23 October 2012

1. The siting of a currency asset in a location other than the country of which the currency is the domestic currency. For example, a holding of Japanese Yen in the United States (which would also be known as 'Euroyen').

2. The term is also used in the context of transactions with a company resident in a tax haven, or about a company itself resident in a tax haven.

See also