Financial year and Income statement exposure: Difference between pages

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1.  
1.  
 
''Foreign exchange risk''.
''UK Tax''.
Arises as a result of the process of translating income statement items denominated in foreign currency into group income statements denominated in the parent currency.
 
This is a form of foreign exchange Translation exposure.
A period for which the rate of UK corporation tax is set.  It runs from 1 April to the following 31 March.
 


2.  
2.  
 
More generally, the risk of adverse effects in the income statement arising from foreign exchange risk or from other sources.
''Financial reporting''.  
 
The 12-month period for which financial accounts are prepared.
 


== See also ==
== See also ==
* [[Accounting period]]
* [[Balance sheet exposure]]
* [[Corporation Tax]]
* [[Group accounts]]
* [[Fiscal year]]
* [[Income statement]]
* [[Translation exposure]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]
[[Category:Accounting,_tax_and_regulation]]

Revision as of 14:19, 23 October 2012

1. Foreign exchange risk. Arises as a result of the process of translating income statement items denominated in foreign currency into group income statements denominated in the parent currency. This is a form of foreign exchange Translation exposure.

2. More generally, the risk of adverse effects in the income statement arising from foreign exchange risk or from other sources.

See also