The Effect of Foreign Exchange Differences on the Statement of Cash Flow Analytical Study

Ferah Yıldız; Yusran İsmailoğlu; Merve Toptan; Ahmet Yanık

Makale detayları

The Effect of Foreign Exchange Differences on the Statement of Cash Flow Analytical Study

Yazarlar:

Ferah Yıldız | Yusran İsmailoğlu | Merve Toptan | Ahmet Yanık

Yayıncı:

Recep Tayyip Erdoğan University

Dergi:

Recep Tayyip Erdoğan Üniversitesi Sosyal Bilimler Dergisi Vol.10 Issue 1, pp.144-162

Belge Tipi:

Makale

Yayın Tarihi:

6/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001292696

pISSN:

2149-2239

Anahtar kelimeler:

Özet:

 This study investigates the effect of foreign exchanges differences on the cash flow statement, the applied part of this study depends on the actual real data of one of the banks in Syria related to 2013. There have been significant fluctuations in exchange rates as a result of the Syrian crisis, these fluctuations have affected all financial transactions, especially banks transactions. The study aims to investigate that effect on the cash flow statement practically to provide more transparency and fairness with related to the statement of cash flow. This investigation has been done depending on the financial statements of an Islamic bank located in Syria for the year 2013, during the investigation it has been noticed that some accounts in foreign currency have been fixed balances with no changes during the year such as deposits, but because of the fluctuations in foreign exchange rates those accounts have shown a change in the balance in local currency, which was reflected on the financial statements, especially cash flows statement. The main conclusion of this study is that changes in foreign exchange rates that affect the value of fixed balances should be considered separate from actual changes and should not be included in the preparation of financial statements. Instead, they should be shown as separate items, specifically in the cash flow statement. Additionally, the study recommends that these effects should be disclosed and explained in the financial report to provide more transparency, clarity, and fairness for readers.

 This study investigates the effect of foreign exchanges differences on the cash flow statement, the applied part of this study depends on the actual real data of one of the banks in Syria related to 2013. There have been significant fluctuations in exchange rates as a result of the Syrian crisis, these fluctuations have affected all financial transactions, especially banks transactions. The study aims to investigate that effect on the cash flow statement practically to provide more transparency and fairness with related to the statement of cash flow. This investigation has been done depending on the financial statements of an Islamic bank located in Syria for the year 2013, during the investigation it has been noticed that some accounts in foreign currency have been fixed balances with no changes during the year such as deposits, but because of the fluctuations in foreign exchange rates those accounts have shown a change in the balance in local currency, which was reflected on the financial statements, especially cash flows statement. The main conclusion of this study is that changes in foreign exchange rates that affect the value of fixed balances should be considered separate from actual changes and should not be included in the preparation of financial statements. Instead, they should be shown as separate items, specifically in the cash flow statement. Additionally, the study recommends that these effects should be disclosed and explained in the financial report to provide more transparency, clarity, and fairness for readers.

 This study investigates the effect of foreign exchanges differences on the cash flow statement, the applied part of this study depends on the actual real data of one of the banks in Syria related to 2013. There have been significant fluctuations in exchange rates as a result of the Syrian crisis, these fluctuations have affected all financial transactions, especially banks transactions. The study aims to investigate that effect on the cash flow statement practically to provide more transparency and fairness with related to the statement of cash flow. This investigation has been done depending on the financial statements of an Islamic bank located in Syria for the year 2013, during the investigation it has been noticed that some accounts in foreign currency have been fixed balances with no changes during the year such as deposits, but because of the fluctuations in foreign exchange rates those accounts have shown a change in the balance in local currency, which was reflected on the financial statements, especially cash flows statement. The main conclusion of this study is that changes in foreign exchange rates that affect the value of fixed balances should be considered separate from actual changes and should not be included in the preparation of financial statements. Instead, they should be shown as separate items, specifically in the cash flow statement. Additionally, the study recommends that these effects should be disclosed and explained in the financial report to provide more transparency, clarity, and fairness for readers.

 Bu çalışmada kur farklarının nakit akış tablosu üzerindeki etkisi araştırılmakta olup uygulamalı kısmı Suriyedeki bir bankanın 2013 yılına ilişkin gerçek reel verilerine dayanmaktadır. Suriye krizi sonucunda döviz kurlarında önemli dalgalanmalar olmuş, bu dalgalanmalarda özellikle banka işlemleri olmak üzere tüm finansal işlemleri etkilemiştir. Çalışma, nakit akış tablosu ile ilgili olarak daha fazla şeffaflık ve dürüstlük sağlamak için nakit akış tablosu üzerindeki etkiyi uygulamalı olarak incelemeyi amaçlamaktadır. Suriyede bir İslami bankanın 2013 yılı finansal tablolarına dayanılarak yapılmış olup inceleme sırasında mevduat gibi bazı döviz hesaplarının yıl içerisinde değişmeden sabit bakiyeli olduğu, ancak döviz kurlarındaki dalgalanmalar nedeniyle bu hesapların yerel para birimindeki bakiyesinde ise değişme meydana geldiği biçiminde incelenmiş ve bu durum özellikle nakit akış tablosu olmak üzere finansal tablolara yansımıştır. Bu çalışmadan, sabit bakiyelerin değerini etkileyen döviz kurlarındaki değişikliklerin fiili değişikliklerden ayrı olarak değerlendirilmesi ve finansal tabloların hazırlanmasında ayrı bir şekilde raporlanması gerektiği sonucu tespit edilmiştir. Özellikle nakit akış tablosunda ayrı kalemler olarak gösterilmelidir. Ek olarak bu çalışma, okuyuculara daha fazla şeffaflık, açıklık ve dürüstlük sağlamak için bu etkilerin finansal raporlarda açıklanması ve ortaya çıkarılması gerektiğini önermektedir.

Makale detayları

The Effect of Foreign Exchange Differences on the Statement of Cash Flow Analytical Study

Yazarlar:

Ferah Yıldız | Yusran İsmailoğlu | Merve Toptan | Ahmet Yanık

Yayıncı:

Recep Tayyip Erdoğan University

Dergi:

Recep Tayyip Erdoğan Üniversitesi Sosyal Bilimler Dergisi Vol.10 Issue 1, pp.144-162

Belge Tipi:

Makale

Yayın Tarihi:

6/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001292696

pISSN:

2149-2239

Statement of Cash Flow

Foreign Exchange Differences

Unrealized Gain and LossNakit Akış Tablosu

Kur Farkları

Gerçekleşmemiş Kazanç ve Kayıplar

Sayı

Makale detayları

The Effect of Foreign Exchange Differences on the Statement of Cash Flow Analytical Study

Yazarlar: Ferah Yıldız | Yusran İsmailoğlu | Merve Toptan | Ahmet Yanık

Yayıncı: Recep Tayyip Erdoğan University

Dergi: Recep Tayyip Erdoğan Üniversitesi Sosyal Bilimler Dergisi Vol.10 Issue 1, pp.144-162

Belge Tipi: Makale

Yayın Tarihi: 6/2023

Belge Dili: İngilizce

Document ID (Org No.): 2001292696

pISSN: 2149-2239

Statement of Cash Flow

Foreign Exchange Differences

Unrealized Gain and LossNakit Akış Tablosu

Kur Farkları

Gerçekleşmemiş Kazanç ve Kayıplar

Sayı

Yazarlar:

Ferah Yıldız | Yusran İsmailoğlu | Merve Toptan | Ahmet Yanık

Yayıncı:

Recep Tayyip Erdoğan University

Dergi:

Recep Tayyip Erdoğan Üniversitesi Sosyal Bilimler Dergisi Vol.10 Issue 1, pp.144-162

Belge Tipi:

Makale

Yayın Tarihi:

6/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001292696

pISSN:

2149-2239