case law: Items denominated and foreign exchange differences
Theses: The Court considers the concept of foreign exchange used in the Commission Regulation (EC) No. 1126/2008 of 3 November 2008 is the same word or phrase on the basis of the Income Tax Act and Accounting Act. Over used phrase in paragraph 20 that the transaction can be "expressed in foreign currency" refers to the expected payment obligations clauses and not denominational. This is confirmed by paragraph. 29 of the note: "When a transaction in foreign currency monetary items arise and there is a change in the exchange rate between the date of the transaction, and the date of settlement, an exchange rate differences. If the transaction is settled in the same accounting period in which it occurred, all related to the exchange difference is recognized in that period. However, if the transaction is settled in the next financial period, the exchange difference included in each of the following periods until the date of settlement shall be determined on the basis of changes in exchange rates, kt
K & T Consulting Accounting Office Warsaw 
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