Accounting for Currency Transactions in Case of Changes Terms of Foreign Trade Contracts

Currently, the implementation of foreign trade operations is subject to a number of sanctions restrictions, as a result of which Russian organizations use various ways to circumvent them, including such as transferring debt and changing the currency of the contract, which causes certain difficulties for Russian accountants. The purpose of the work is to develop recommendations on the recognition of foreign exchange transactions in accounting when changing the terms of foreign trade contracts (changing the currency of the contract, transferring debt), taking into account legal aspects. The paper proposes a procedure for accounting for currency transactions related to the transfer of debt and the change in the currency of the contract. Using specific examples, the accounting of currency transactions is considered when changing the currency of the contract, transferring debt, transferring debt with a simultaneous change in the currency of the contract, assigning performance of an obligation to a third party, assigning performance of an obligation to a third party with a simultaneous change in the currency of the contract.