Who is not affected by the extension of the chart of accounts?

For accountants, January 1 marks ‘D-Day’. Although the implementation of the unified chart of accounts has been postponed at the last minute, numerous doubts remain. Entrepreneurs and accountants are united in the view that the new regulation was not written for easier business operations and due to EU requirements, but primarily for tax authorities and the disclosure of all connections in related companies.

We have previously written on this topic, and now we write about who is not affected by the extension of the chart of accounts. The items in the income statement that must be fulfilled by companies that are within the group or are related by participating interest, therefore, practically the extension of the chart of accounts until January 1, 2017, does not apply to them.

1. Business revenues and expenses within the group or with companies that are related by participating interest:
• Revenue from sales
• Other business revenues
• Costs of raw materials and supplies
• Costs of goods sold
• Other external costs
• Other costs

2. Financial revenues:
• From investments in shares (stocks) of entrepreneurs within the group or companies related by participating interest
• Interest from relationships with entrepreneurs within the group or with companies related by participating interest
• Exchange rate differences and other financial revenues from relationships with entrepreneurs within the group
• Exchange rate differences and other financial revenues from relationships with companies related by participating interest

3. Financial expenses:
• Interest with entrepreneurs within the group or with companies related by participating interest
• Exchange rate differences and other expenses with companies entrepreneurs within the group or with companies related by participating interest

4. Share:
• In profit or loss from companies related by participating interest
• In profit or loss from joint ventures