Accounting Models for Outward Processing Transactions of Goods

In modern international trade, a significant expansion is experienced by commercial operations, also including goods outward processing transactions. The motivations for expanding these international economic affairs, which take place in a complex legal framework, consist of: capitalization of the production capacity for some partners, of the brand for others, leading to a significant commercial profit and thus increasing the currency contribution, without excluding the high and complex nature of risks, both in trading and extra-trading. Starting from the content of processing transactions of goods, as part of combined commercial operations and after clarifying the tax matters which affect the entry in the accounts, we shall present models for reflecting in the accounting of an entity established in Romania the operations of outward processing of goods, if the provider of such operations belongs to the extra-Community or Community area.