On 31 January 2022, the National Accounting Council (“NAC”) approved a new interpretation relating to advance payments accepted in foreign currency. The Interpretation addresses not only the issue of recognising accepted advance payments in the accounting records of the entity (the selling party), but also the issue of whether or not the funds received in advance carry an exchange rate risk.
Already in 2020, Interpretation I-43 relating to advance payments in foreign currency was approved, which addressed the issue of the correctness of reporting advance payments on the side of the provider (purchasing party) of these transactions. 
The text of the I-47 Interpretation itself is available on the NAC website – www.nur.cz