• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

June 2025 ACCA Exams

How was your exam? Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Translation of currency !

Forums › OBU Forums › Translation of currency !

  • This topic has 3 replies, 2 voices, and was last updated 11 years ago by trephena.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • May 20, 2014 at 1:25 pm #169669
    hussainsabt92
    Member
    • Topics: 11
    • Replies: 17
    • ☆

    Hi,

    Just a quick question … The financial statements of companies chosen are presented in different currencies (Dinar and Riyals) … Do I need to translate the currencies?

    May 20, 2014 at 1:45 pm #169673
    trephena
    Moderator
    • Topics: 23
    • Replies: 2623
    • ☆☆☆☆☆

    See Forum ‘I really need help regarding ratios’ as this problem was raised there and I tried to address it in my answer of 9th May 2014. 🙂

    May 21, 2014 at 10:08 am #169830
    hussainsabt92
    Member
    • Topics: 11
    • Replies: 17
    • ☆

    @trephana I read your reply and have a further question. If the exchange rate is not fluctuation over the three years (10SAR/Dinar)…. Is it enough to just include the rate beside the income statement and balance sheet or translation in this case is required?

    May 21, 2014 at 11:33 am #169857
    trephena
    Moderator
    • Topics: 23
    • Replies: 2623
    • ☆☆☆☆☆

    You need to comment on the relative performances of the two companies so if there were no realy significantl currency fluctuations then your task should be easier. You can compare GP ratio and net profit/ operating profit ratios as percentages so no translations are required for that and for turnover you could do side by side graphs/ charts for the absolute figures (again no translations required) and comment on the trends – and what has significantly affected the movements. Most importantly you need to think about any differences in their business environments – different countries have different regimes, tax policies and laws that may account for differences in performance.

    So a good discussion of these when commenting in the financial analysis will link your PESTLE and business analyses to this. Just do a translation in your spreadsheet and use if and when necessary and mention this in your Limitations. 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • mm3677 on IAS 16 Accounting for a revaluation – CIMA F1 Financial Reporting
  • Anastesia123 on MA Chapter 1 Questions Accounting for Management
  • John Moffat on MA Chapter 26 Questions Variance Analysis
  • acowtant on Changes in group structure – examples – ACCA SBR lectures
  • Samantha96 on The Statement of Financial Position and Income Statement (part a) – ACCA Financial Accounting (FA) lectures

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in