Profit / Loss on fec – June 2014 Q1Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Profit / Loss on fec – June 2014 Q1This topic has 1 reply, 2 voices, and was last updated 8 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts March 8, 2016 at 5:21 pm #304444 ArishkaMemberTopics: 10Replies: 13☆In June 2014 Q1 and June 2011 Q2 , why is the gain/loss on the fec not shown ? March 9, 2016 at 6:46 am #304621 John MoffatKeymasterTopics: 57Replies: 54520☆☆☆☆☆Because we do not know what the spot rate will be at the time of the transaction, so (for futures) it is more sensible to use the lock-in rate.The questions ask for advice, and you can illustrate this in various ways.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In