Foreign currency- Functional currency – ACCA (SBR) lectures
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Q1
Why we will not treat any gain or loss as per relevant standard requirement in non-monetary items?
For eg: In PPE, Gain should go to OCI either its come from normal FV or due to currency fluctuation rather than transferring in operating cost.
Correct me pls if i am wrong.
Sorry for a silly question but how to recognise that investment is carried at FV?
Thanks.