I studied with bpp and the approach we were told to take is to translate the subsidiaries statements before we do the adjustments. But in the P&R kit – the question 43 (Memo) – to me it looks like they did the adjustments first before translating subsidiaries statements. What do you do normally?
I think you would be best to put through the adjustments first, arrive at the revised / adjusted subsidiary figures. After that, translate these figures.