20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2026 exams.
Get your discount code >>

Temporary difference

This topic has 1 reply, 2 voices, and was last updated 5 years ago by Stephen Widberg.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
September 19, 2020 at 5:23 am #586104
toushiga
Participant
- Topics: 424
- Replies: 171
Hi Sir, May I know whether the CA and the tax base of the net investment in its subsidiary will be the same ? any temporary difference will arise from retranslating from subsidiary’s functional currency to presentation currency? or the temporary difference will only arise for foreign currency transaction?
September 19, 2020 at 10:25 am #586125
Stephen Widberg
Keymaster
- Topics: 17
- Replies: 3444
XD on retranslation of sub from FC to PC – not a TD (I think) but it may be some time before I remember why! Never seen it in practice. I will repost if I remember (or find out more).
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

The topic ‘Temporary difference’ is closed to new replies.