Allocation of FX gain/loss on translation of net assets /GW

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May 26, 2015 at 11:01 am #249117
dadabobo
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Dear all,

I found that in some revision kit’s questions answers, they would account for the FX gains/losses on net assets or goodwill (business combination question) in Other component of Equity OR Retained Earning. It seems to be arbitrary. Which one is correct?

I understood that according to IAS 1, it should be recognised in OCE…

Thanks for reading.

Nabil
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