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Aron june 9

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Aron june 9

Viewing 2 posts - 1 through 2 (of 2 total)
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  • May 20, 2018 at 4:09 pm #452991
    zkaay
    Participant
    • Topics: 212
    • Replies: 98
    • ☆☆☆

    Hi sir,

    Am not ok with this

    For part iii
    Foreign subsidiary

    0.8 to p/l
    1.9 to oce

    From what i know that 2.7 will be recordrd xgre% = p/l

    And 0.8 xgre %= exchange gain in oce

    Thanks

    May 21, 2018 at 8:06 pm #453205
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    Hi,

    What goes through profit or loss is the increase in the fair value of the asset in the functional currency of Gao, being the zloti. As this has increase by 2 million zloti, we translate this at the 2.5 to give the $800,000.

    The remainder will go through reserves.

    Thanks

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