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Conso- Impairment (foreign operation)

ALAlex Lim5y ago
Dear Sir, When we calculate impairment of goodwill for a foreign subsi, we shall use closing rate or average rate?? Is it in SOPL, use average rate, while in SOFP, use closing rate? If that is the case, so the impairment amount in SOPL and SOFP will be differ?? Thank you sir
stephenwidbergstephenwidbergTutor5y ago#1
No specific rule - recommend average rate to prevent computational muddles!
ALAlex Lim5y ago#2
Okay gt it thanks a lot
stephenwidbergstephenwidbergTutor5y ago#3
My pleasure
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