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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Conso- Impairment (foreign operation)
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
No specific rule – recommend average rate to prevent computational muddles!
Okay gt it thanks a lot
My pleasure