- This topic has 1 reply, 2 voices, and was last updated 5 years ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for June 2024 exams, Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Currency Translation Difference (CTD)
Hi,
When a Foreign Sub’s FS are translated to Parent’s reporting currency, there arises a CTD.
Is this CTD part of Total Equity of the Foreign Sub?
Now when consolidating, do we allocate the CTD to NCI as part of Equity in calculating the GW?
If the answer is yes, then I believe the Parent’s share is allocated to the Post Acquisition Reserves and the CTD is fully eliminated (same as the Sub’s share capital & R/E).
Thanks,
Zafraz
Hi,
Foreign subsidiaries are not on the FR exam, so there is no need to worry about your point above. Save it until SBR!
Thanks