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Hi,
Regarding the foreign entity consolidation, I’m seeing some difference between Kaplan and BPP treatments where Kaplan treated the Exchange gains/losses on translation of goodwill and Net assets to a separate line in Equity called “Exchange difference reserve”. Meanwhile, BPP treated these 2 directly to Retained earnings and NCI, not showing a separate equity item.
Which approach should we follow? As exchange difference is shown as OCI in SoCI, I’m not sure why BPP is treating it as RE
Regards,
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