Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Fixed asset register Note to the accounts
- This topic has 3 replies, 2 voices, and was last updated 2 weeks ago by
Stephen Widberg.
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- June 7, 2025 at 9:48 pm #717785
Hello tutors
The Notes to the accounts normally have a fixed asset register note which says
B/f balance
Additions
Disposals
Fx translation effects
C/f balanceIf we have a group where a subsidiary has fixed assets in foreign currency
How would we calculate the effect of the fx translation on the fixed assets in the foreign subsidiary? If we normally only do the translating of the net assets or its trial balance
Thanks
June 8, 2025 at 4:43 pm #717801We’d work it out manually – so each asset liability will have its own exchange difference – but not something the examiner would ask us to do.
June 8, 2025 at 4:54 pm #717804Hi Stephen thanks
apart from exam purposes – I encountered this at my job as something my manager assigned to me
would I have to take the Fixed asset register of each foreign entity and calculate as:
-B/f balance at closing rate of previous year
plus movement (additions less disposals) at average rate in the year-then take the C/F balance at closing rate of this year
the balance if the FX effect of the fx register
Is this how it would be done?
June 14, 2025 at 9:20 am #717931Very sorry. Exam advice only.
🙂
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