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Fixed asset register Note to the accounts

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.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • June 7, 2025 at 9:48 pm #717785
    Dansa
    Participant
    • Topics: 8
    • Replies: 15
    • ☆

    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 balance

    If 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 #717801
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3410
    • ☆☆☆☆☆

    We’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 #717804
    Dansa
    Participant
    • Topics: 8
    • Replies: 15
    • ☆

    Hi 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 #717931
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3410
    • ☆☆☆☆☆

    Very sorry. Exam advice only.

    🙂

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    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Fixed asset register Note to the accounts’ is closed to new replies.

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