Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

Foreign currency disposals

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Foreign currency disposals

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • February 20, 2019 at 11:41 am #505883
    richardscully
    Member
    • Topics: 197
    • Replies: 145
    • ☆☆☆

    Hi

    The gain or loss on exchange that exists in the translation reserve is recycled on disposal of a subsidiary.
    Does this mean any gains or losses in OCI from any sub over time are recycled as soon as any sub is disposed of?

    Thanks

    February 25, 2019 at 10:11 pm #506530
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7141
    • ☆☆☆☆☆

    Hi,

    Yes, once the subsidiary has been disposed of then everything associated with it needs to go, including the stored up gains and losses.

    Thanks

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.