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foreign currency loan

Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › foreign currency loan

  • This topic has 0 replies, 1 voice, and was last updated 11 years ago by densdumbo1.
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  • April 30, 2014 at 8:52 am #166863
    densdumbo1
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    • Topics: 19
    • Replies: 14
    • ☆

    if a parent gives a loan to its foreign sub of $400…then apart frm eliminating the loan amt frm d receivables n payables…are we supposed to add or deduct any exchange loss on retranslating the loan in the sofp….bcoz if no such adjustment is made …then the sofp figures tally

    pls help…thank you

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