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Foreign currency transaction

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Foreign currency transaction

Viewing 2 posts - 1 through 2 (of 2 total)
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  • December 4, 2017 at 7:53 pm #420368
    vikulchik07
    Participant
    • Topics: 26
    • Replies: 12
    • ☆

    Hello!

    1.Are monetary items only TR and TP?
    2.The exchange gain or loss must be included in P/L? Nothing in NCI?

    Thanks in advance!

    December 4, 2017 at 11:54 pm #420461
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    1) what about cash at bank and cash in hand?

    2) nci gets their share of after tax profits

    So, by deducting exchange gains or losses from the profit figure before taxation, that reduces the base figure from which nci share is calculated

    OK?

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