Free ACCA & CIMA online courses from OpenTuition

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

ACCA December Exams

Post comments & Vote in Instant poll >>

20% off ACCA & CIMA Books

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

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)
  • Author
    Posts
  • 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: 23203
    • ☆☆☆☆☆

    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?

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • The topic ‘Foreign currency transaction’ is closed to new replies.