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Foreign exchange

This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.

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August 23, 2017 at 3:18 pm #403164
taherkake
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Are foreign exchange recorded in statement of profit or loss or are recorded at other comprehensive income?
August 26, 2017 at 7:37 am #403592
MikeLittle
Keymaster
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No prescriptive treatment – if it arises from trading activities it’s generally through profit or loss, if it’s from translation of balances at year end it would tend to be through comprehensive income
OK?
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