foreign sub translation

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August 13, 2019 at 6:50 am #527310
pawanm
Member
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sir at what rate we should add fair value adjustments on assets @ acquisition in consolidated statement of financial position. if we add at closing rate the is the exchange difference calculated ?
August 14, 2019 at 10:06 am #527536
P2-D2
Keymaster
- Topics: 4
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Hi,

The assets do not need to be translated at acquisition but will be translated at the closing rate. Any exchange differences are dealt with through OCI.

Thanks
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