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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Foreign Subsidiary
Hi
I need to ask that in the CSOFP with foreign subsidiary, is the translation reserve is the same as OCE? if not then whats the difference?
Thanks
Other components of equity is all of the reserves except retained earnings
So a translation reserve would be included in other components of equity
In the exam you will probably only be asked for the exchange differences arising in the year which are recorded in OCI
Thanks!
My pleasure