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Forex -consolidation

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Forex -consolidation

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  • November 29, 2016 at 8:45 pm #352454
    Hafsa
    Member
    • Topics: 11
    • Replies: 8
    • ☆

    Hi . For the consolidation questions on FOREX … I’ve seen past questions on statement of financial position but haven’t seen any forex tested on statement of profit and loss.
    Is that right ??

    December 1, 2016 at 9:10 pm #352978
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7065
    • ☆☆☆☆☆

    Hi,

    Forex on profit or loss isn’t very exciting hence why we’ve only seen it examined as a statement of financial position.

    Just note through that there could be a foreign transaction that occurs in a statement of profit or loss.

    Thanks

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