Forex -consolidation

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November 29, 2016 at 8:45 pm #352454
Hafsa
Member
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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
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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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