forex differences on retranslation

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May 30, 2021 at 10:35 am #622281
Jiya024
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Dear Professor

I wish to know where do the foreign exchange differences arising on retranslation of NON-MONETARY ASSETS( under revaluation model) go?

Many thanks:)
May 30, 2021 at 4:38 pm #622324
Stephen Widberg
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PPE – XD to OCI
IP – XD to P&L

So, the XD follows the underlying gain or loss – agriculture is P&L so XD on a foreign cow would be P&L as well.
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