• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

Save 20% on ACCA & CIMA Books

Interactive BPP books for June 2026 exams, recommended by OpenTuition.
Get discount code >>

Functional Currency IAS 21

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Functional Currency IAS 21

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by AvatarP2-D2.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • July 5, 2019 at 11:21 am #521967
    Avatarolgaazn
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    I have a question regarding functional currency of a company:
    If the nature of companies activities is investments in start up projects around the world (therefore various countries/currencies – therefore no sales/purchases – just dividends, interest and gains/losses on sales) how shall the functional currency be determined? Could it be the source of finance? the country of registration? the main bank account transaction? the taxes? thanks

    July 13, 2019 at 9:27 am #522829
    AvatarP2-D2
    Keymaster
    • Topics: 4
    • Replies: 7235
    • ☆☆☆☆☆

    Hi,

    IAS 21 states that we look at the currency in which an entity’s finances are denominated.

    Thanks

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE Exams – Instant Poll

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • Anna1207 on ACCA P4 Question 1 June 2014 part 3
  • urooj23 on Objectives of organisations – ACCA (AFM) lectures
  • allinenw on EPS – Basic EPS Example – ACCA Financial Reporting (FR)
  • damz235 on Civil Law, Common Law, Criminal Law – ACCA LW Global
  • John Moffat on FA Chapter 12 Questions Sales Tax

Copyright © 2026 · Contact · Advertising · OpenLicense · About · Sitemap · Privacy Policy · Cookie settings · Comments · Log in