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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › FV ADJ- Foreign Subsidiary
Fair value adjustments related to subsidiary for monetary items/non monetary items would be restated at each year end? ( as we do in goodwill).
(Eg if its land at acquisition as a fv adj.and its been two years after acquisition.should the exchange difference in oci would recognize the exchange diiference for two years even its non monetary item (not revalued) ?
“Fair value adjustments related to subsidiary for monetary items/non monetary items would be restated at each year end? ( as we do in goodwill).”
Yes
“even its non monetary item (not revalued) ?”
It would still be translated at the closing rate at its revalued amount