Gain on translation of Non monetary assetForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Gain on translation of Non monetary assetThis topic has 1 reply, 2 voices, and was last updated 6 years ago by P2-D2.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts January 29, 2018 at 9:16 am #433765 aamir2111MemberTopics: 123Replies: 85☆☆☆Dear Tutor,Is the gain in retranslation of non-monetary asset carried out at fair value recognised through SoPL or as an OCI? January 29, 2018 at 10:40 pm #433910 P2-D2KeymasterTopics: 4Replies: 6875☆☆☆☆☆Hi,If the fair value has changed then the updated fair value is retranslated. The treatment of the gain/loss follows that of the classification of the financial instrument, so if FVTOCI it will go through OCI.ThanksAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In