IAS 21

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August 2, 2019 at 3:02 am #525984
researcher1
Member
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Translation of a foreign subsidiary would result in exchange differences reported in other comprehensive income of the group.

However, for ‘individual entities’, where do we report the exchange difference arising on the translation of balance sheet items? Is this reported in OCI as well, or P&L?

Thanks.
August 3, 2019 at 3:19 pm #526093
P2-D2
Keymaster
- Topics: 4
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Hi,

For individual entities the gains/losses go through profit/loss.

Thanks
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