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Ifrs7 and ifrs21

This topic has 1 reply, 2 voices, and was last updated 5 years ago by Stephen Widberg.

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November 29, 2019 at 1:49 pm #554143
alikhakar
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IFRS21 uses distinction between monetary and non-monetary assets while IFRS7 uses financial and non-financial distinction. What are the difference between them?
November 29, 2019 at 2:39 pm #554147
Stephen Widberg
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IAS 21 – Monetary = receivables, payables, cash, loans – use in FX translation only
IFRS 7/9 – Financial assets – much broader – includes equities etc
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