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Impairment loss on Foreign operations

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Impairment loss on Foreign operations

  • This topic has 3 replies, 2 voices, and was last updated 4 years ago by Stephen Widberg.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • March 19, 2021 at 9:00 am #614736
    tinkle
    Participant
    • Topics: 51
    • Replies: 43
    • ☆☆

    Hello Sir, I hope youre safe and doing good please help me with the following:

    I understand that impairment loss can be translated either at average rate or at closing rate but if i do it at closing and for instance the study text answer has it at average and so all my subsequent answers of workings differ from the correct answers, is that accEptable?

    March 19, 2021 at 12:20 pm #614778
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3427
    • ☆☆☆☆☆

    Absolutely fine – in any case you won’t have to prepare a whole set of accounts so don’t worry about everything reconciling.

    March 20, 2021 at 5:52 am #614814
    tinkle
    Participant
    • Topics: 51
    • Replies: 43
    • ☆☆

    Thank you

    March 21, 2021 at 10:15 am #614869
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3427
    • ☆☆☆☆☆

    My pleasure

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Impairment loss on Foreign operations’ is closed to new replies.

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