Intra-group transactions in foreign currency

GGrant9y ago

Hi, When consolidating a foreign sub, do we assume that intra-group transactions cannot be offset as they are in different currencies, or do we convert at CR then offset? Thanks

P2-D2Tutor9y ago#1

Hi, They have to be offset as the group is still a single entity but you're correct you need to translate the overseas balance prior to elimination. Thanks

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