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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › non-monetary asset revaluation as a result of FOREX
sir when a non-monetary asset is held under revaluation model, any gians/losses arising as a result of forex differences will be credited/debited in SPL in individual books?
but if an intangible asset has been acquired as a part of acquisition of a foreign operation, then we take the gains/losses related to forex in OCI(in consolidate SPLOCI) /translation reserve(in consolidated SFP)
Correct
COMPAMY ADJUSTMENTS – XD to P&L or OCI depending on what you are revaluing
GROUP ADJUTMENTS – XD all to OCI