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Profit in functional currency and loss in Presentation currency or vice-versa

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Profit in functional currency and loss in Presentation currency or vice-versa

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by P2-D2.
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  • November 19, 2019 at 6:36 am #553046
    touhidulislam
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    In any situation is it possible to happen profit in functional currency and loss in presentation currency in the income statement of comparative period because of translating balance sheet items by reporting date exchange rate. Please reply with reference.

    Regards
    Md. Touhidul

    November 24, 2019 at 10:05 pm #553644
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7212
    • ☆☆☆☆☆

    Hi,

    This point is more relevant to SBR and not FR.

    Thanks

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