Translation gain/ loss

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May 3, 2018 at 12:25 am #449861
zkaay
Participant
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Hi sir,

I am really confused when to put translation gain/loss under gre and when under oce?

Referring to q ribby , hail and zian (june 8) in kaplan kit

I thought the exchange difference should always be under oce however in this q i saw it under gre

Plz clarify my mis understanding

Thanks
May 4, 2018 at 9:45 pm #450133
P2-D2
Keymaster
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Hi,

Technically, the exchange gain/loss on translation of the overseas subsidiary goes through OCE. Any exchange differences on translating an overseas item in the overseas subsidiary will go through profit or loss.

Thanks
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