I would like to aks if we should do revaluation each period on bank accounts where there are transactions booked in other currencies than the reporting currency? My understanding is that unrealized revaluation should not be done on cash, but I can not find any confirmation of that in IFRS or the F7 paper itself.
Please advise.
Ask the Tutor ACCA FR
unrealized difference in exchange on bank accounts
It's not in paper F7 syllabus!
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