IAS 21

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IAS 21 – The Effects of Changes in Foreign Exchange Rates

List of useful info, resources and documents available on other websites about IAS 21 – The Effects of Changes in Foreign Exchange Rates. Summary of IAS 21 – IASPlus Full Text of the IAS 21 as at 31 December 2010 provided by … Continue read...

By |December 23rd, 2011|CHANGES IN FOREIGN EXCHANGE RATES, DOCUMENTS, IAS 21, IAS 21 The Effects of Changes in Foreign Exchange Rates|Comments Off on IAS 21 – The Effects of Changes in Foreign Exchange Rates

IFRS Event: IFRS Application for GENERAL Insurers 23 – 24 November, Central London, UK

IFRS Application for GENERAL Insurers 23 – 24 November, Central London, UK Visit the Website: http://www.informaglobalevents.com/FKM62275IFLW 10% discount available with VIP Code FKM62275IFLW This course provides high quality introductory to interme...

By |September 19th, 2011|EVENTS, FINANCIAL INSTRUMENTS, IAS 21, IAS 39, UK|Comments Off on IFRS Event: IFRS Application for GENERAL Insurers 23 – 24 November, Central London, UK

IFRS Event: IFRS Application for LIFE Insurers 15–16 November, Central London, UK

IFRS Application for LIFE Insurers 15– 16 November, Central London, UK Visit the Website: http://www.informaglobalevents.com/FKM62276IFLW 10% discount available with VIP Code FKM62276IFLW This course provides high quality introductory to intermediat...

By |September 19th, 2011|EVENTS, FINANCIAL INSTRUMENTS, IAS 18, IAS 21, IAS 39, UK|Comments Off on IFRS Event: IFRS Application for LIFE Insurers 15–16 November, Central London, UK

IFRS Implementation-cum-Global Qualification on 3rd July 2011 in New Delhi

For finance and accounts professionals looking for an effective training on IFRS with special focus to India implementation.

By |June 21st, 2011|DOCUMENTS, IAS 16, IAS 2, IAS 21, IAS 38, IAS 39, IFRS, IFRS 7, TRAINING|0 Comments

Consolidation of Foreign sub

Hi there, Can anyone advise how to treat intercompany loans during the consolidation of a foreign sub under ifrs? I am trying to calculate the fx gain/loss that goes to equity on translation of the subs net assets but I’m unsure what adjustments ...

By |October 3rd, 2010|CONSOLIDATION, DOCUMENTS, IAS 21|5 Comments

Convenience Translation – Supplementary Information

Looking for an example of a company that has included a "convenience translation" in its IFRS financial statements. (as described in IAS 21 par 56-57 and BC14). This would be supplementary information that is presented in a different than its functional or presentation currency. Thanks

By |May 12th, 2010|IAS 21|1 Comment

Conversion of foreign currency expenses with local currency

Dear I am in a financial organization. Our company pays some expenses (e.g. salary, fees) with foreign currency. In every month we prepare P/L account with local currency. We also perform currency exchange and change our sale/bye rate according to central bank and also booked exchange gain/loss determining mid rate. So, in which rate we [...]

By |September 13th, 2009|IAS 21|3 Comments

PPP

Hi   Please give me your opinion on forex loss on Assets. Do you capitalize it or do expense it to the foreign loss This e-mail message and any attachment hereto are confidential information intended for a specific addressee and purpose.  If you ...

By |December 14th, 2008|CONSOLIDATION, DOCUMENTS, IAS 2, IAS 21, IFRS|0 Comments

Financial instruments

Does it exist a definition for financial instruments? I am confused with the different perceptions of financial instruments. Thanks. Sincerely yours Emilio   Dear Emilio,   a Financial instrument is any contract that gives rise to a financial ass...

By |December 14th, 2008|DOCUMENTS, FINANCIAL INSTRUMENTS, IAS 2, IAS 21, IAS 39, IFRS, IFRS 7|0 Comments

Equity investments AFS is a non-monetary items?

Hi all, We need some guidance in connection to apply the rules explained in IAS 21 related to if investments AFS in capital instruments is a non-monetary item.  Theses equity investments were made without the intention of take control on any compa...

By |December 14th, 2008|DOCUMENTS, FAIR VALUE, FINANCIAL INSTRUMENTS, IAS 16, IAS 2, IAS 21, IAS 39, IFRS|0 Comments

Difference of exchange

Dear All , Now we are part of an International Company : so we have to report monthly figures of our 35 units , our 35 units are in different country so different  currency , We are Consolidating all the units in The Holding and we report one figur...

By |August 28th, 2008|CONSOLIDATION, DOCUMENTS, IAS 21, IFRS|0 Comments