Articles in the IAS 21 Category
CHANGES IN FOREIGN EXCHANGE RATES, DOCUMENTS, IAS 21, IAS 21 The Effects of Changes in Foreign Exchange Rates »
EVENTS, FINANCIAL INSTRUMENTS, IAS 21, IAS 39, UK »
CONSOLIDATION, DOCUMENTS, IAS 21 »
IAS 21 »
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
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IAS 21 »
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 convert such foreign curreny expenses with local currency to show in the P/L account monthly as well as yearly? As currency rate is variable, so at year end which rate will be applicable to prepare yearly …
















































