Accounting for Forward Exchange contract

Can some one tell me the accounting treatment for above subjact?

By |August 23rd, 2012|DOCUMENTS, FINANCIAL INSTRUMENTS, IAS 39|0 Comments

Latest IAS 39 treatment on forward contracts

Hello to all IFRS expert, I would like to clarify the IAS 39 accounting entries for a forward contract. My company currently open LC for purchase of machinery from japan for our trading business on 11 March 2010. Due to forex volatility, we entered int...