Closing Rate Translations Flashcards

1
Q

All statement of financial position

A

Current/ statement

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Dividends

A

When dividend declared/statement date

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

expenses and revenue in income statement

A

average

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Tax

A

Statement date

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Income statement deprecation

A

Acquisition

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Steps

A

Translate Sofp- at statement rate
Translate Income statement
Consolidate income statement
Consolidate sofp

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Reconciliation

A

Profit after tax ( profit income statement /closing rate and income statement )
Net assets ( closing- opening)
Goodwill (closing opening)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly