Consolidations: Foreign Operations Flashcards

1
Q

What differences does it make if the functional currency of your foreign sub is not in ZAR?

A

then the translations happen on the worksheet and some other things

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2
Q

Must the exchange difference that results from translation of foreign currency results go straight to equity or not?

A
  • It must go into OCI according to IAS 21
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3
Q

How can I learn all the consols in this topic here?

A

GO LOOK AT THE ASSIGNMENTS, ITLL BRING EVERYTHING BACK INTO MEMORY

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