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
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
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