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IAS 21: The Effects of Changes in Foreign Exchange Rates

IAS 21 provides guidance on accounting for foreign currency transactions and foreign operations. It outlines how to account for foreign currency transactions and translate financial statements into a presentation currency. IAS 21 requires an entity to determine its functional currency and measure its results and financial position in that currency.

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MD Hafizul Islam Hafiz
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38 views5 pages

IAS 21: The Effects of Changes in Foreign Exchange Rates

IAS 21 provides guidance on accounting for foreign currency transactions and foreign operations. It outlines how to account for foreign currency transactions and translate financial statements into a presentation currency. IAS 21 requires an entity to determine its functional currency and measure its results and financial position in that currency.

Uploaded by

MD Hafizul Islam Hafiz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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IAS 21: The Effects of Changes in Foreign Exchange Rates.

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