Cumulative exchange differences - Revision history

imported>Doug Williamson: Add link.

2022-07-26T23:51:39Z

Add link.

← Older revision		Revision as of 23:51, 26 July 2022
Line 30:		Line 30:
	* [[Divestment]]		* [[Divestment]]
	* [[Exchange difference]]		* [[Exchange difference]]
			* [[Foreign currency translation]]
	* [[Foreign exchange]]		* [[Foreign exchange]]
	* [[Foreign operation]]		* [[Foreign operation]]

imported>Doug Williamson: Typo correction

2022-03-05T18:28:41Z

Typo correction

← Older revision		Revision as of 18:28, 5 March 2022
Line 8:		Line 8:


	In this context, cumulative exchange differences are the net total recognised to date in other comprehensive income.		In this context, cumulative exchange differences are the net total amount that has been recognised to date in other comprehensive income.

imported>Doug Williamson: Typo correction

2022-03-05T18:08:38Z

Typo correction

← Older revision		Revision as of 18:08, 5 March 2022
Line 7:		Line 7:
	Those exchange differences are then recognised in profit or loss on disposal of the net investment.		Those exchange differences are then recognised in profit or loss on disposal of the net investment.

	In this context, cumulative exchange differences are the total ~~net amount~~ recognised to date in other comprehensive income.
			In this context, cumulative exchange differences are the net total recognised to date in other comprehensive income.

imported>Doug Williamson: Create page. Sources: Linked pages.

2022-03-05T16:47:11Z

Create page. Sources: Linked pages.

New page

1. ''Foreign currency - translation - exchange differences - IAS 21.''

An exchange difference is the difference resulting from translating a given number of units of one currency into another currency at different exchange rates.

Under IAS 21, exchange differences arising on monetary items that form part of the reporting entity's net investment in a foreign operation are recognised - in the consolidated financial statements that include the foreign operation - in other comprehensive income.

Those exchange differences are then recognised in profit or loss on disposal of the net investment.

In this context, cumulative exchange differences are the total net amount recognised to date in other comprehensive income.

:<span style="color:#4B0082">'''''Russia-Ukraine - investor relations'''''</span>

:"It is critical that the treasurer is able to articulate the materiality of any impacts to the company and its operations and what additional steps are being taken to mitigate any existing or potential risks that may emerge or become significant...

:Will you need to assess any Cumulative Currency Translation Differences in the balance sheet that may have an impact on the Income Statement following divestment / impairment [of any relevant foreign operations]?"

:''Russia-Ukraine: a treasurer's checklist - Association of Corporate Treasurers - 3 March 2022.''

2. ''Foreign exchange differences.''

Any similar amounts in other contexts.

== See also ==
* [[Consolidated group accounts]]
* [[Currency]]
* [[Divestment]]
* [[Exchange difference]]
* [[Foreign exchange]]
* [[Foreign operation]]
* [[IAS 21]]
* [[Impairment]]
* [[Income statement]]
* [[Investor relations]]
* [[Materiality]]
* [[Monetary items]]
* [[Other comprehensive income]]
* [[Profit and Loss account]]
* [[Recognition]]
* [[Translation risk]]

== External link ==
*[https://www.iasplus.com/en/standards/ias/ias21 IAS 21 - IAS Plus]

[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]