Non-monetary items

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Revision as of 13:59, 2 May 2018 by imported>Doug Williamson (Link with Fair value page.)
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Accounting for the effects of changes in foreign exchange rates.

Non-monetary items include property, plant, equity investments, stock (inventory) and similar assets and liabilities.

Under IAS 21, non-monetary items are translated at their historical foreign exchange rates, or the rate which applied when any subsequent fair valuation was undertaken.


See also