Non-monetary items: Difference between revisions

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* [[Fair value]]
* [[Fair value]]
* [[IAS 21]]
* [[IAS 21]]
*[[Monetary]]
* [[Monetary items]]
* [[Monetary items]]
[[Category:Accounting,_tax_and_regulation]]

Latest revision as of 00:25, 12 March 2023

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