Monetary asset and Statutory instrument: Difference between pages

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imported>Doug Williamson
(Create page - source - IAS 21 - https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards/english/2022/issued/part-a/ias-21-the-effects-of-changes-in-foreign-exchange-rates.pdf?bypass=on)
 
imported>Doug Williamson
(Add links.)
 
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''Accounting for the effects of changes in foreign exchange rates.''
(SI).  


The essential feature of a monetary asset is that it is a right to receive a fixed - or determinable - number of units of currency.
A type of delegated legislation in the UK, usually written by a government minister, exercising legislative powers delegated to the minister by Act of Parliament.
 
Monetary assets include cash, loans and debtors.
 
Under IAS 21, monetary items are translated at the foreign exchange rate which applies on the balance sheet reporting date (the 'closing rate').




== See also ==
== See also ==
* [[Cash]]
* [[Act]]
* [[Debtors]]
* [[Delegated legislation]]
* [[Exchange difference]]
* [[Instrument]]
* [[Foreign exchange]]
* [[Legislation]]
* [[IAS 21]]
* [[Parliament]]
*[[Loan]]
* [[Secondary legislation]]
*[[Monetary]]
* [[Subordinate legislation]]
*[[Monetary items]]
*[[Monetary liability]]
*[[Non-monetary items]]
* [[Translation risk]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]

Revision as of 11:20, 5 November 2021

(SI).

A type of delegated legislation in the UK, usually written by a government minister, exercising legislative powers delegated to the minister by Act of Parliament.


See also