功能性货币(Functional Currency):指企业主要经济环境中的货币,即企业经营活动所在的货币。 展示货币(Presentation Currency):指企业在财务报告中使用的货币。🔍 确定功能性货币的因素 主要影响销售价格和服务费用的货币。 主要影响劳动、材料和其他成本的货币。 主要影响融资活动资金的货币。📈 初始翻译 IAS 21规定,...
📌 首先,我们需要搞清楚两个概念:functional currency(功能货币)和presentation currency(展示货币)。IAS 21主要涉及这两种货币的折算。考试时,可能会有一道小题让你讨论某个案例中哪种货币是功能货币,哪种是展示货币,有时会占到8分,所以大家要重视。📊 这个准则的内容分为两部分:外币交易和外币报表折算。外币报...
文件国外交易实体功能货币定义ias21.pdf,Definition Functional currency (IAS 21) The currency of the primary economic environment in which the entity operates. It is the currency in which the financial statement transactions are measured. Reporting foreign
主要指標和企 定,企業個體必須決定它的功能性貨 先必須決定企業的功能性貨幣,這是 業個體營運活動所在主要經濟環境緊 幣(Functional currency),以功能性 因為IAS 21規定非以功能性貨幣進行的 密相關,所以在決定功能性貨幣時, 貨幣衡量公司的財務狀況及營運成 交易就是外幣交易,要將外幣交易在 所占比重較高;次要...
Applying the rules of IAS 21, how are the closing assets and liabilities of a foreign subsidiary translated if the subsidiary does not share the functional currency of the parent?A. Using the average rate or the closing rate.B. Using the closing rate.C. Using the closing rate at the year...
IAS 21 prescribes the methodologies of translation of foreign currency transactions into functional currency, inclusion of financial elements of foreign operations in the financial statements of an entity and translation of financial statements into a presentation currency. The main issues involved are ...
There is little conceptual clarification of the translation requirements in IAS 21. The requirements of IAS 21 can be divided into two main areas: the reporting of foreign currency transactions in the functional currency; and the translation to the prese...
IAS 21 sets out the rules for the translation of the financial statements of a foreign subsidiary that has a different functional currency to its parent into the group's functional currency. Which of the following options correctly describes approaches to translation?A. Monetary items held by the...
ACCA P2 Foreign currency (IAS 21) - Functional currency 19:37 ACCA P2 Foreign currency - Group accounts 39:03 ACCA P2 First time adoption (IFRS 1) 09:09 ACCA P2 Financial instruments (IFRS 9) Introduction 14:06 ACCA P2 Financial assets 31:51 ACCA P2 Fair value hedge accounting ...
functional currencyreporting currencybook recording currencyBy discussing the concept of functional currency proposed in IAS21 improvement program, the paper analyzed its hidden meaning and the functions in conversion of financial report forms of foreign currency. The author also pointed out the difference...