AASB 121/IAS 21 requires that the financial report disclose which of the following?
A) The net exchange differences recognised in OCI and accumulated in a separate component of equity.
B) The amount of exchange differences recognised in the profit or loss for the period other than those that relate to financial instruments measured at fair value through profit or loss.
C) Any change in functional currency and reason for change.
D) All of the above.
Correct Answer:
Verified
Q10: Hedge effectiveness is ascertained from:
A) the hedge
Q11: All the following items are 'monetary items'
Q12: Foreign exchange risk may relate to:
A) recognised
Q13: If an Australian company enters a forward
Q14: At the end of the reporting period,
Q15: A forward contact to buy US$40 000
Q16: All of the following are examples of
Q17: Which exchange rate is used at the
Q19: A foreign exchange dealer using the indirect
Q20: The formal documentation of a hedging relationship
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