AASB 121 requires which of the following to be disclosed in the financial reports?
A) Any change in functional currency and reason for change.
B) The net exchange differences recognised in OCI and accumulated in a separate component of equity.
C) 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.
D) All of the above.

Question

Quizplus · Accepted Answer

AASB 121 requires disclosure of all of the above, including any change in functional currency and reason for change, the net exchange differences recognised in OCI and accumulated in a separate component of equity, and 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.

AASB 121 Requires Which of the Following to Be Disclosed