AASB 121 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.

Question

Quizplus · Accepted Answer

AASB 121 requires disclosure of all the options mentioned in the question, including net exchange differences recognised in OCI and accumulated in a separate component of equity, the amount of exchange differences recognised in profit or loss for the period other than those that relate to financial instruments measured at fair value through profit or loss, and any change in functional currency and reason for change.

AASB 121 Requires That the Financial Report Disclose Which of the Following