IAS 29 becomes applicable in Lebanon and Iran - PwC In brief

IAS 29 becomes applicable in Lebanon and Iran - PwC In brief

Publication date: 02 Oct 2020

Must know

Must know

IAS 29, ‘Financial reporting in hyper-inflationary economies’, should be applied by entities with a functional currency of the Lebanese pound and Iranian rial for accounting periods ending on or after 31 December 2020. IAS 29 should be applied as if the economy had always been hyper-inflationary.

See here for the details.

 
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