IAS 29 becomes applicable in Zimbabwe - PwC In brief
Publication date: 24 Oct 2019
IAS 29, ‘Financial reporting in hyper-inflationary economies’, is applicable for entities that have the Zimbabwe currency (now also known as the Zimbabwe dollar) as their functional currency for periods ending after 1 July 2019. The standard should be applied as if the economy had always been hyper-inflationary.
See our In brief for further details.
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