Translation of hyperinflationary foreign operations (IAS 29/IAS 21) - PwC In brief

Translation of hyperinflationary foreign operations (IAS 29/IAS 21) - PwC In brief

Publication date: 20 Mar 2020

Must know

Must know

The IFRS Interpretations Committee (IC) received a request asking: (1) how an entity with a non-hyperinflationary presentation currency should present differences that arise on restating and translating the opening financial position of a hyperinflationary foreign operation; and (2) whether the foreign currency translation reserve should be reclassified when a foreign operation becomes hyperinflationary.

See this In brief for the details.

 
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