How do we prepare consolidated financial statements of a company having transactions in various currencies ?

Question

FITAH MOHAMED · Answer

No problem with that

According to the principle of the stability of the monetary union

Is calculated by the value of the transaction value of the local unit on the date of the transaction

In the case of the existence of differences in the exchange rates of currencies end of the period it opens a new account and close in the income statement

georgei assi · Answer

There are two ways are used in the process of translating the financial statements prepared in currencies of foreign currency the main center or the Holding Company, and these methods are: - 1-way translator or the current rate 2-way re-measurement

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How do we prepare consolidated financial statements of a company having transactions in various currencies ?

No problem with that

According to the principle of the stability of the monetary union

Is calculated by the value of the transaction value of the local unit on the date of the transaction

In the case of the existence of differences in the exchange rates of currencies end of the period it opens a new account and close in the income statement

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