微信扫一扫
实时资讯全掌握
IAS 21 sets out the rules for the translation of the financial statements of a foreign subsidiary that has a different functional currency to its parent into the group's functional currency. Which of the following options correctly describes approaches to translation? A. Monetary items held by the subsidiary are translated using the rate in force at the date of the statement of financial position. B. The income statement is translated using actual rates where known (or an average rate for the period) for all items. C. Non-monetary assets which have been revalued are translated using the rate in force at the date of the revaluation. D. Non-monetary items are recorded at historical cost and retranslated using the rate in force at the reporting date. |