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IAS 21 The Effects of Changes in Foreign Exchange Rates outlines the appropriate accounting treatment for individual foreign currency transactions and the consolidation of a
IAS 21 The Effects of Changes in Foreign Exchange Rates outlines the appropriate accounting treatment for individual foreign currency transactions and the consolidation of a foreign subsidiary in group financial statements. Required: Prepare a briefing note outlining the treatment of individual foreign currency transactions and the consolidation of a foreign subsidiary in accordance with IAS 21 and critically evaluate the impact of this treatment on the financial statements.,
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