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MFRS 121 guides how to account for foreign currency transactions and translate financial statements into a reporting currency. (a)Identify the disclosure requirements by MFRS121. (b)Explain

  • MFRS 121 guides how to account for foreign currency transactions and translate financial statements into a reporting currency.
  • (a)Identify the disclosure requirements by MFRS 121.
  • (b)Explain how the translation of income and balance sheet items can result in exchange differences.

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a Disclosure Requirements in accordance with MFRS 121 MFRS 121 is the Malaysian Financial Reporting Standards that provides the requirements for dealing with foreign exchange The following are the pri... blur-text-image

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