Why are gains/losses on translation taken to a foreign currency translation reserve rather than to profit and

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Why are gains/losses on translation taken to a foreign currency translation reserve rather than to profit and loss for the period?

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Applying International Financial Reporting Standards

ISBN: 978-0730302124

3rd edition

Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise

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Question Posted: Apr 30, 2016 01:12 PM

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Why are gains/losses on translation taken to a foreign currency translation reserve rather than to profit and

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According to paragraph 41 of IAS 21 these exchange di...View the full answer

Applying International Financial Reporting Standards

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