Description
What you will learn from the video lecture:
- What is a currency
- Functional currency, Foreign currency and Presentation currency
- Factors determining the Functional currency
- Effects of Changes in Foreign Exchange Rates
- What is a Foreign Operation (F0)
- Assessing Functional Currency of FO
- Types of Monetary and Non-Monetary items
- Net investment in a Foreign Operation
- Recognition and Reporting of Foreign Currency Translations
- Which rate to use at end of Reporting Period
- Determining the carrying amount of items with numerical examples
- Recognition of Exchange Differences with illustrative examples
- Gain or loss on a non-monetary item recognised in PL and OCI
- Change in Functional currency
- Translation to the Presentation currency
- Procedure for Translation with examples
- Partly owned Subsidiary
- Translation of a Foreign Operation
- Disposal or partial disposal of a FO
- Tax effects of all Exchange Differences
- Numerical illustrations of above 4 topics
Additional features:
Session type – Detailed deliberation on Ind AS 21 with maximum use of practical examples and engaging illustrations
On-Demand Access – Enjoy flexibility of accessing e-lecture anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule
Unlimited Views – There is no restriction to the number of views
Study material – You will receive a free comprehensive e-book on Ind AS 21 worth Rs. 79, presentation slides, and examples
Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase
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