Multiple Choice
Which of the following statements is incorrect?
A) Movements in the foreign currency translation reserve must be disclosed.
B) Exchanges differences included in profit or loss must be disclosed.
C) There is no need to disclose if the presentation currency is different from the functional currency.
D) AASB 121/IAS 21 The Effects of Changes in Foreign Exchange Rates requires disclosures about the translation of financial statements into other currencies.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: Which of the following is an additional
Q5: When translating foreign currency denominated financial statements
Q6: Indicators pointing towards the reporting entity's currency
Q7: When translating into the presentation currency, all
Q8: The exchange rate at a point of
Q10: According to AASB 121/IAS 21 The Effects
Q11: Which of the following statements is incorrect?<br>A)
Q12: Under AASB 121/IAS 21 The Effects of
Q13: The presentation currency is:<br>A) the currency of
Q14: When translating into the functional currency, monetary