Accounting Standards Lectures - IAS 21 Foreign Exchange Transactions | ACCA | ICAG | CFA

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[@gilchristhamenoo6287]

Hi, what do you do in a case when PPE is revalued at the end of the year please

[@NhyiraPremium]

@@gilchristhamenoo6287 you account for it as per IAS 16 revaluation of Assets

[@irael9042]

I understood this so well, thank you sir

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You are most welcome

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[@Mr.IsmailAbiodunOni]

Must the translation gain or loss be recognized at the end of the year? I have a case where the accounting software system we use at my place of work automatically recognizes it monthly

[@NhyiraPremium]

The recognition is based on when the transaction occurred and payment undertaken.

[@Ealdorman_of_Mercia]

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