Consolidation with Foreign Currencies under IFRS - Example

[@VinodYadav-nn2lj]

I think, i might need to watch it again to understand it. But this is the easiest video found on KZbin regarding translation and consolidation. Thank you so much.

[@CPDbox]

Thank you and yes, I encourage to play it at 0.75 speed and re-watch, go slowly step by step, and maybe better download the related excel file from my website and follow the formulas. It is tedious process, not easy at all.

[@AccountingZerotoHero]

Thank you Silvia! This is very helpful. I agree that equity items are more about policy decisions since IAS 21 is silent but consistency is needed.

[@thehardikoza]

Great work, Silvia!!

[@zephyrryu999]

thx for correct me at some point, I was thinking the case to add the NCI, for the pre acquisition events. but that seems only take portion shares will be the case.

[@CPDbox]

Yes, in this case there's no NCI because I aimed to make it simple this time and add no goodwill and no NCI - Mommy acquired 100% of Baby.

[@kaibaing4288]

Hi Silvia Could you please explain what would be the treatment of Deferred tax on CTD?

[@mubasharzubair1]

Amazing stuff, thanks for video.

[@muhammadarsalanyasir8722]

Excellent Silvia

[@samermdallal5452]

Thank you Silvia great video, Is there any different way to check the CTD value at least to get approx. value ?

[@naqibahmad3685]

tq silvia. great video as usual

[@kaeyisiew8037]

Hi silvia have you explain about the IAS 24 Related parties disclosure

[@ashadcruz680]

Hi Silvia, very informative video, thank you for teaching. I had a question regarding inventories - IAS 21 states that non-monetary items must be translated at historical cost. Why are we using the closing rate to convert Baby's inventory to GBP?

[@probodhamadusanaka2632]

Hi, there are two types of exchange exposure. Transaction exposure and translation exposure. You point is valid as far as transaction exposure is considered. But when it comes to foreign operations, we traslate assets and liabilitied at closing rate. This is translation of forign operations.

[@nicolecordero9245]

Thank you for the informative video. Can you also do deconsolidation with foreign currencies?

[@CPDbox]

Will try :)

[@audreygotora8814]

You're the best

[@chu-chumbingz6944]

Nyc one

[@xolisamakamba6761]

What goes through the income statement in relation to this?