alleryStart learning →What are the two principal issues in Ind AS 21?
AWhich rate, and how to report effects
BWhich bank, and when to hedge
CWhich tax, and when to pay
DWhich auditor, and which currency
Answer & Solution
Correct answer: A. Which rate, and how to report effects
The issues are choosing the exchange rate or rates and deciding how to report the effects of rate changes.
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Related questions
A lends to foreign subsidiary B, no settlement planned. The loan is part of:In assessing exchangeability, which is considered?Does a normal administrative delay make a currency not exchangeable?If a currency is not exchangeable, what must the entity do?How does Ind AS 21 define an exchange rate?An exchange difference arises from translating currency units at what?Which standard covers presenting foreign currency cash flows?Which area does Ind AS 21 leave to Ind AS 109?