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 Reader Comments on ::   Recognition of Exchange Differences | |
In continuation to my query above , however, according to BAS 23 p6(c), exchange differences arising from foreign currency borrowings to the extent that they are regarded as an adjustment to interest costs" as a borrowing costs if directly attributable are part of the cost of the asset. Posted By: Sonam Choeden      Posted on: 2018-05-15 11:57:13 | |
As per BAS 21 p28 , exchange differences arising on the settlement of monetary items or on translating monetary items shall be recognized in profit or loss account, so does that mean that gain and loss has to be routed through Profit or Loss account even during the project construction phase. Posted By: Sonam Choeden      Posted on: 2018-05-15 11:57:13 |
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