IFRS, IAS, International Financial Reporting Standards, International Accounting Standards, IASB

International Financial Reporting Standards (IFRS)
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International Financial Reporting Standards (IFRS) Notes

	IFRS Notes
12108	Presentation currency IAS 21-pr39 If financial statements are prepared in the currency different from functional currency, translation from functional currency to presentation currency is needed (1) assets and liabilities translated at the closing rate at the date of statement of financial position (2) income and expenses translated at exchange rates at the transaction dates (3) exchange differences are recognised in other comprehensive income

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