Page 76 - FAC4862_4 Unisa Test 4 slides
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THE EFFECTS OF CHANGES IN FOREIGN EXCHANGE RATES (TRANSLATION)
Outcomes
• Consolidate the financial statements of a foreign
operation with the same functional currency as
that of its parent.
• Account for the changes in degree of control in
foreign operations.
• Disclose the required information in respect of
foreign operations in accordance with IFRS 12
Disclosure of Interests in Other Entities and IAS 21
The Effects of Changes in Foreign Exchange Rates.
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