IAS 21Chapter 10Lesson 2
The translation difference and the translation reserve
Step 1 of 7Learning objectives
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The difference arising from translating a foreign operation goes to other comprehensive income and accumulates in a separate component of equity until disposal.
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Learning objectives
- Explain where the translation difference comes from and where it is recorded.
- Calculate the translation difference of a simple operation and follow the reserve.
- Allocate the difference between the group and the non-controlling interests.