IAS 21Chapter 12Lesson 1
Foreign operations in consolidation: goodwill, intragroup balances, reporting dates
Step 1 of 7Learning objectives
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Goodwill and fair value adjustments of a foreign operation are its own assets, translated at the closing rate; intragroup balances and different reporting dates call for particular treatments.
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Learning objectives
- Translate the goodwill and fair value adjustments of a foreign operation at the closing rate.
- Treat the exchange difference of an intragroup monetary balance that is not a net investment.
- Place the links with IFRS 3 and IFRS 10 and the case of different reporting dates.