IAS 21Chapter 13Lesson 1
Disposal of a foreign operation: reclassifying the reserve to profit or loss
Step 1 of 7Learning objectives
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On disposal of a foreign operation, the accumulated translation differences are reclassified to profit or loss; partial disposal, loss of control and non-controlling interests call for their own rules.
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Learning objectives
- Reclassify to profit or loss the accumulated translation differences on disposal of a foreign operation.
- Recognise the cases treated as a disposal and the share of non-controlling interests.
- Deal with a partial disposal and distinguish a write-down from a disposal.