Disclosure of exchange differences

Learning objectives

• Identify the disclosures about exchange differences recognised in profit or loss and in the translation reserve.L2, L3

Normative references

• IAS 21 §52Disclosures (para. 52): (a) the amount of exchange differences recognised in profit or loss, except for those arising on financial instruments measured at fair value through profit or loss in accordance with IFRS 9; (b) net exchange differences recognised in other comprehensive income and accumulated in a separate component of equity, with a reconciliation of the amount of such exchange differences at the beginning and end of the period.

Original summaries of the paragraphs (reference register), never a quotation of the standard.

1 question

• Which of the following disclosures about exchange differences must the entity provide? More than one answer.L3