Accounting Standard â 11 Effects of Changes in ... - tnkpsc.com
Accounting Standard â 11 Effects of Changes in ... - tnkpsc.com
Accounting Standard â 11 Effects of Changes in ... - tnkpsc.com
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Integral Foreign Operations• Carries on bus<strong>in</strong>ess as if it were an extension <strong>of</strong>the report<strong>in</strong>g enterprise’s operations• Foreign operation only sells goods <strong>of</strong> report<strong>in</strong>genterprise only and remits the proceeds <strong>of</strong>report<strong>in</strong>g enterprise• Change <strong>in</strong> the exchange rate has an immediateeffect on the report<strong>in</strong>g enterprise’s cash flow fromoperations17/05/2008 10