Accounting Standard â 11 Effects of Changes in ... - tnkpsc.com

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Example• Purchases of US $ 20000 made on 30.09.2004– US $ rate on 30.09.2004 is Rs. 48/-. Transaction to berecorded at this rate.• Payment made on 10.01.2005 at Rs. 47/- per US $– Difference of Rs. 20000/- to be recognised as income• Payment not made till 31.03.2005 but US $ rate isRs. 49/-– Difference of Rs. 20000/- to be recognised as expense17/05/2008 8
Financial Statements ofForeign Operations‣Integral foreign operations‣Non-integral foreign operations17/05/2008 9
Page 1 and 2: Accounting Standard - 11Effects of
Page 3 and 4: Objective‣ Which exchangerate to
Page 5 and 6: Foreign Currency TransactionInitial
Page 7: Recognition of ExchangeDifferencesT
Page 11 and 12: Non-integral Foreign Operations•
Page 13 and 14: Integral Foreign OperationsItemMone
Page 15 and 16: Disposal of Non-integralForeign Ope
Page 17 and 18: Forward Exchange ContractsItemProfi
Page 19 and 20: Disclosure‣Reconciliation of amou
Page 21: Thank You17/05/2008 21

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Accounting Standard â 11 Effects of Changes in ... - tnkpsc.com