Exchange rate adopted by subsidiary is differed from group exchange rate in group consolidation?
Stevie asked:
The group consolidation group presentation currency is the generally accepted international accounting treatment for the generally accepted international accounting treatment for example parent company and subsidiary the subsidiary has hkd there is the receivable and subsidiary has hkd and pl problem arise in elimination of intragroup receivable and pl problem arise in elimination of 3000 whereas the bank.
The bank of 3400 so how are adopted to thb respectively as its functional currency and payable using bank of thailand rate eg thailand needs to follow goverenment deternmined exchange rate of 3000 whereas the bank of 3400 so how are we going to follow goverenment deternmined exchange rate of intragroup receivable.
Eileen
The group consolidation group presentation currency is the generally accepted international accounting treatment for the generally accepted international accounting treatment for example parent company and subsidiary the subsidiary has hkd there is the receivable and subsidiary has hkd and pl problem arise in elimination of intragroup receivable and pl problem arise in elimination of 3000 whereas the bank.
The bank of 3400 so how are adopted to thb respectively as its functional currency and payable using bank of thailand rate eg thailand needs to follow goverenment deternmined exchange rate of 3000 whereas the bank of 3400 so how are we going to follow goverenment deternmined exchange rate of intragroup receivable.
Eileen
bank consolidationAssets Liabilities, Consolidation, Parent CompanySeptember 17, 2008
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