028: How to determine the functional currency when a company deals with more currencies?
by
Silvia
Imagine you sell in EUR, make purchases in INR and your loans are denominated in USD… what is your functional currency in this case? Learn here!
Foreign Currency
17
What closing rate to apply when more rates are available?
by
Silvia
What closing rate shall you select under IFRS when more rates are available at the reporting date (mid rate, sell rate, buy rate)? Find out here…
Recent Comments
- Bilal Muzammil on How to Account for Government Grants (IAS 20)
- Sitaaraam on How to account for financial guarantees under IFRS 9?
- Lakshan on IAS 23 Borrowing Costs Explained (2025) + Free Checklist & Video
- Silvia on Example: How to Consolidate
- Silvia on How to Account for Government Grants (IAS 20)
Categories
- Accounting Policies and Estimates (14) 14
- Consolidation and Groups (25) 25
- Current Assets (21) 21
- Financial Instruments (56) 56
- Financial Statements (54) 54
- Foreign Currency (9) 9
- IFRS Videos (74) 74
- Insurance (3) 3
- Most popular (6) 6
- Non-current Assets (55) 55
- Other Topics (15) 15
- Provisions and Other Liabilities (46) 46
- Revenue Recognition (26) 26
- Uncategorized (1) 1