Translation of Financial Statements in Other Currency according to IFRS because of Business Combination

Převod účetní závěrky na jinou měnu podle IFRS pro potřeby mezinárodních podnikových kombinací

Marie Zelenková

Český finanční a účetní časopis, 2010, vol. 2010, issue 4, 42-52

Abstract: Translation of financial reports into other currency is inconsistent area of financial reporting. There are lots of ways of such translation. This paper deals with classification of methods of translation of financial reports into other currency and also deal with development of IFRS approach in this. An entity is required to translate its financial statements (i.e. results and financial position) from its functional currency into a presentation currency (or currencies) using the method required for translating a foreign operation for inclusion in the reporting entity's financial statements. Exchange differences arising on translating financial statements in other currency. This paper deals also with reporting of this exchange differences.

Keywords: Functional currency; Reporting currency; Business combination; Translation of financial reports into other currency; Presentation currency; Funkční měna; Měna použitá pro vykazování; Podnikové kombinace; Převod účetní závěrky na jinou měnu; Vykazovací měna (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2010
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://cfuc.vse.cz/doi/10.18267/j.cfuc.85.html (text/html)
http://cfuc.vse.cz/doi/10.18267/j.cfuc.85.pdf (application/pdf)
free of charge

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:prg:jnlcfu:v:2010:y:2010:i:4:id:85:p:42-52

Ordering information: This journal article can be ordered from
Český finanční a účetní časopis, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3
http://cfuc.vse.cz

DOI: 10.18267/j.cfuc.85

Access Statistics for this article

Český finanční a účetní časopis is currently edited by Karel Brůna

More articles in Český finanční a účetní časopis from Prague University of Economics and Business Contact information at EDIRC.
Bibliographic data for series maintained by Stanislav Vojir ().