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Where do I get the exchange rate?

Posted by Jasper21 PM | on Fri, 09/03/2012 - 13:54  790  8 comments | report

Ltd Co client has a USD bank account.  I'm preparing 2011 annual accounts per FRSSE 2008 and I need to translate the value of the USD bank account as at 31st December 2011.  There are no forward contracts in place.  Which rate do I use?  Where do I get it from?

Many thanks

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Oanda.com

taxhound | Fri, 09/03/2012 - 13:56
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I Concur

RobBurnell | Fri, 09/03/2012 - 14:01
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Fab...

Jasper21 | Fri, 09/03/2012 - 14:04

That will be

taxhound | Fri, 09/03/2012 - 14:23
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The clue

Euan MacLennan | Fri, 09/03/2012 - 14:25
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I always use either ...

Old Greying Accountant | Fri, 09/03/2012 - 14:41
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An alternative......

tonyc | Fri, 09/03/2012 - 16:11
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SSAP 20 Foreign currency

Bridget.Russell | Fri, 09/03/2012 - 23:47