I think is not possible to change the presentation currency as this decision belongs to management and also is forceble by laws in my country.
I thought if there exist any loophole which allows me to not recognise the loss in P&L, but instead in Other Comprehensive income.
But IAS 21 specifies that these gains and losses are to be recognised in P&L
My answers
Thanks John,
I think is not possible to change the presentation currency as this decision belongs to management and also is forceble by laws in my country.
I thought if there exist any loophole which allows me to not recognise the loss in P&L, but instead in Other Comprehensive income.
But IAS 21 specifies that these gains and losses are to be recognised in P&L
Free not, but who said not with a discount?
We do have accountant, but this an issue which we stucked with it.
No need to be so mean!