Tag
functional currency
AASB 121 Foreign Currency Translation: A Practical Guide for Australian Multi-Entity Groups
September 3, 2026
When the auditors reviewed the consolidated accounts of an Australian technology services group, they raised a flag on the New…
IAS 21 Foreign Currency Translation: The IFRS Guide for Multi-Entity Groups
August 26, 2026
The group’s year-end accounts showed a consolidated loss in other comprehensive income of £2.3 million that nobody in the audit…
US GAAP Foreign Currency Translation: A Practical Guide to ASC 830 for Multi-Entity Groups
August 23, 2026
The Australian subsidiary had been running profitably for three years. In its own accounts, denominated in Australian dollars, it had…
Why Every Entity Hit Its Target — But Your Consolidated E-commerce P&L Is Down
August 12, 2026
David is the CFO of a four-entity e-commerce group that sells lifestyle products across the UK, US, EU, and Australia.…
Currency Translation Under IAS 21, ASC 830 and FRS 102: What Changes Across Standards
August 8, 2026
The group had three subsidiaries in three countries, each reporting under a different accounting standard. The UK holding company reported…