Non-monetary items: Difference between revisions
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* [[IAS 21]] | * [[IAS 21]] | ||
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[[Category:Accounting,_tax_and_regulation]] | |||
Latest revision as of 00:25, 12 March 2023
Accounting for the effects of changes in foreign exchange rates.
Non-monetary items include property, plant, equity investments, stock (inventory) and similar assets and liabilities.
Under IAS 21, non-monetary items are translated at their historical foreign exchange rates, or the rate which applied when any subsequent fair valuation was undertaken.
