Accountancy Forum
  • Accountancy
  • Forum Home
  • Members
  • Team
  • Help
  • Search
  • Register
  • Login
  • Home
  • Members
  • Help
  • Search
Accountancy Forum The Profession Accounting and Audit v
« Previous 1 … 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 … 28 Next »
Purchasing in PKR, paying through $ account IAS 21

 
  • 0 Vote(s) - 0 Average
Purchasing in PKR, paying through $ account IAS 21
Star
Offline

Member

Posts: 181
Threads: 44
Joined: Feb 2009
Reputation: 0
#9
03-30-2009, 06:11 PM
Dear Kamran,

Agreed the differnce shall go to P&L in the form of gain or loss eventually.

I think there is involment of some sort of hedging in the transaction when exchange rate is agreed before the purchase through contract of sale or purchase.

What will be the accounting treatement when such contract of sale fall in one reporting period, purchase transaction in other reporting period and settlement in third reporting period. Reporting period is quarter.

Is the excecution of contract of sale in which exchange rate is fixed invites in the recognition of derivative because exchange rate is hedged through forward contract with seller.


Regards,

*
« Next Oldest | Next Newest »

Users browsing this thread: 1 Guest(s)



Messages In This Thread
Purchasing in PKR, paying through $ account IAS 21 - by Shahzad09 - 03-24-2009, 01:23 PM
[No subject] - by Shahzad09 - 03-25-2009, 10:53 PM
[No subject] - by kamranACA - 03-26-2009, 12:06 AM
[No subject] - by kamranACA - 03-26-2009, 05:36 PM
[No subject] - by Star - 03-27-2009, 06:50 PM
[No subject] - by kamranACA - 03-27-2009, 08:20 PM
[No subject] - by Star - 03-28-2009, 07:15 PM
[No subject] - by kamranACA - 03-28-2009, 08:13 PM
[No subject] - by Star - 03-30-2009, 06:11 PM
[No subject] - by kamranACA - 03-30-2009, 06:50 PM
[No subject] - by Shahzad09 - 03-31-2009, 05:19 PM
[No subject] - by kamranACA - 03-31-2009, 10:19 PM
[No subject] - by Shahzad09 - 10-26-2009, 08:29 PM
[No subject] - by maani - 10-28-2009, 03:40 AM
[No subject] - by Shahzad09 - 10-28-2009, 08:27 PM
[No subject] - by Shahzad09 - 11-02-2009, 01:08 PM
[No subject] - by maani - 11-03-2009, 06:17 AM

  • View a Printable Version
  • Subscribe to this thread
Forum Jump:

© 2002-2024 Accountancy. Copyrights of all content on this web site are owned by Accountancy except where indicated in source or copyright statements. Accountancy must be contacted for permission to copy or redistribute any material published on this website.

Linear Mode
Threaded Mode