Accounting Standards Board The Institute of Chartered Accountants of India 21st February, 2023 |
ANNOUNCEMENT Release of Educational Material on Ind AS 21, The Effects of Changes in Foreign Exchange Rates |
Ind AS 21 prescribes how to include foreign currency transactions and foreign operations in the financial statements of an entity and how to translate the financial statements into presentation currency. It also provides guidance on which exchange rates(s) to use and how to report the effects of changes in Exchange rates in the financial statements. |