One of the frequent criticisms of ssap 20nbspforeign, Ask an Expert

Accounting

One of the frequent criticisms of SSAP 20, Foreign currency translation, is that exchange differences on net investments in foreign enterprises, and on borrowings which are a hedge, never pass through the profit and loss account.

Discuss the validity of this criticism and suggest a possible solution to the perceived problem.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91625413

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