(Answered) When it comes to translating the financial statements of

Management Studies

When it comes to translating the financial statements of entities in highly inflationary countries, which of the following approaches makes more sense and why?

1st option - Remeasure using the temporal method, even though the functional currency is the local currency for operation purposes.

2nd option - Restate for inflation and translate using the current rate method.

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Business Management, Management Studies

Category:- Business Management
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