ACCY308 Study guides, Class notes & Summaries
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ACCY308 Exam NZIAS 21/AASB 121 / IAS 21
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ACCY308 Exam NZIAS 21/AASB 121 / IAS 21 Why are financial statements translated from one currency to another? - Paragraph 3 of NZIAS 21/AASB 121 / IAS 21 It's to provide more relevant information to the users of the financial statements. Paragraph 3 of NZIAS21 / AASB 121 / IAS 21 - Translation of results and financial position of foreign operations for the purpose of including those results in the consolidated financial statements of a group, or to allow an investor to equity acco...
