101 paragraphs found in AASB 121
An entity may carry on foreign activities in two ways. It may have transactions in foreign currencies or it may have foreign operations. In addition, an entity may present its financial statements in a foreign currency. The objective of this Standard is …
AusCF entities are: (a) not-for-profit entities; and (b) for-profit entities that are not applying the Conceptual Framework for Financial Reporting (as identified in AASB 1048 Interpretation of Standards ). For AusCF entities, the term ‘reporting entity’ …
The principal issues are which exchange rate(s) to use and how to report the effects of changes in exchange rates in the financial …
This Standard shall be applied: [1] (a) in accounting for transactions and balances in foreign currencies, except for those derivative transactions and balances that are within the scope of AASB 9 Financial Instruments ; (b) in translating the results and …
AASB 9 applies to many foreign currency derivatives and, accordingly, these are excluded from the scope of this Standard. However, those foreign currency derivatives that are not within the scope of AASB 9 (eg some foreign currency derivatives that are …
This Standard does not apply to hedge accounting for foreign currency items, including the hedging of a net investment in a foreign operation. AASB 9 applies to hedge …
This Standard applies to the presentation of an entity’s financial statements in a foreign currency and sets out requirements for the resulting financial statements to be described as complying with Australian Accounting Standards. For translations of …
This Standard does not apply to the presentation in a statement of cash flows of the cash flows arising from transactions in a foreign currency, or to the translation of cash flows of a foreign operation (see AASB 107 Statement of Cash Flows …
See also Interpretation 107 Introduction of the Euro , as identified in AASB 1048 Interpretation of Standards . …
The following terms are used in this Standard with the meanings specified: …