1
Q
Assets and Liabilities
A
CLOSING RATE
2
Q
Equity items (except Retained Earnings)
A
SPOT RATE ON D.O.A / HISTORICAL RATE
3
Q
Revenues and Expenses
A
SPOT RATE ON D.O.T / AVERAGE RATE
4
Q
Retained Earnings
A
TRANSLATED BY COMPONENTS
5
Q
R.E, Beginning- Year of Acquisition
A
SPOT RATE ON D.O.A. / HISTORICAL COST
6
Q
Retained Earnings - Subsequent Years
A
R.E, Ending balance from last period
7
Q
P/L
A
SPOT RATE ON D.O.T / AVERAGE RATE
8
Q
Dividends
A
SPOT RATE on D.O.T
9
Q
Exchange differences are translation adjustments to be recorded as
A
OCI and shown as a component of the Shareholder’s Equity
ACCTG 301 - FOREX TRANSLATION
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