IASB announces amendments to translation of financial information into hyperinflationary currencies
IASB announces amendments to translation of financial information into hyperinflationary currencies
The Internation Accounting Standards Board (IASB) has issued amendments to clarify how entities should translate financial information from a non-hyperinflationary currency into a hyperinflationary currency.
The amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates are effective for annual periods beginning on or after 1 January 2027 and may be adopted early.
The amendments may be accessed here.
The amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates are effective for annual periods beginning on or after 1 January 2027 and may be adopted early.
The amendments may be accessed here.