I wonder if any one can clear this up for me. I am trying to work out where to account for exchange rate differences. Sometimes it is accounted for in the Income statement (November 2006 paper), and then other times it is accounted for in the Statement of changes in equity(November 2008 paper)
Is there a general rule to this. I seem to have come against a brick wall on this. I have tried to read the standard on this, but as always it seems to make me more confused.
Hope someone can clear this up for me.