Hi ,

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.

Paul.

Hi,

I am going to sit P07 and P08 in November 2009 and got BPP study texts and revision kits published in 2008, so it doesnt contain changes in IAS which happened last year.

Who can advise where I can get online versions of books with updated standards and questions made accourding to it?

Thanks in advance.

From a consolidated breakfast, through an afternoon at the Royal Society of Arts, to a stampede out of London to avoid the tube strike, Wednesday was interesting to say the least.  And as for the parallel universe, read on…