[canfinishthis2013]

what’s the real difference of foreign currency in the continuing operations or in the OCI?

How to distinguish them?

FAR PASSED Feb 28, 2013
AUD Oct 27,2013
REG Jan 7,2014
BEC Nov 15,2013

[mrwills12]

One you recognize gains and loses against income and one gets put on the balance sheet to be recognized later. It all depends on the method that you use to translate the foreign currency (Either the current method or the temporal method).. I am assuming you are talking about foreign subsidiaries…

FAR - 88 (Jul 2012)
AUD - 85 (Oct 2012)
BEC - 82 (Nov 2012)
REG - 92 (Jan 2013) DONE!

Using Becker Self Study 2012

[musicamor]

OCI: cumulative translation gain/loss on foreign currency financial statements

I/S: Operational foreign exchange rate differences

Texas CPA - licensed in 2012!!!

[Author]

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