[DZagt]

I cant make it stick as to which items get applied which rates when remeasuring or translating.

Thanks!

[theunexperienced]

I would like to know this as well.

FAR - 75 (2/25/16)
AUD - 80 (4/8/16)
REG - 80 (6/10/16)
BEC - 79 (7/19/16)

You only get one shot with the spirit bomb.

[Spartans92]

Can you give a specific example? I recall translation is functional and Re-measurement is dysfunctional. Normally it goes from Income Statement to Balance sheet.

BEC- PASS

[bravesfannc]

I was studying FAR while on vacation and was having a very difficult time remembering foreign currency transactions. So my wife came up with ones that helped me remember.

When the Functional Currency is the Dollar, and remeasure to the IS (If FCD, then R IS) her's was Frank Can't Dance, Remeasure the Inhibiting Shoes.

Then when the Functional Currency is Foreign, translate to OCI (If FCF, T to OCI) . She came up with Frank Can't Fart, Tried to Open Can of Indigestion. We have laughed and laughed about this one, but it works.

– See more at: https://www.another71.com/cpa-exam-forum/topic/fun-topic-what-is-your-funniest-mnemonic-for-the-cpa-exam#sthash.H2WJnTIK.dpuf

FAR - 84 - 11/14/15
AUD - 76 - 2/6/16
BEC - 73 - 7/13/16
REG - TBD

[Author]

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