IAS 21 The Effects of Changes in Foreign Exchange Rates summary - still applies in 2024

Silvia is a good teacher. She is so eloquent in IFRSs. I am an icaew chattered accountant but I appreciate Silvia depth knowledge.

Finished rewatching, I have learned a lot as always 🤗

Thank you po Maam I really aplreciated this so hepful!

FOREX is one of the topics I find puzzling but the way you explained its principles has enlightened me. Although there are still parts I am confused about, I am sure they’ll be solved with a lil bit more reading. In any way, this is such a great video for a summary. Thanks!

Thank you so much, Ma'am Silvia, for this very informative video about IAS 21. Super easy-to-understand. God bless!

great explanation on IAS 21. thank you!

Made me understand the standard well. Thank you po for this video lect!

Hi, ma'am! Your discussion has helped me in understanding our lessons. Such a great help.

Thank you for this very informative video ma'am

Concise! Absolutely fantastic

You nailed it

IFRS toolkit ,is it available for Indian students who is preparing for dip IFRS

Hello 👋

Thank you so much for the this video it was helpful

Hello, what is unrealised gain / or loss and how to account for it in the books and FS...

Great Video. But let me talk about something important, I see that many young and old people make mistakes that I think they should not do. I believe that everyone young or old person should have an investment plan that will increase their financial returns from three figures to six figures. The investment can be your retirement plan or future plan, depending on what you want, but the most important thing is that you have an investment that is profitable.

hi silvia i am happy by your explanation and i have one question that is what is that is in IFRS 15 para 21.22 what is the difference between recognition of revenue at point in time or over time for example electricity sale that is given electric to the customer from month one 30 day which one is best to recolonization of revenue point in time or over time i am waiting your good response thank you in advance.

Very precise and useful

Is bank revaluation unrealised or realised under IFRS ? I couldn't find any information particularly on this item. Thanks in Advance

Thank you!

The video sound is pretty good, beyond my imagination

plese upload ias 41 video mam

Hi ma'am.
I'm a CA FINAL student. Your short summary video are helping me alot to revise the concept. I have a request can you make a playlist of all the IAS so that it will one stop search for everyone who see.
Thank you in advance.
Much appreciation of your work!
Love from INDIA 🇮🇳

Rose luisaga

Always giving you a like, even before watching you are the best always!

Cool! I made similar video but You did better! Haha . This channel has always been an inspiration for me

Thank you very much..

So precisely,

Functional currency is in which the company functions and presentation currency is in which the financial statement is presented.

1. All transactions will be translated into the spot (same day) rate.

2. All monetary Assets and liability (cash, bank, receivable & payable) will be translated as per the closing rate (the day in which f/s is prepared).

3. All non monetary items such as PPE, Building will be translated as per historical exchange rate in which it was purchased. Subsequently the non monetary Assets are measured as fair value. The exchange rate will be used at the date when FV was measured. Any differences will be presented in PL account & "other comprehensive Income".

Thanks!

Thank you so much.

when you said reclassify from equity to P&L , so by Equity you mean OCI to P&L or from Equity ( B/s ) to P&L

Ma'am your full lectures how many cost?