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Forensic Accounting

What happens to translation gain/loss of underlying if I follow cash flow hedge accounting?


Suppose I have a foreign currency borrowing. I take CCIRS for the same to convert floating rate liability into fixed & hedging the foreign exchange risk as well. What treatment will happen for translation gain loss of underlying if I opt to follow cash flow hedge accounting?Will it not be translated as per IAS 21?

asked Apr 14, 2015 in IFRS 9 - Financial Instruments by anonymous

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