Current method (Hyperinflation): Page- 266, Example-7 in the curriculum

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cfa2014

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Sorry, moderator- for some reason i cant see my post that i posted yesterday so posting it again:
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It seems to me that when current method is applied in hyperinflation condition (Page- 266, Example-7 in the curriculum), then one needs to translate the Balance Sheet first and then the IS
However, in the normal cases, Current Method requires you to translated IS & RE first (Page-249 in curriculum) and then the Balance Sheet.
Does the above sounds correct ?
 
This is schweser’s typo.
Current exchange rate is applied instead of current rate method in hyperinflation condition.
 
Not sure what you mean- Yes in current method we apply current rates
Sorry but all the pages above are from CFA curriculum…including the examples..
 
I think that under hyperinflation in IFRS you need to translate the non monetary assests/liablities and then use current rate method.
 
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