FRA- Multinational Operations (Current vs Temporal)

[300hoursoverand]

What is the reasoning behind translating from;
I/S —> Statement of R/E —> B/S under the current method
and
B/S—> I/S—> Statement of R/E under the temporal method

 

[S2000magician]

I wrote an article that may be of some help to you here: http://financialexamhelp123.com/current-rate-vs-temporal-why-two-methods/

 

[300hoursoverand]

Thanks a lot.

 

[S2000magician]

You’re welcome.