Consolidating foreign subsidiary example

A subsidiary is a company that is controlled by another 'parent' company.

The subsidiary acts and operates like its own entity but it still is connected with the larger company.

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[IAS 21.1] The principal issues are which exchange rate(s) to use and how to report the effects of changes in exchange rates in the financial statements.Please note that you might need to also need to consider some other issues, such as is the net investment in the Mexican operations hedged?If yes, was it hedged using a derivative or non-derivative.Please read our cookie notice for more information on the cookies we use and how to delete or block them.The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected.This site uses cookies to provide you with a more responsive and personalised service.

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