IAS 21: The effects of changes in foreign exchange rates
The accounting standard IAS 21 sets out how reporting entities should include foreign currency transactions and foreign operations in their financial statements. Find articles, books and online resources providing quick links to the standard, summaries, guidance and news of recent developments.
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- Full-text standard
- Guidance and support from ICAEW
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- Online articles
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Full text standard
Unaccompanied version of IAS 21
The International Accounting Standards Board (IASB) provides free access to the consolidated unaccompanied international accounting standards for the current year through its website. Free registration is required.
This unaccompanied version does not include additional content that accompanies the full standard, such as illustrative examples, implementation guidance and bases for conclusions.
IAS 21 – The Effects of Changes in Foreign Exchange Rates
Timeline and summary from Deloitte IAS Plus, with information on related interpretations and amendments under consideration.
Foreign currencies and hyper-inflationary economies
Topic summary provided by PwC, giving latest developments and overview, a summary of the standard and links to relevant resources.
ICAEW guidance and support
Financial Reporting Faculty
The faculty offers assistance and support in IFRS, UK GAAP and other aspects of business reporting. It offers technical briefings and factsheets, IFRS and UK GAAP standards-trackers, plus practical advice from industry experts and working accountants.
IFRS checklists and model financial statements
Online disclosure checklists, general IFRS illustrative statements and compliance questionnaires collected by the ICAEW Library.
Company Reporting (Croner-i)
The ICAEW Library can provide examples of real-life company reports to help keep you up-to-date with reporting practices and benchmark your financial reporting compliance. As well as extracts from reports filed by all major public companies, Company Reporting also offers weekly CR Monitor Reports detailing changes to reporting practice and a broader monthly CR Review.
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The Library provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact email@example.com.
IFRS 2018: Interpretation and application of IFRS standards
This Wiley guide has been fully updated to help practitioners apply and comply with the latest international financial reporting standards. It provides detailed guidance along with illustrative examples. The chapter on foreign currency covers:
|21 October 2015||The IFRS Interpretations Committee proposes two new Interpretations
Press release from the IASB, issued on 21 October 2015, announcing draft interpretations on IAS 12 and IAS 21 that address uncertainty over income tax treatments and advance consideration of foreign currency transactions.
Articles are available to logged-in ICAEW members, ACA students and other entitled users.
Articles and books in the Library collection
- View a list of articles and books in our collection on IAS 21 and foreign currency translation accounting
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