Forward contract
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 November 2013
How Forward contract is recognised in Financial statements?
09 November 2013
As per IAS-32, 39 & IFRS-7, 9 & 13, the disclosure is :
If unrealized gain then show in asset side,
If unrealized loss then show I liability side.
Unrealized gain/loss = market value less amortized cost.
If unrealized gain then show in asset side,
If unrealized loss then show I liability side.
Unrealized gain/loss = market value less amortized cost.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Traces Portal
- U/s.234E late fee- balated filing the TDS returns
- Capital Gain Incidents
- Form 121 of income tax
- Minor - PPF Rules Doubt
- Cheque bounce intimation letter
- Applicability of corporate governance provisions as per the SEBI LODR
- Tax on selling redeveloped resi property
- ESI Applicablility As per new wage code
- Closing sole proprietorship CA firm
- Minor Aadhar card cancelled
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
