Forward contract
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 November 2013
How Forward contract is recognised in Financial statements?
CA Sanjeev Kumar
(Expert)
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.
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