POST Foreign Exchange Gains/Losses so they appear on the Operating Profit note?
Article ID
ias-4530
Article Name
POST Foreign Exchange Gains/Losses so they appear on the Operating Profit note?
Created Date
1st October 2007
Product
IRIS Accounts Production
Problem
Where do I post Foreign Exchange Gains/Losses so they appear on the Operating Profit note?
Resolution
Solution:
In order for Foreign Exchange Gains/Losses to appear AUTOMATICALLY on the Operating Profit note Postings should be made to either Account 97 (Exchange gains) OR 296 (Foreign exchange losses).
If postings are made to Alternative Accounts entries will need to be made entered manually via :
Edit | Data Screens | Notes to Financial Statements | Profit and Loss Items | Operating Profit/Loss | Disclosures
NB: For BOTH the Current and Comparative Years.
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