Division Amendment to IAS 21 The Effects of Changes in Foreign Exchange Rates
United Kingdom
This document sets out amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates. The amendments finalise proposals that were contained in Draft Technical Correction 1 Proposed Amendments to IAS 21 Net Investment in a Foreign Operation published in September 2005.
An entity shall apply the amendments in this document for annual periods beginning on or after 1 January 2006. Earlier application is encouraged.