Dear All,
Im presently working on Consolidation of Foreign Subsidiary (Holding Co. being Indian Company).
I have a query with regards Consolidated Cash Flow (AS3).
How will foreign exchange gain/loss be given effect for various items like change in working capital items, etc. be given ? How to record them (At what rate ?) How to restate them (At what rate) ?
Please explain the same in detail.
Regards,
Nihar Dharod