The QBank has a bunch of questions that have answers using Flow Effect and Holding Effect and Currency Translation Adjustments when talking about translating the balance sheets from a foreign sub’s functional currency to the parent’s reporting currency.
I’ve looked in the CFAI material and I can’t find any discussion of that.
Do we have to know this? It seems like it is a remnant from previous exams that Schweser has failed to remove.
Thoughts?作者: WarrenB1 时间: 2013-4-17 18:11
update qbank
those questions should go away!作者: lxwarr30 时间: 2013-4-17 18:11
Just want to make sure this is clear…Currency Translation Adjustment is not on the exam?作者: zephyranalyst 时间: 2013-4-17 18:11
CTA is definately on the exam; flow effect and holding effect are not.
