POST Foreign Exchange Gains/Losses so they appear on the Operating Profit note?

Article ID

ias-4530

Article Name

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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