Foreign Currencies

This client screen is used for Limited companies.

It can be found in:

Edit | Data Screens | Notes to Financial Statements | Accounting policies | Alternative Accounting Policies | Foreign Currencies

If you want to show this policy tick the option.

The standard wording that is generated is as follows:

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.

You can add further information or amend the standard text. The heading can also be altered.

Reports

Use this option to view or print any report without leaving this screen.

IRIS will return to the Foreign Currencies screen when you exit the report option.

To view the notes only enter NOI in the Report/Document field.