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CMA Final · Corporate Financial Reporting · The Effects of Changes in Foreign Exchange Rates (Ind AS 21)

Paragraphs 58-60J of IAS 21 deal with effective date and transition. How are these paragraph numbers handled in Ind AS 21?

Ind AS 21 omits the content of paragraphs 58-60J, since they relate to effective date and transition, but retains the paragraph numbers so that its numbering stays consistent with IAS 21 and cross-references remain aligned.

  1. AThe paragraphs are included in full with Indian effective dates
  2. BThe paragraph content is not included, but the numbers are retained to keep consistency with IAS 21 paragraph numberingCorrect
  3. CThe paragraphs are renumbered and the later paragraphs shift up
  4. DThe paragraphs are replaced by a separate Appendix on effective dates

Explanation

The comparison states that paragraphs 58-60J of IAS 21 are not included in Ind AS 21 because they relate to effective date and transition. The paragraph numbers are retained to maintain consistency with IAS 21 numbering, so later numbering does not shift. The content is not reproduced.

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