FIN-CS Currency Translation - Profit & Loss

Dear Community,

regarding Currency Translation from Local Currency into Group Currency amounts, I/we wonder whether day rate conversions (from Accounting - ACDOCA throughout the accounting period) is recommended for P&L (Income Statement), literature (IAS) suggests this (see attached).

• Balance Sheet at Closing (CLO) rate
• Profit & Loss at Day (M) rate

We expect currency difference in eg BS accumulated depreciation vs PL depreciations. Kindly share your experience.

Best regards,

Frank

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