[nilesh]

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Hii sir, I Wants to get the Information About the International Accounting Standard 29 Will you Please Provide It ?

[vikash]

As you Asking for the Information About the International Accounting Standard 29 the Standard 29 Are


This Standard shall be applied to the financial statements, including the consolidated financial statements, of any entity whose functional currency is the currency of a hyperinflationary economy.

This Standard does not establish an absolute rate at which hyperinflation is deemed to arise. It is a matter of judgement when restatement of financial statements in accordance with this Standard becomes necessary.


Statement Of Financial Position
11 Statement of financial position amounts not already expressed in terms of the measuring unit current at the end of the reporting period are restated by applying a general price index.

Statement of comprehensive income
26 This Standard requires that all items in the statement of comprehensive income are expressed in terms of themeasuring unit current at the end of the reporting periode.

Gain or loss on net monetary position 27
In a period of inflation, an entity holding an excess of monetary assets over monetary liabilities loses purchasing power and an entity with an excess of monetary liabilities over monetary assets gains purchasing power to the extent the assets and liabilities are not linked to a price level.

Statement of cash flow
33 This Standard requires that all items in the statement of cash flow are expressed in terms of the measuring unit current at the end of the reporting period.

For more Information you may Consider the below Attachement that is Free to Download

International Accounting Standard 29