Login

Remember

Register

Register Free
Q&A
Hot!
Unanswered
Tags
Users
Ask a Question
IFRSs
FAQ

Forex trading - are there specific accounting rules?

asked Jan 11, 2018 in General Accounting Q&A by Johan

Forex trading - are there specific accounting rules to accounting for forex trading and profits thereof?

I use the this forex robot to make trading.

forex accounting

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 like 0 dislike

answered Jan 11, 2018 by Visio Level 5 Member (29.1k points)

There is no specific accounting standard for forex. Profits and losses are accounted as in any other trading profit or loss

Please log in or register to add a comment.

Related questions

0 answers

How to treat Forex Transactions for 1) Credit Notes for full or partial reversal of AR & 2) W/offs of AR

asked Jul 6, 2020 in IAS 21 - The Effects of Changes in Foreign Exchange Rates by HAM

forex accounting

1 answer

Asset decommissioning requirements - IFRS accounting rules

asked Aug 12, 2016 in IAS 16 - Property, Plant and Equipment by anonymous

fixed-assets
decommissioning

1 answer

Are there any countries where IFRS 9 is already fully applied (for annual reports of 2016 or earlier)?

asked Mar 30, 2017 in IFRS 9 - Financial Instruments by anonymous

hedge-accounting
expected-credit-loss
impairment
ecl
early adoption

1 answer

Why there are so many IFRS?

asked Mar 6, 2013 in General IFRS Discussion by anonymous

iasb

1 answer

What are allowable deductions?

asked Oct 5, 2017 in General Accounting Q&A by MOSES

Welcome to AccountantAnswer Forum, where you can ask questions and receive answers on Accounting-related questions.

Get AccountantAnswer App

Categories

All categories
IFRS Accounting Q&A (708)
US GAAP Accounting Q&A (13)
General Accounting Q&A (24)

Send feedback
Privacy
Contact

Snow Theme by Q2A Market

Powered by Question2Answer

...