Briefly explain the factors to be considered when choosing the presentation currency of financial statements
- Whether the activities of the foreign operation are carried out as an extension of the reporting entity or are being carried out with significant degree of
- Whether the transactions with the reporting entity are high or low proportion of the foreign operation‟s activities.
- Whether cash flows from the activities of the foreign operation directly affects the cash flows of the reporting entity or
- Whether foreign operations is able to borrow and service its own debts