Document ID: chunk:federal_register_of_legislation:F2022C00487:reg:17
Version: federal_register_of_legislation:F2022C00487
Segment Type: reg
Provision Reference: reg 17
Character Range: 13484–14259

17                    In some situations, another Standard might need to be applied to a regulatory deferral account balance that has been measured in accordance with an entity's accounting policies that are established in accordance with paragraphs 11–12 in order to reflect that balance appropriately in the financial statements. For example, the entity might have rate-regulated activities in a foreign country for which the transactions and regulatory deferral account balances are denominated in a currency that is not the functional currency of the reporting entity. The regulatory deferral account balances and the movements in those balances are translated by applying AASB 121 The Effects of Changes in Foreign Exchange Rates.

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