Deloitte
Accounting Research Tool
...
Chapter 6 — Intra-Entity Transactions

6.1 Overview

6.1 Overview

Intra-entity foreign currency transactions can have unique effects on an entity’s financial statements, including the (1) creation and transfer of foreign currency risk from one entity in a consolidated group to another, (2) creation of transaction gains and losses that “survive” consolidation, and (3) application of exceptions to the general rules outlined in ASC 830. This chapter discusses the accounting effects of intra-entity transactions.