Hi all,
My issue is this:
I am doing a standard statement of cash flows and I'm looking specifically at my investing activity. I've got a US denominated asset (I'm reporting in CAD) with an opening balance in USD translated at my opening FX rate. Through the period I have sold some of it (being a source of cash) and bought some more (being a use of cash). Now, if I'm doing my SCF in USD it's no big deal, but if I'm doing my SCF in CAD, how do I show that part of the change in balance in CAD which relates to my FX adjustment (I have reflected the FX adjust as P&L item)?
Hope I've made my query clear! Any help would be appreciated! Thanks in advance!