It was reported that Belarus cumulative inflation index will exceed 100%, which means that IAS 29 is
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It was reported that ‘Belarus’ cumulative inflation index will exceed 100%, which means that IAS 29
is likely to be applicable to Belarus up to 2014 . . . does not expect any significant microeconomic consequences of Belarus’ qualifying as a country with hyperinflationary economy, except for the significant deterioration in financial performance indicators of banks and enterprises applying IFRS.’
Discuss what financial performance indicators might be adversely affected by applying IAS 29.
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Related Book For 
Financial Accounting And Reporting
ISBN: 9781292255996
19th Edition
Authors: Barry Elliott, Jamie Elliott
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