Lesson · IFRS 18
Foreign exchange differences, derivatives and hedging: where they land
Classify a foreign exchange difference into the same category as the item that gave rise to it.
15 minutes Standard as at 22 October 2026
What you will be able to do
- Classify a foreign exchange difference into the same category as the item that gave rise to it
- Handle the gain or loss on the net monetary position in a hyperinflationary economy
- Classify gains and losses on a derivative that is not a designated hedging instrument
- Classify gains and losses on a designated hedging instrument and say when the classification follows the hedged item
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IFRS and SAM, one requirement at a time
Each week you get the Institute's new articles: one requirement of IFRS 17, IFRS 9, IFRS 15, IFRS 18 or SAM, worked on a South African case. You start with the free IFRS 18 readiness checklist, ten areas to work through before IFRS 18 takes effect, each with its paragraph reference.