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ASC 830 provides guidance regarding how to account for a difference in the exchange rates used to account for foreign currency intercompany transactions. This can occur when an economy has multiple exchange rates as a result of exchange controls. See FX 5.5.3 for information on multiple exchange rates.

ASC 830-30-45-7

If unsettled intra-entity transactions are subject to and translated using preference or penalty rates, translation of foreign currency statements at the rate applicable to dividend remittances may cause a difference between intra-entity receivables and payables. Until that difference is eliminated by settlement of the intra-entity transaction, the difference shall be treated as a receivable or payable in the reporting entity’s financial statements.

Therefore, when a difference in the exchange rate used to account for intercompany transaction results in a mismatch between the amounts recorded by entities in a consolidated group, the difference should be recorded as an intercompany receivable or payable until the intercompany transaction is settled.
See FX 6.3.3 for an example that illustrates this guidance.

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