## Overview

This module covers foreign currency accounting and fair value measurement, including functional vs presentation currency, monetary vs non-monetary items, and fair value hierarchy. Topics include exchange differences, net investment, and valuation techniques.

## 1. Foreign currency transactions (IAS 21)

- [Functional vs presentation currency](acca-fr-foreign-currency-transactions-ias-21-functional-vs-presentation-currency.md)
- [Monetary vs non-monetary items](acca-fr-foreign-currency-transactions-ias-21-monetary-vs-non-monetary-items.md)
- [Exchange differences: recognition and disposal](acca-fr-foreign-currency-transactions-ias-21-exchange-differences-recognition-and-disposal.md)

## 2. Translation of foreign operations (IAS 21)

- [Net investment and other comprehensive income](acca-fr-translation-of-foreign-operations-ias-21-net-investment-and-other-comprehensive-income.md)
- [Group translation basics](acca-fr-translation-of-foreign-operations-ias-21-group-translation-basics.md)
- [Disposals and recycling](acca-fr-translation-of-foreign-operations-ias-21-disposals-and-recycling.md)

## 3. Fair value measurement (IFRS 13)

- [Fair value hierarchy (Levels 1-3)](acca-fr-fair-value-measurement-ifrs-13-fair-value-hierarchy-levels-1-3.md)
- [Valuation techniques and inputs](acca-fr-fair-value-measurement-ifrs-13-valuation-techniques-and-inputs.md)
- [Disclosure requirements](acca-fr-fair-value-measurement-ifrs-13-disclosure-requirements.md)


Free ACCA FR Foreign Currency and Fair Value Study Guide