Foreign Exchange Fluctuation loss or profit due to revaluation / purchase / sale of any
Asset or Liability is a non current item debited or credited to Profit and Loss Account
which should be adjusted to find Funds From Operation.
If the fluctuation is due to operating activities then ignore it.
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Businesses might be involved in foreign exchange related transactions in a couple of ways. To include foreign operations and foreign currency transactions in their financial statements, the transactions should be expressed and reported in financial statements in the reporting currency of the enterprise.
AS 11 The Effects of Changes in Foreign Exchange Rates deals with the reporting of foreign exchange transactions in the financial statements
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