CORPORATE ACCOUNTING2Case Study A: 1. Determining the functional currency of the foreign subsidiaries with discussion onrelevant AASB sections:AUDThailandValue126.03 0.03841721 USDThailandValue133.19 0.03012956 USDAUDValue11.27 0.78740157 AUD 0.03826454 Difference 0.00015267 AUDVietnamValue117825.46 0.00005610 USDVietnamValue122722.11 0.00004401 USDAUDValue11.27 0.78740157 AUD 0.00005589 Difference 0.00000021 From the overall evaluation of the case study adequate currency use that could beconducted by Lotus limited for operating in Thailand and Vietnam. Moreover, the evaluationof the above table could directly help in identifying the currency, which might be used insupporting the company’s subsidiaries and projecting the relevant income generation, whichcould be archived by the organisation. In addition, the company could have used only twodifferent types of currency such as USD and AUD, as the overall benchmark for currencyexchange in both Thailand and Vietnam. This could eventually allow the organisation toproject the overall profitability that is obtained in two different countries (Halbouni andYasin 2016). The overall subsidiary of Lotus limited that is situated in Thailand and Vietnam

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