Discuss how your company applies the accounting standard for the Foreign Currency Transaction, for example, (but not limited to) the method to be applied for translating financial statements and how the company accounts for the Foreign Currency Transaction for financial year 2021 in comparison, to the previous 2020 financial year.

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I have chosen Wilmar International Limited and uploaded annual reports of this company for 2020 and 2021. A 3-minute presentation is required based on the following question:

Discuss how your company applies the accounting standard for the Foreign Currency Transaction, for example, (but not limited to) the method to be applied for translating financial statements and how the company accounts for the Foreign Currency Transaction for financial year 2021 in comparison, to the previous 2020 financial year.

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