Okana Ventures, Inc. - FORM 10-K - XML - IDEA: XBRL DOCUMENT - March 30, 2012



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v2.4.0.6
FOREIGN CURRENCY TRANSLATION
12 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
NOTE 7 - FOREIGN CURRENCY TRANSLATION

The Company has identified Canadian Dollars, CAD, as its functional currency. Transactions denominated in CAD are re-valued to the United States dollar equivalent, USD, as of the transaction date. CAD-denominated assets and liabilities are re-valued to USD as of December 31, 2011. The $1,852 effect of change in exchange rates, for assets and liabilities, from the transaction dates to December 31, 2011 is reported as Other Comprehensive Loss.

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