Default Unrealized vs. Realized F/X Gain & Loss

[Monreal514]

In Canada I know that certain rules have changed in 2010 with IFRS being mandatory for publicly traded companies and the advent of PE GAAP for small private enterprises, who also have the choice to go with IFRS or PE GAAP. My question concerns the recording of F/X transactions and revaluation of foreign currency bank accounts and AR & AP accounts. Is it in fact true that that we no longer use ‘unrealized’ and that all transactions and revaluations are now considered ‘realized’?