When should the functional currency of a local entity (that is part of a MNC) be different from the local currency?

أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.

تم إضافة السؤال من قبل Shyam Sundar Krishnamoorthy , Senior Financial Analyst , Pentair Valves & Controls
تاريخ النشر: 2015/08/16

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من قبل Aqid Hussain , Internee , State Bank of Pakistan - Banking Services Corporation

When the parent of the firm is located in the country other than the country in which the firm concerned is located.

If any company functional currency and presentation currency is different, non monetary assets should be translated at which exchange rate?
أفضل جواب: <p>Actually in this company in a parent company, what should be treatment at standalone level? and ... الإطلاع على المزيد

أجوبة (3)
What is the difference between functional currency and presentation currency?
أفضل جواب: IAS21 definebs functional currency as the currebcy of the primary economic environment in which the entit ... الإطلاع على المزيد

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What Does Meaning of " Functional Currency"?
أفضل جواب: Functional currency is the principal (most used) currency used by the entity e.g. a Tea brokerage house i ... الإطلاع على المزيد

أجوبة (4)
Hello all I've a question regarding multi-currency in accounting ?
أفضل جواب: Both Parent and subsidiary companies are separate entities and accounting policy both are recording USD t ... الإطلاع على المزيد

أجوبة (1)

هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟