Examples of 'functional currency' in a sentence
Meaning of "functional currency"
This phrase refers to the primary currency in which a company conducts its business operations and keeps its financial records. It is the currency that is used for measuring and reporting financial transactions and results. The functional currency is determined based on the economic environment in which the company operates and reflects the currency most relevant to its operations
How to use "functional currency" in a sentence
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functional currency
Functional currency and translation of foreign currencies.
You did not select a functional currency list.
Functional currency and foreign currency translation.
Recognize the functional currency of the firm.
Functional currency is the local country currency.
Factors to consider when determining functional currency.
The functional currency of the company is euro.
An entity does not have a choice of functional currency.
The functional currency of the entity is the dollar.
This is referred to as their functional currency.
The functional currency rate at the date of the transaction.
Each entity shall identify its functional currency.
Functional currency of functional currency of.
The values must be provided in the functional currency.
For an entity whose functional currency is not the currency of a.
See also
How you do this depends on your functional currency.
However the functional currency of the parent company is the euro.
Measured using that functional currency.
Between functional currency and foreign currency at the date of transaction.
Required to translate foreign currency items into functional currency.
Goodwill is valued in the functional currency of the entity acquired.
Use of presentation currency other than the functional currency.
Euro as its functional currency.
On transactions denominated in currencies other than the functional currency.
Goodwill is accounted for in the functional currency of the acquired entity.
Functional currency is the currency of the primary economic environment where.
Controlled foreign corporations having a functional currency other than.
Is the functional currency.
They maintain their financial statements using the functional currency.
Functional currency is the primary currency used by a business or business unit.
Funding in functional currency.
Entering into transactions in currencies other than their functional currency.
Is denominated in the functional currency of the entity entering into the transaction.
Translates amounts relating to derivatives from its functional currency to its.
Functional currency refers to the main currency used by a business or unit of a business.
Measuring all elements of the financial statements in the functional currency.
The functional currency of the majority of the foreign subsidiaries is their local currency.
Entity translates foreign currency items into its functional currency and.
In exceptional cases the functional currency of a foreign company may differ from its local currency.
You must make all federal income tax determinations in your functional currency.
The functional currency of the Venezuelan subsidiary is the bolivar.
In such a case the subsidiary is simply deemed to have revoked its functional currency election.
Establishing the functional currency for a Canadian holding company.
A company can decide to keep its records not in euros but in its functional currency.
The functional currency of the group аnd Bank is the latvian lat.
Income and expenses from certain foreign subsidiaries indexed to currencies other than the functional currency.
It is based in Andorra and its functional currency is the euro.
The functional currency of the Company and all of its subsidiaries is the rouble.
Determining Canadian tax results in an elected functional currency.
The functional currency of the Bank and its subsidiaries is the latvian lat.
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