Functional currency
id:
functional-currency-265-1582595
title:
Functional currency
text:
Functional currency refers to the main currency used by a business or unit of a business. It is the monetary unit of account of the principal economic environment in which an economic entity operates. International Accounting Standards (IAS) and U.S. Generally Accepted Accounting Principles (GAAP) provide rules for translation of foreign currency transactions and financial statements. SFAS 52 introduced the concept of functional currency, defined as "the currency of the primary economic environm
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Functional_currency
date created:
date modified:
2023-08-11T13:14:15Z
main entity:
{"identifier":"Q5508809","url":"https://www.wikidata.org/entity/Q5508809"}
image:
fields total:
13
integrity:
13