Advertising

Current / noncurrent method

• Under this currency translation method, all of a foreign subsidiary's current assets and liabilities are translated into home currency at the current exchange rate while non current assets and liabilities are translated at the historical exchange rate, that is, the rate in effect at the time the asset was acquired or the liability incurred.

 
 Embedded terms in definition
 Assets
Asset
Currency
Current assets
Exchange rate
Exchange
Foreign subsidiary
Foreign
Historical exchange rate
Liabilities
Liability
Time
 
 Related Terms
 

<< Currency swaps Current account >>

Ways to Cope Financially During and After a Big Change: Here are suggestions for staying focused and avoiding costly decisions during changing times. More...

The worst bankruptcy in the world is the person who has lost his enthusiasm. - H. W. Arnold

Advertising



Copyright 2009-2018 GVC. All rights reserved.