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 >>

Practical Advice for Everyone on How to Save and Manage Money: No matter how old or young you are, there are some basic things you can do to better manage and protect your money. Here are recommendations from FDIC Consumer News. More...

Do, or do not. There is no 'try.' - Jedi Master Yoda

Advertising



Copyright 2009-2019 GVC. All rights reserved.