Monetary/non-monetary method: Difference between revisions
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imported>Doug Williamson (Mend link.) |
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A foreign currency translation method. | A foreign currency translation method. | ||
Non-monetary assets and liabilities are translated at their historical exchange rates, while monetary items are translated at current exchange rates. | Non-monetary assets and liabilities are translated at their historical exchange rates, while monetary items are translated at current exchange rates. | ||
== See also == | == See also == | ||
* [[Exchange rate]] | * [[Exchange rate]] | ||
*[[Foreign currency]] | |||
*[[IAS 21]] | |||
*[[Monetary]] | |||
*[[Monetary asset]] | |||
*[[Monetary liability]] | |||
*[[Non-monetary items]] | |||
*[[Translation]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
Latest revision as of 00:29, 12 March 2023
A foreign currency translation method.
Non-monetary assets and liabilities are translated at their historical exchange rates, while monetary items are translated at current exchange rates.
