Foreign currency: Difference between revisions
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imported>Doug Williamson (Create the page to align with qualifications material.) |
imported>Doug Williamson (Update for FRS 102) |
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Viewed from Japan, GBP would be the foreign currency. | Viewed from Japan, GBP would be the foreign currency. | ||
Relevant accounting standards include Section 30 of FRS 102. | |||
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* [[Foreign exchange]] | * [[Foreign exchange]] | ||
* [[Forward foreign exchange rate]] | * [[Forward foreign exchange rate]] | ||
* [[FRS | * [[FRS 102]] | ||
Revision as of 11:58, 6 November 2015
Any currency which is not the domestic currency.
The definition of a foreign currency depends on the point of view.
From the perspective of the UK, JPY would be a foreign currency.
Viewed from Japan, GBP would be the foreign currency.
Relevant accounting standards include Section 30 of FRS 102.
