Foreign currency

From ACT Wiki
Revision as of 11:58, 6 November 2015 by Doug Williamson (Talk | contribs) (Update for FRS 102)

Jump to: navigation, search

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.

See also