Process costing and Remeasurement: Difference between pages
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1. ''Financial reporting''. | |||
A reassessment of the value of an asset or liability already recorded in an entity's financial records. | |||
2. ''Foreign currency accounting''. | |||
The retranslation of foreign currency denominated assets and liabilities to a reporting entitity's functional currency at a financial reporting period end date. | |||
== See also == | == See also == | ||
* [[ | * [[Currency]] | ||
* [[Financial reporting]] | |||
* [[Foreign exchange]] | |||
* [[Other comprehensive income]] | |||
* [[Revaluation]] |
Revision as of 15:48, 22 October 2020
1. Financial reporting.
A reassessment of the value of an asset or liability already recorded in an entity's financial records.
2. Foreign currency accounting.
The retranslation of foreign currency denominated assets and liabilities to a reporting entitity's functional currency at a financial reporting period end date.