Monetary/non-monetary method: Difference between revisions

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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.


See also