...transactions. The new statement required that assets, liabilities, and operations of an entity be stated in the currency of the primary economic environment in which the entity operates (termed, the "functional currency"). If a foreign entity has not kept its financial records in the...

...transactions. The new statement required that assets, liabilities, and operations of an entity be stated in the currency of the primary economic environment in which the entity operates (termed, the "functional currency"). If a foreign entity has not kept its financial records in the...

...its functional currency concept, defined as the currency of the primary economic environment within which the entity operates, 'normally that is, the...the environment in which the entity generates and expends cash'. The temporal approach is allowed only where the functional currency of the foreign enterprise...

...tabular information requirements. 47 For purpose of Item 305 end Item 9A. brnoioaal currency means tbe currency of the primary economic environment in which...normally, that is the currency of the environment in which an entity primarily generates and expends cash. This definition is the same as the definition of functional...

...undrawn but committed borrowing facilities. This table should disclose those amounts expiring: 10 A functional currency is defined as the currency of...economic environment in which the entity operates and generates net cash flows. Therefore, a production center or a sales division located in a foreign...

...shall be measured using the functional currency of that entity. An entity's functional currency is the currency of the primary economic environment in...the currency of the environment in which the entity primarily generates and expends cash." (FAS 52, para. 5) Once the functional currency for a foreign...

...definieert dit begrip als volgt: "An entity's functional currency is the currency of the primary economie environment in which the entity operates ; normally, that is the currency of the environment in which an entity primarily generates and expends cash" FAS n° 52 Foreign Currency Translation. Appendix E....

...denominated in each currency, analysed by reference to the functional currencies of the operations involved. The functional currency is defined as 'the currency of the primary economic environment in which an entity operates and generates cash flows'. The purpose of this disclosure is to show an analysis...

...require special attention by overseas contractors. Functional Currency FAS-52 defines functional currency as "the currency of the primary economic environment in which the entity operates." The functional currency of an entity is a matter of fact, but determining the "primary economic environment"...

...financial statements. It need not be the local currency of entity. 20.3.2 The functional currency is the currency of the primary economic environment in which the entity operates, for example, • currency that mainly influences sales prices, • currency of country whose competitive...