Temporal Method: Foreign Currency Remeasurement | Advanced Accounting | CPA Exam FAR скачать в хорошем качестве

Temporal Method: Foreign Currency Remeasurement | Advanced Accounting | CPA Exam FAR

Are you a CPA candidate or accounting student? Check my website for additional resources such PPT slides, notes, practice multiple choices, exercises and T/F questions. 🚀https://farhatlectures.com/ Connect with me on LinkedIn: ✔  / professorfarhat   💥Facebook: @accountinglectures ⬆Instagram Account: @farhatlectures Twitter: @farhatlectures Email: Mansour.farhat@gmail.com #CPAEXAM#ACCOUNTINGSTUDENT#ADVANCEDACCOUNTING The temporal method (also referred to as remeasurement) is appropriate when the functional currency is the U.S. dollar or when the foreign environment is highly inflationary. The current method (also referred to as translation) is appropriate when the functional currency is the local currency. If the functional currency is the currency of a third country, it is necessary to remeasure the accounts first into the functional currency using the temporal method and then to translate the accounts into U.S. dollars (the reporting currency) using the current method My website: https://farhatlectures.com/ Facebook page:   / accountinglectures   LinkedIn: https://goo.gl/Pp2ter Twitter:   / farhatlectures   Email Contact: Mansour.farhat@gmail.com