FUNCTIONAL CURRENCY - generally, is the currency of record for any given entity. Within the context of ...
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Functional currency:
The currency of reference when converting a group's financial statements expressed in different foreign currencies. It is typically the currency of the country where the firm has its base or core operations.
Functional currency
As defined by FASB No. 52, an affiliate's functional currency is the currency of the primary economic environment in which the affiliate generates and expends cash.
Functional currency - Legal tender of the primary economic environment in which a company operates.
Functional distribution of income - The distribution of total national income among the major factors of production.
Functional Currency: The currency of the primary economic environment in which a foreign subsidiary operates and generates cash flow.
Funding Risk: The impact on project cash flow from higher funding costs or lack of availability of funds.
If your functional currency is not the U.S. dollar, make all income tax determinations in your functional currency. At the end of the year, translate the results, such as income or loss, into U.S. dollars to report on your income tax return.
Related: modified pass-throughs Functional currency As defined by FASB No. 52, an affiliate's functional currency is the currency of the primary economic environment in which the affiliate generates and expends cash.
one that requires settlement in a currency other than the entity's functional currency . A foreign currency transaction gain or loss is produced from redeeming receivables/payables that are fixed in terms of amounts of foreign currency received/paid.
Inflation is always and everywhere a monetary phenomenon and can only erode the real value of money (the functional currency inside an economy) and other monetary items. Inflation can not erode the real value of non-monetary items.
As defined by FASB No. 52, an affiliate's functional currency is the currency of the primary economic environment in which the affiliate generates and expends cash.
Fund assets ...
Thus, to consolidate the parent and sub first requires converting the sub's financial information into the reporting currency. Facts and circumstances will dictate whether the conversion process occurs by a process known as the functional currency ...
 See also: Pass-through, Banks, Expense, Ginnie Mae, Freddie Mac
  
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