functional currency การใช้

• It then prepares periodic reports of its position ( balance sheet ) and activity ( income and cash flow statements ) in that functional currency.
• Sometimes the term " base currency " may also refer to the [ functional currency ] of a bank or company; usually their domestic currency.
• Each "'qualified business unit ( QBU ) "'of the business translates these items to its functional currency at an appropriate exchange rate.
• Transactions are often translated at the "'spot rate "', i . e ., the rate of exchange between the transaction currency and the functional currency on the date of the transaction.
• SFAS 52 introduced the concept of "'functional currency "', defined as " the currency of the primary economic environment in which the entity operates; normally, that is, the currency of the environment in which an entity primarily generates and expends cash ."
• Payments in money for these items are normally inflation-adjusted by means of the consumer price index ( CPI ) to compensate for the erosion of the real value of money ( the monetary medium of exchange ) by inflation only on an annual not daily basis . " 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.
• In August Federal Judge Amos Mazzant of the Eastern District of Texas of the Fifth Circuit ruled that bitcoins are " a currency or a form of money " ( specifically securities as defined by Federal Securities Laws ), and as such were subject to the court's jurisdiction, and Germany's Finance Ministry subsumed Bitcoins under the term " unit of account "  a financial instrument though not as e-money or a functional currency, a classification nonetheless having legal and tax implications.
• On 6 August 2013, Federal Judge Amos Mazzant of the Eastern District of Texas of the Fifth Circuit ruled that bitcoins are " a currency or a form of money " ( specifically securities as defined by Federal Securities Laws ), and as such were subject to the court's jurisdiction, and Germany's Finance Ministry subsumed Bitcoins under the term " unit of account "  a financial instrument though not as e-money or a functional currency, a classification nonetheless having legal and tax implications.
• On 6 August 2013, Federal Judge Amos Mazzant of the Eastern District of Texas of the Fifth Circuit ruled that bitcoins are " a currency or a form of money " ( specifically securities as defined by Federal Securities Laws ), and as such were subject to the court's jurisdiction, and Germany's Finance Ministry subsumed bitcoins under the term " unit of account "  a financial instrument though not as e-money or a functional currency, a classification nonetheless having legal and tax implications.