Foreign currency: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add links.) |
imported>Doug Williamson (Add link.) |
||
| (One intermediate revision by the same user not shown) | |||
| Line 19: | Line 19: | ||
* [[GBP]] | * [[GBP]] | ||
* [[JPY]] | * [[JPY]] | ||
* [[Premium]] | |||
[[Category:The_business_context]] | |||
[[Category:Financial_products_and_markets]] | |||
Latest revision as of 17:56, 29 December 2022
Any currency which is not the domestic currency.
The definition of a foreign currency depends on the point of view.
From the perspective of the UK, JPY would be a foreign currency.
Viewed from Japan, GBP would be the foreign currency.
Relevant accounting standards include Section 30 of FRS 102.
