Foreign currency: Difference between revisions
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imported>Doug Williamson (Update for FRS 102) |
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* [[Forward foreign exchange rate]] | * [[Forward foreign exchange rate]] | ||
* [[FRS 102]] | * [[FRS 102]] | ||
* [[GBP]] | |||
* [[JPY]] | |||
Revision as of 07:51, 11 August 2016
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.
