Functional Currency Definition | Becker
Accounting Dictionary
Functional Currency
- The functional currency is the currency of the primary economic environment in which an entity operates, usually the local currency or the reporting currency. See also reporting currency and translation and remeasurement. The currency of the primary economic environment in which the entity operates.
Related Terms:
Reporting Currency [FARBAR]Translation [FARBAR]Remeasurement [FARBAR]Back to Dictionary