Financial Definition of Functional Currency
Meaning of 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.
Related Entries of Functional Currency in the Encyclopedia of Law Project
Browse or run a search for Functional Currency in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Functional Currency in Historical Law
You might be interested in the historical meaning of this term. Browse or search for Functional Currency in Historical Law in the Encyclopedia of Law.
Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Functional Currency in the Legal Abbreviations and Acronyms Dictionary.
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Functional Currency in the Dictionary | Functional Currency in our legal dictionaries |
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Legal Maxims | Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law |
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Related topics | Functional Currency in the World Encyclopedia of Law |
What is Functional Currency?
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https://legaldictionary.lawin.org/functional-currency | The URI of Functional Currency (more about URIs) |
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