Search Definitions

Exchange difference is the difference resulting from translating a given number of units of one currency into another currency at different exchange …

Exchange rate is the ratio of exchange for two currencies. …

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. (See AASB 13 Fair Value Measurement …

Foreign currency is a currency other than the functional currency of the entity. …

Foreign operation is an entity that is a subsidiary, associate, joint arrangement or branch of a reporting entity, the activities of which are based or conducted in a country or currency other than those of the reporting …

Functional currency is the currency of the primary economic environment in which the entity operates. …

A group is a parent and all its subsidiaries …

Monetary items are units of currency held and assets and liabilities to be received or paid in a fixed or determinable number of units of …

Net investment in a foreign operation is the amount of the reporting entity’s interest in the net assets of that operation. …

Presentation currency is the currency in which the financial statements are presented. …