General Accounting Questions

0 Vote(s) - 0 Average

General Accounting Questions

wsafca
Offline

Member

Posts: 83
Threads: 9
Joined: Aug 2009
Reputation: 0

08-22-2009, 12:25 AM

IAS 21 somewhere mentions that

The primary economic environment in which an entity operates is normally the one in which it primarily generates and expends cash.

I think in the present scenario company is generating cash in foreign currency, USD

Isn't then the functional currency be considerd as USD?

« Next Oldest | Next Newest »

Users browsing this thread: 1 Guest(s)

Messages In This Thread

General Accounting Questions - by wsafca - 08-19-2009, 12:32 AM

[No subject] - by wsafca - 08-19-2009, 11:32 PM

[No subject] - by nabeelanwer - 08-20-2009, 03:49 AM

[No subject] - by faisal_desperado - 08-20-2009, 04:35 AM

[No subject] - by faisal_desperado - 08-20-2009, 04:40 AM

[No subject] - by wsafca - 08-21-2009, 01:02 AM

[No subject] - by nabeelanwer - 08-21-2009, 03:12 PM

[No subject] - by wsafca - 08-22-2009, 12:25 AM

[No subject] - by wsafca - 08-22-2009, 03:03 AM