Handbook: Foreign currency
Handbooks | June 2025
Latest edition: Our in-depth guide on accounting for foreign currency matters.
Our comprehensive handbook provides detailed guidance and interpretations of ASC 830, with illustrative examples and Q&As.
Applicability
- Companies that have transactions denominated in a foreign currency
- Companies that have operations in a foreign currency environment
Key impacts
Among other things, this June 2025 edition incorporates new or additional guidance on:
- whether uncertain tax positions are considered monetary or nonmonetary items;
- abandonment of an investment in a foreign entity; and
- intercompany transactions of a long-term investment nature.
Report contents
- Overview of accounting for foreign currency
- Functional currency
- Foreign currency transactions
- Translation of foreign currency financial statements
- Foreign currency derivatives and hedging foreign currency risk
- Presentation and disclosures聽
Download the document:
Foreign currency
Download PDFExplore more
Resource
Handbook: Derivatives and hedging
Latest edition: Our in-depth guide on derivatives and hedge accounting, with our latest interpretations.
Handbooks
乐鱼（Leyu）体育官网 handbooks that include discussion and analysis of significant issues for professionals in financial reporting.
Reference Library
In-depth analysis, examples and insights to give you an advantage in understanding the requirements and implications of financial reporting issues.
Meet our team
Subscribe to stay informed
Receive the latest financial reporting and accounting updates with our newsletters and more delivered to your inbox.
Accounting Research Online
Access our accounting research website for additional resources for your financial reporting needs.