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Primary Currency

The currency in which the financial statements of an entity are prepared and presented. It is the currency that an...

Accounting Currency

The currency in which the financial statements of an entity are prepared and presented. It is the currency that an...

Reporting Currency

The currency in which the financial statements of an entity are prepared and presented. It is the currency that an...

Presentation Currency

The currency in which the financial statements of an entity are prepared and presented. It is the currency that an...

Functional Currency

The currency that an entity uses to record and measure its transactions. A functional currency is used to present the...

Currency Translation Reserve

A type of reserve that is created to account for foreign currency translation (currency translation). Such a translation involves the...

Accounting Policy

A set of principles, rules, bases, guidelines, conventions, and practices that an entity applies in the process of preparing and...

FCTR

It stands for foreign currency translation reserve; a type of reserve that is created to account for foreign currency translation...

Foreign Currency Translation Reserve

A type of reserve that is created to account for foreign currency translation (currency translation). Such a translation involves the...

Legal Control

A control (of an entity by a person or group) that is prescribed by law. For legal control to exist,...