Accounting Currency
/ˈæk.aʊn.tɪŋ ˈkʌrən.si/
Definitions
- (n.) The currency in which a company's financial statements are prepared and reported.
The company's accounting currency is the US dollar, so all transactions are converted accordingly.
Forms
- accounting currency
Related terms
See also
Commentary
In legal and financial contexts, specifying the accounting currency is crucial for regulatory compliance and consistency in financial disclosures.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.