Presentation Currency
/ˌprɛzənˈteɪʃən ˈkɜːrənsi/
Definitions
- (n.) The currency in which financial statements are presented or reported by a business entity.
The company's presentation currency is the US dollar, affecting how its international subsidiaries' accounts are converted for reporting.
Forms
- presentation currency
Related terms
See also
Commentary
Presentation currency differs from functional currency; it is the currency chosen for official financial reporting, which may impact consolidation and disclosure requirements.
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.