What Is Functional Currency?
Functional currency refers to the currency in the main economic environment in which the entity conducts economic activities.
Functional currency
Right!
- Chinese name
- Functional currency
- Foreign name
- functional currency
- Functional currency refers to the currency in the main economic environment in which the entity conducts economic activities.
- Generally speaking, the functional currency is the local currency of the country where most of the entity's business activities take place. However, in some cases, the functional currency may be the national currency of its parent company or the currency of a third country.