标题: Hyper inflation under U.S. GAAP (multinational) [打印本页] 作者: rohitdoshi 时间: 2011-7-13 16:03 标题: Hyper inflation under U.S. GAAP (multinational)
Correct me if I'm wrong....if local currency not equal functional currency, then under U.S. GAAP, translate using temporal, with or without hyperinflation. Under IFRS, reinstate if there is hyperinflation, then do the check for local=functional or not. No?作者: ninja1024 时间: 2011-7-13 16:03
Restate then use current rate under IFRS.
US GAAP does not require restatement for inflation.作者: giants2010 时间: 2011-7-13 16:03
The way I am reading this is that for U.S., if local currency equals functional currency, you don't do current rate method (do temporal), if there is hyperinflation. Is this correct? Normally, you would translate using current rate if local currency equals functional currency.
