yalo

No...

Remember

P - Presentation Currency (think Parent company)
F - Functional Currency (main form of business)
L - Local (where the sub is located)

If F & L are same, you translate using Current from L/F -> P
If P & F are same, you remeasure using Temporal from L -> P/F
If F / P / L are all different, you use both Current & Temporal. Temportal from L to F. Current from F to P.



Edited 1 time(s). Last edit at Thursday, June 2, 2011 at 05:31PM by yabbadabbadoo.