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Functional Currency

The currency that an entity uses to record and measure its transactions. A functional currency is used to present the...

    Currency Translation Reserve

    A type of reserve that is created to account for foreign currency translation (currency translation). Such a translation involves the...

      Accounting Policy

      A set of principles, rules, bases, guidelines, conventions, and practices that an entity applies in the process of preparing and...

        FCTR

        It stands for foreign currency translation reserve; a type of reserve that is created to account for foreign currency translation...

          Foreign Currency Translation Reserve

          A type of reserve that is created to account for foreign currency translation (currency translation). Such a translation involves the...

            Legal Control

            A control (of an entity by a person or group) that is prescribed by law. For legal control to exist,...

              De Jure Control

              A control (of an entity by a person or group) that is prescribed by law. For de jure control to...

                Control In Substance

                The situation where control over an entity is established on the basis of influence rather than legal control (de jure...

                  Control In Fact

                  The situation where control over an entity is established on the basis of influence rather than legal control (de jure...

                    De Facto Control

                    The situation where control over an entity is established on the basis of influence rather than legal control (de jure...