Current / noncurrent method

Current / noncurrent method
Under this currency translation method, all of a foreign subsidiary's current assets and liabilities are translated into home currency at the current exchange rate while noncurrent assets and liabilities are translated at the historical exchange rate, that is, the rate in effect at the time the asset was acquired or the liability incurred. The New York Times Financial Glossary

Financial and business terms. 2012.

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  • current/noncurrent method — The translation of all of a foreign subsidiary s current assets and liabilities ( liability) into home currency at the current exchange rate while noncurrent assets and liabilities are translated at the historical exchange rate; that is, the rate …   Financial and business terms

  • Текущий/нетекущий метод — метод пересчета валютных средств, при котором все текущие активы и обязательства дочерней структуры пересчитываются в национальную валюту головной компании по текущему обменному курсу, а нетекущие активы и обязательства пересчитываются по… …   Финансовый словарь

  • accounting — /euh kown ting/, n. 1. the theory and system of setting up, maintaining, and auditing the books of a firm; art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, etc.… …   Universalium

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