- CFA Exams
- CFA Exam: Level II 2021
- Study Session 5. Financial Reporting and Analysis (1)
- Reading 15. Multinational Operations
- Subject 5. Remeasurement versus translation
CFA Practice Question
Which of the following foreign currency translation methods is allowable under current U.S. GAAP?
B. Monetary-Nonmonetary method.
C. Temporal method.
A. Current/Noncurrent method.
B. Monetary-Nonmonetary method.
C. Temporal method.
Correct Answer: C
The temporal and current rate methods are permissible under U.S. GAAP.
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