https://gdpark.blog/tags/functional-currency/Recent content in Functional-Currency on gdpark.blogHugoenTue, 28 Jan 2025 00:00:00 +0000https://gdpark.blog/posts/cfa-l2-40-foreign-currency-translation-types-of-currency/Mon, 27 Jan 2025 00:00:00 +0000https://gdpark.blog/posts/cfa-l2-40-foreign-currency-translation-types-of-currency/A quick breakdown of the three currency types you need for translation — local, functional, and presentation — using Samsung as the running example.https://gdpark.blog/posts/cfa-l2-41-the-current-rate-method/Tue, 28 Jan 2025 00:00:00 +0000https://gdpark.blog/posts/cfa-l2-41-the-current-rate-method/A quick rundown of the Current Rate Method — when to use it, how to translate I/S before B/S, and how to make sense of AOCI without overcomplicating it!!https://gdpark.blog/posts/cfa-l2-42-the-temporal-method/Tue, 28 Jan 2025 00:00:00 +0000https://gdpark.blog/posts/cfa-l2-42-the-temporal-method/Breaking down the Temporal Method — when to use it, which assets get translated at what rate, and how to snap to a gain/loss answer fast on the CFA.