Handbooks | March 2018

Accounting for foreign currency

KPMG provides guidance on and interpretation of ASC 830. KPMG explains the accounting for foreign currency matters, providing examples and analysis.


  • Companies that have transactions denominated in a foreign currency
  • Companies that have operations in a foreign currency environment

Relevant dates

  • Effective immediately

Key impacts

  • Provides interpretive guidance on ASC 830, including illustrative examples and Q&As

Report contents

  • Functional currency
  • Foreign currency transactions
  • Translation of foreign currency financial statements
  • Foreign currency derivatives and hedging foreign currency risk
  • Presentation and disclosures



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