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FASB Accounting Standards Codification Topic 830, Foreign Currency Matters

Authoritative US GAAP source for functional currency analysis, foreign currency transaction remeasurement, foreign entity translation, and cumulative translation adjustment.

Authority and currency

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Publisher
Financial Accounting Foundation
Standing
Primary authority
Version
Topic 830 as accessed 2026-08-08
Relevant parts
Topic 830; functional currency, transaction gains and losses, translation, and CTA
Currency
current · checked Aug 8, 2026

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Remeasurement and translation answer different questions. Remeasurement converts foreign-currency transactions into the entity's functional currency and commonly affects earnings. Translation converts a foreign entity's functional-currency statements into the reporting currency and commonly sends the balancing effect to OCI as a cumulative translation adjustment.