Monetary / Non-Monetary Method

Monetary / Non-Monetary Method

Translation method wherein monetary items are translated at prevailing/ current rates. These items include long term debt, cash, accounts payable/ receivable. Non-monetary items are translated at historical rates. These include long-term investments, inventory, and fixed assets.

Related posts:

1. Monetary Policy
2. Current / Non-current Method
3. Temporal Method
4. Purchase Method
5. Current Rate Method