Presentation currency
In accounting, presentation currency means the currency the statements are shown in. ASC 830 calls it the reporting currency; IAS 21 the presentation currency — we use the latter.
- Layer
- Lexicon
- Defined in
- Lexicon
- Components
- 3
Authority
This definition follows ASC 830.
Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.
Presentation currency, in use
Quoted from the 5 documents that use the word — what it does to an interface, in the spec's own sentence.
The statement header carries the full context: entity, statement type, resolved period, basis (cash/accrual), presentation currency, and generation timestamp.
Convert to a stated presentation currency first, and label the axis with it.
Every statement prints with its header: entity name, statement type, resolved period, basis (cash/accrual), presentation currency, and generation timestamp.
What it is not called
Each of these is a real word for a different thing. Using it here is what makes a product read as though it was built by someone who has not done the work.
- functional currency (a different decision)
Components that render this
The concept is not documentation-only. These are the components that name it in their specification, grouped and stated exactly as the catalog states them.
Also in Statements
Work with this concept
The calculators that compute it and the ledger payloads that carry it. A definition is where a reader starts; these are where they go next.
- FX conversion & gain/lossThe rate is the one in your policy, so you type it. No live rate, no network call, no stale surprise.Tool
- Functional currency vs presentation currencyFunctional currency is the currency of the economic environment an entity operates in, in which its books are kept; presentation currency is the currency its financial statements are reported in — they differ when a group consolidates foreign subsidiaries.Compare
Defined in Lexicon. This page is generated from that document, so the two cannot disagree.