# Remeasurement

> Remeasurement — Restating foreign-currency monetary balances, or books kept in a currency other than the functional one, into the functional currency — differences go to the P&L.

Source: https://lopifi.com/glossary/remeasurement
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is remeasurement?** In accounting, remeasurement means restating foreign-currency monetary balances, or books kept in a currency other than the functional one, into the functional currency — differences go to the P&L.

## Words this system refuses for it

- revaluation

- **Category:** Statements
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** functional-currency