current/noncurrent method(redirected from Current Noncurrent Method)
The translation of all of a foreign subsidiary's current assets and liabilities into home currency at the current exchange rate while noncurrent assets and liabilities are translated at the historical exchange rate; that is, the rate in effect at the time the asset was acquired or the liability incurred.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
In accounting, a convention where all current assets and liabilities in a foreign currency are translated to the domestic currency at the current exchange rate while all long-term assets and liabilities are translated at the exchange rate in effect when each asset or liability was acquired. See also: Temporal Method.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
current/noncurrent methodsee FOREIGN CURRENCY TRANSLATION.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson