Monetary/non-monetary method(redirected from Monetary-Nonmonetary Method)
Under this translation method, monetary items (e.g. cash, accounts payable and receivable, and long-term debt) are translated at the current rate while non-monetary items (e.g. inventory, fixed assets, and long-term investments) are translated at historical rates.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A method of accounting in which liquid assets are calculated according to their current market value while illiquid assets are calculated according to their historical value.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved