Method of calculating foreign currency conversions for assets and liabilities, which determine valuation using the exchange rate when the asset or liability was created, rather than the current rate. This can result in net profits from rate changes, as fixed asset values aren't affected.
Related information about temporal method:
- Temporal Method Definition | Investopedia
A method of foreign currency translation that uses exchange rates based on the time assets and liabilities are acquired or incurred. The exchange rate used also ...
- Temporal Method - ReadyRatios.com
The temporal method can be defined as a method of translating foreign currency through the use of exchange rates based on the time of acquisition of assets ...
- Temporal Method - Financial Dictionary - The Free Dictionary
A currency translation method under which the choice of exchange rate depends on the underlying method of valuation. Assets and liabilities valued at historical ...
- What is temporal method? definition and meaning
Definition of temporal method: Method of calculating foreign currency conversions for assets and liabilities, which determine valuation using the exchange rate ...
- Temporal Method for Translation of Foreign Statements | Finance Train
Mar 20, 2012 ... Temporal method is one of the methods of translating a local currency to a functional currency. In the instances where a foreign subsidiary's ...
- Temporal Method: Definition from Answers.com
Temporal Method A method of foreign currency translation that uses exchange rates based on the time assets and liabilities are acquired.
- Temporal method - Bizterms.net
Under this currency translation method, the choice of exchange rate depends on the underlying method of valuation. assets and liabilities valued at historical ...
- What is the Temporal Method?
The temporal method is used in accounting that deals with transactions in foreign currencies. It is a way of translating the value of the transaction in the foreign ...