skip to Main Content
The smarter way
to do assignments.

Please note that this is just a preview of a school assignment posted on our website by one of our clients. If you need assistance with this question too, please click on the Order button at the bottom of the page to get started.

Homework Assignment
This week we are discussing functional currency…what is the definition?
Functional currency is the currency of the subsidiary’s primary economic environment. It is usually identified as the currency in which the company generates and expends cash.
Your assignment is to report on the functional currency of your MNC. When researching your answer keep in mind the following and include details regarding your MNC:
Both U.S. GAAP and IFRS recommend the following factors:
– the location of primary sales markets, 
– sources of materials and labor, 
– the source of financing, and 
– the amount of intercompany transactions should be evaluated in identifying an entity’s functional currency.  
U.S. GAAP does not provide any guidance as to how these factors are to be weighted (equally or otherwise) when identifying an entity’s functional currency. Unlike U.S. GAAP, IAS 21 provides a hierarchy of factors to consider (reference the exhibit on the next page for details).
MY COMPANY IS PEPSICO 
https://www.sec.gov/Archives/edgar/data/77476/000007747619000017/pepsico201810-k.htm#s7A041B4575CE54AA80765CDA299BDE1E

GET HELP WITH THIS ASSIGNMENT TODAY

Clicking on this button will take you to our custom assignment page. Here you can fill out all the additional details for this particular paper (grading rubric, academic style, number of sources etc), after which your paper will get assigned to a course-specific writer. If you have any issues/concerns, please don’t hesitate to contact our live support team or email us right away.

How It Works        |        About Us       |       Contact Us

© 2018 | Intelli Essays Homework Service®

Back To Top