Handbook: Foreign currency
Handbooks | June 2026
Latest edition: Our in-depth guide on accounting for foreign currency matters.
Our comprehensive handbook provides detailed guidance and interpretations of ASC 830, with illustrative examples and Q&As.
Applicability
- Companies that have transactions denominated in a foreign currency
- Companies that have operations in a foreign currency environment
Key impacts
This June 2026 edition incorporates new guidance on:
- Whether deferred acquisition costs are considered monetary or nonmonetary items, and
- ASU 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures
Report contents
- Overview of accounting for foreign currency
- Functional currency
- Foreign currency transactions
- Translation of foreign currency financial statements
- Foreign currency derivatives and hedging foreign currency risk
- Presentation and disclosures
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Handbook: Foreign currency
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Meet our team
Mahesh Narayanasami
Partner, Dept. of Professional Practice, KPMG US
Danielle Imperiale
Managing Director, Dept. of Professional Practice, KPMG US
Mahesh Narayanasami
Partner, Dept. of Professional Practice, KPMG US
Danielle Imperiale
Managing Director, Dept. of Professional Practice, KPMG US