Handbook: Foreign currency
Handbooks | June 2025
Latest edition: Our in-depth guide on accounting for foreign currency matters.
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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
Among other things, this June 2025 edition incorporates new or additional guidance on:
- whether uncertain tax positions are considered monetary or nonmonetary items;
- abandonment of an investment in a foreign entity; and
- intercompany transactions of a long-term investment nature.
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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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