Functional Currency Ficial Statements Guidelines

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SEC MEMORANDUM CIRCULAR NO. 14, S. 2003: Functional Currency Ficial Statements Guidelines

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Title Supreme Court: Functional Currency Ficial Statements Guidelines

Law: Sec Memorandum Circular No. 14, S. 2003

Decision Date: Dec 11, 2003

This memorandum circular provides guidelines for qualified entities to prepare financial statements in their functional currency, allowing the use of currencies like US Dollars and Japanese Yen to better reflect their financial performance and align with international reporting standards.

financial statements

functional currency

foreign exchange

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