Deloitte
Accounting Research Tool
...
Chapter 7 — Highly Inflationary Economies

7.2 Determining a Highly Inflationary Economy

7.2 Determining a Highly Inflationary Economy

ASC 830-10
45-11 The financial statements of a foreign entity in a highly inflationary economy shall be remeasured as if the functional currency were the reporting currency. Accordingly, the financial statements of those entities shall be remeasured into the reporting currency according to the requirements of paragraph 830-10-45-17. For the purposes of this requirement, a highly inflationary economy is one that has cumulative inflation of approximately 100 percent or more over a 3-year period.

Footnotes

1
Note that both the index and the percentage change may not be available and that the report may have different information.