Preface
We are pleased to present the 2025 edition of
Foreign Currency Matters. This Roadmap provides Deloitte’s insights into
and interpretations of the accounting guidance under ASC 830.1 While the guidance in ASC 830 has not changed significantly over the years,
the application of the existing framework has continued to evolve as a result of the
increasing interdependence and complexity of international economies and companies’
legal structures.
Each chapter of this publication typically
starts with a brief introduction and includes excerpts from ASC 830, Deloitte’s
interpretations of those excerpts, and examples to illustrate the relevant guidance.
This publication also covers relevant highlights from the meetings of the AICPA SEC
Regulations Committee’s International Practices Task Force, which apply to both
public and private entities. No significant changes have been made to this
publication since the release of the 2024 edition.
Be sure to check out On the
Radar (also available as a stand-alone publication),
which briefly summarizes emerging issues and trends related
to the accounting and financial reporting topics addressed
in the Roadmap.
Note that this Roadmap is not a substitute for the exercise of professional judgment, which is often essential to applying the requirements of ASC 830. It is also not a substitute for consulting with Deloitte professionals on complex accounting questions and transactions.
We hope that you find this publication a
valuable resource when considering the accounting guidance on foreign currency
matters.
Footnotes
1
For a list of abbreviations
used in this publication, see Appendix C. For the full titles of
standards, topics, and regulations used in this publication, see Appendix B.