{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/740/830/#30-initial-measurement","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"740","topic_title":"Income Taxes","subtopic":"740-830","subtopic_title":"Foreign Currency Matters","section":{"number":"30","label":"30 Initial Measurement","anchor":"30-initial-measurement","is_sec":false,"groups":[{"block":null,"heading":"Foreign Financial Statements Restated for General Price Level Changes","paragraphs":[{"citation":"740-830-30-1","para":"30-1","html":"
In foreign financial statements that are restated for general price-level changes, the deferred tax expense or benefit shall be calculated as the difference between the following two measures:
  1. a
    Deferred tax assets and liabilities reported at the end of the current year, determined in accordance with paragraph 830-740-25-5
  2. b
    Deferred tax assets and liabilities reported at the end of the prior year, remeasured to units of current general purchasing power at the end of the current year.
","snippet":"In foreign financial statements that are restated for general price-level changes, the deferred tax expense or benefit shall be calculated as the difference between the following two measures:\n(a) Deferred tax assets and…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2e5f5c735147b72d6c078f39c2ac190f72c765ecf7aacf5d1c0f16c157b2d25b","downloaded_from":"2026-09-10T01:18:54.305Z","last_downloaded_at":"2026-09-10T01:18:54.305Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478134","source_sha256":"184588b2c382078b3dac9fd0f2208297c9a1c6cde0bdc76cd42e9a3c65d3b790"}},{"citation":"740-830-30-2","para":"30-2","html":"
The remeasurement of deferred tax assets and liabilities at the end of the prior year is reported together with the remeasurement of all other assets and liabilities as a restatement of beginning equity.
","snippet":"The remeasurement of deferred tax assets and liabilities at the end of the prior year is reported together with the remeasurement of all other assets and liabilities as a restatement of beginning equity.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d1343a61613de5e363670964b565bed96453ccca340070f4eccc91f3740e0fd6","downloaded_from":"2026-09-10T01:18:54.305Z","last_downloaded_at":"2026-09-10T01:18:54.305Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478134","source_sha256":"184588b2c382078b3dac9fd0f2208297c9a1c6cde0bdc76cd42e9a3c65d3b790"}},{"citation":"740-830-30-3","para":"30-3","html":"
Example 1 (see paragraph 830-740-55-1) illustrates the application of this guidance.
","snippet":"Example 1 (see paragraph 830-740-55-1) illustrates the application of this guidance.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3afa2d3c603128d9a839cba88e730435665345e873f7da09207d6ec2bdff6ffe","downloaded_from":"2026-09-10T01:18:54.305Z","last_downloaded_at":"2026-09-10T01:18:54.305Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478134","source_sha256":"184588b2c382078b3dac9fd0f2208297c9a1c6cde0bdc76cd42e9a3c65d3b790"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:318c9f4367eecbabfe75b635070e5bd11d1c274c34e870dd3ce9b5177df23ecf","downloaded_from":"2026-09-10T01:18:54.305Z","last_downloaded_at":"2026-09-10T01:18:54.305Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478134","source_sha256":"184588b2c382078b3dac9fd0f2208297c9a1c6cde0bdc76cd42e9a3c65d3b790"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1a1157b9ddfa668ac48582cf283a6f9b1a8c1374e05b525fc14908278126c8ae","downloaded_from":"2026-09-10T01:18:54.305Z","last_downloaded_at":"2026-09-10T01:18:54.305Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478134","source_sha256":"184588b2c382078b3dac9fd0f2208297c9a1c6cde0bdc76cd42e9a3c65d3b790"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1a1157b9ddfa668ac48582cf283a6f9b1a8c1374e05b525fc14908278126c8ae","downloaded_from":"2026-09-10T01:18:54.305Z","last_downloaded_at":"2026-09-10T01:18:54.305Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478134","source_sha256":"184588b2c382078b3dac9fd0f2208297c9a1c6cde0bdc76cd42e9a3c65d3b790"}}