{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/830/20/#45-other-presentation-matters","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":"830","topic_title":"Foreign Currency Matters","subtopic":"830-20","subtopic_title":"Foreign Currency Transactions","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Income Statement Presentation","paragraphs":[{"citation":"830-20-45-1","para":"45-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_D1968283-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The aggregate <a href=\"/glossary/t/#transaction-gain-or-loss\" class=\"term\" title=\"Transaction gains or losses result from a change in exchange rates between the functional currency and the currency in which a foreign currency transaction is denominated. They represent an increase or decrease in both of the following: The actual functional currency cash flows realized upon settlement of foreign currency transactions The expected functional currency cash flows on unsettled foreign currency transactions.\"><span>transaction gain or loss</span></a> included in determining net income for the period shall be presented in the financial statements or disclosed in the notes thereto (see paragraph <a href=\"/asc/830/20/#830-20-50-1\" class=\"xref\">830-20-50-1</a>).</span></span> </div> </div>","snippet":"The aggregate transaction gain or loss included in determining net income for the period shall be presented in the financial statements or disclosed in the notes thereto (see paragraph 830-20-50-1).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dd7df1fe7ca1443c824ecded86905b91d6affdc809c06e317df4d81dac040d96","downloaded_from":"2026-09-10T01:46:58.403Z","last_downloaded_at":"2026-09-10T01:46:58.403Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481956","source_sha256":"6c91ae7793f9838353018fc72e74bd1c92b9b5b05e0360c1139755248a3f3004"}},{"citation":"830-20-45-2","para":"45-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_D196837A-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Certain entities, primarily banks, are dealers in foreign exchange. </span></span> <span class=\"sfragment\" id=\"sfr_D1968458-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Although certain gains or losses from dealer transactions may fit the definition of transaction gains or losses in this Subtopic, they may be disclosed as dealer gains or losses rather than as transaction gains or losses. </span></span> </div> </div>","snippet":"Certain entities, primarily banks, are dealers in foreign exchange. Although certain gains or losses from dealer transactions may fit the definition of transaction gains or losses in this Subtopic, they may be disclosed …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6b6ed1ee7a03495afe38e9b50a879be02725b34207961fb70bd53d738985c41e","downloaded_from":"2026-09-10T01:46:58.403Z","last_downloaded_at":"2026-09-10T01:46:58.403Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481956","source_sha256":"6c91ae7793f9838353018fc72e74bd1c92b9b5b05e0360c1139755248a3f3004"}},{"citation":"830-20-45-3","para":"45-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_D1968535-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">When the <a href=\"/glossary/r/#reporting-currency\" class=\"term\" title=\"The currency in which a reporting entity prepares its financial statements.\"><span>reporting currency</span></a> (not the <a href=\"/glossary/f/#foreign-currency\" class=\"term\" title=\"A currency other than the functional currency of the entity being referred to (for example, the dollar could be a foreign currency for a foreign entity). Composites of currencies, such as the Special Drawing Rights, used to set prices or denominate amounts of loans, and so forth, have the characteristics of foreign currency.\"><span>foreign currency</span></a>) is the functional currency, remeasurement of a reporting entity's deferred foreign tax liability or asset after a change in the <a href=\"/glossary/e/#exchange-rate\" class=\"term\" title=\"The ratio between a unit of one currency and the amount of another currency for which that unit can be exchanged at a particular time.\"><span>exchange rate</span></a> will result in a transaction gain or loss that is recognized currently in determining net income. </span></span> <span class=\"sfragment\" id=\"sfr_D196860B-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The preceding paragraph requires disclosure of the aggregate transaction gain or loss included in determining net income but does not specify how to display that transaction gain or loss or its components for financial reporting. </span></span>See paragraph <a href=\"/asc/740/830/#740-830-45-1\" class=\"xref\">830-740-45-1</a> for further guidance.</div> </div>","snippet":"When the reporting currency (not the foreign currency) is the functional currency, remeasurement of a reporting entity's deferred foreign tax liability or asset after a change in the exchange rate will result in a transa…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d8ca3b2170949de54b544f11b1c618c9de36c551b5058b9506d1c802178de908","downloaded_from":"2026-09-10T01:46:58.403Z","last_downloaded_at":"2026-09-10T01:46:58.403Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481956","source_sha256":"6c91ae7793f9838353018fc72e74bd1c92b9b5b05e0360c1139755248a3f3004"}},{"citation":"830-20-45-4","para":"45-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <a href=\"/updates/asu-2015-01/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2015-01</a>.</div> </div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2015-01.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c313b7c019021be23e6bc24c25cc43abe456f3b0cad116f5368c9f77d763c0fb","downloaded_from":"2026-09-10T01:46:58.403Z","last_downloaded_at":"2026-09-10T01:46:58.403Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481956","source_sha256":"6c91ae7793f9838353018fc72e74bd1c92b9b5b05e0360c1139755248a3f3004"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7558d3e70a359e466db199c5732ac08407b199a81b51ed461036d5d5fb008a5d","downloaded_from":"2026-09-10T01:46:58.403Z","last_downloaded_at":"2026-09-10T01:46:58.403Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481956","source_sha256":"6c91ae7793f9838353018fc72e74bd1c92b9b5b05e0360c1139755248a3f3004"}},{"block":null,"heading":"Reporting Other Comprehensive Income","paragraphs":[{"citation":"830-20-45-5","para":"45-5","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_D1968721-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Subtopic <a altsource=\"GUID-3B0818A8-1B9D-4530-82D4-22D4284B582F.ditamap\" class=\"ditamap\">740-10</a> requires income tax expense to be allocated among income from continuing operations, discontinued operations, adjustments of prior periods (or of the opening balance of retained earnings), and direct entries to other equity accounts. Some transaction gains and losses are reported in other comprehensive income. Any income taxes related to those transaction gains and losses shall be allocated to other comprehensive income. </span></span> </div> </div>","snippet":"Subtopic 740-10 requires income tax expense to be allocated among income from continuing operations, discontinued operations, adjustments of prior periods (or of the opening balance of retained earnings), and direct entr…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:de44941606d27856b23fddc8e944ed975a511bd5dd86f7707e62f8077459fa9a","downloaded_from":"2026-09-10T01:46:58.403Z","last_downloaded_at":"2026-09-10T01:46:58.403Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481956","source_sha256":"6c91ae7793f9838353018fc72e74bd1c92b9b5b05e0360c1139755248a3f3004"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f8412482054164f7406245770117d06007486f10dc4bc273735da32bb76660f0","downloaded_from":"2026-09-10T01:46:58.403Z","last_downloaded_at":"2026-09-10T01:46:58.403Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481956","source_sha256":"6c91ae7793f9838353018fc72e74bd1c92b9b5b05e0360c1139755248a3f3004"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ec255cc6c84b46c21a68062997d1021c0ccf397365930aa54d841dd3b385fb49","downloaded_from":"2026-09-10T01:46:58.403Z","last_downloaded_at":"2026-09-10T01:46:58.403Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481956","source_sha256":"6c91ae7793f9838353018fc72e74bd1c92b9b5b05e0360c1139755248a3f3004"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ec255cc6c84b46c21a68062997d1021c0ccf397365930aa54d841dd3b385fb49","downloaded_from":"2026-09-10T01:46:58.403Z","last_downloaded_at":"2026-09-10T01:46:58.403Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481956","source_sha256":"6c91ae7793f9838353018fc72e74bd1c92b9b5b05e0360c1139755248a3f3004"}}