# ASC 830-20-45: Foreign Currency Matters — Foreign Currency Transactions — 45 Other Presentation Matters Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/830/20/#45-other-presentation-matters) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-10T01:46:58.403Z to 2026-09-10T01:46:58.403Z Record version: sha256:ec255cc6c84b46c21a68062997d1021c0ccf397365930aa54d841dd3b385fb49 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 830-20-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/830/20/#45-other-presentation-matters) SEC content: no #### Income Statement Presentation ##### [830-20-45-1](https://asc.understandingaccounting.org/asc/830/20/#830-20-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:46:58.403Z to 2026-09-10T01:46:58.403Z Record version: sha256:dd7df1fe7ca1443c824ecded86905b91d6affdc809c06e317df4d81dac040d96 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The aggregate [transaction gain or loss](https://asc.understandingaccounting.org/glossary/t/#transaction-gain-or-loss "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.") 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](https://asc.understandingaccounting.org/asc/830/20/#830-20-50-1)). ##### [830-20-45-2](https://asc.understandingaccounting.org/asc/830/20/#830-20-45-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:46:58.403Z to 2026-09-10T01:46:58.403Z Record version: sha256:6b6ed1ee7a03495afe38e9b50a879be02725b34207961fb70bd53d738985c41e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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 as dealer gains or losses rather than as transaction gains or losses. ##### [830-20-45-3](https://asc.understandingaccounting.org/asc/830/20/#830-20-45-3) Pending content: no Source downloaded (UTC): 2026-09-10T01:46:58.403Z to 2026-09-10T01:46:58.403Z Record version: sha256:d8ca3b2170949de54b544f11b1c618c9de36c551b5058b9506d1c802178de908 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. When the [reporting currency](https://asc.understandingaccounting.org/glossary/r/#reporting-currency "The currency in which a reporting entity prepares its financial statements.") (not the [foreign currency](https://asc.understandingaccounting.org/glossary/f/#foreign-currency "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.")) is the functional currency, remeasurement of a reporting entity's deferred foreign tax liability or asset after a change in the [exchange rate](https://asc.understandingaccounting.org/glossary/e/#exchange-rate "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.") will result in a transaction gain or loss that is recognized currently in determining net income. 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. See paragraph [830-740-45-1](https://asc.understandingaccounting.org/asc/740/830/#740-830-45-1) for further guidance. ##### [830-20-45-4](https://asc.understandingaccounting.org/asc/830/20/#830-20-45-4) Pending content: no Source downloaded (UTC): 2026-09-10T01:46:58.403Z to 2026-09-10T01:46:58.403Z Record version: sha256:c313b7c019021be23e6bc24c25cc43abe456f3b0cad116f5368c9f77d763c0fb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2015-01](https://asc.understandingaccounting.org/updates/asu-2015-01/). #### Reporting Other Comprehensive Income ##### [830-20-45-5](https://asc.understandingaccounting.org/asc/830/20/#830-20-45-5) Pending content: no Source downloaded (UTC): 2026-09-10T01:46:58.403Z to 2026-09-10T01:46:58.403Z Record version: sha256:de44941606d27856b23fddc8e944ed975a511bd5dd86f7707e62f8077459fa9a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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 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.