High
inflation
High inflation is experienced in
a functional currency of an economy suffering from high inflation, but
which is not hyperinflationary.
Functional
currency
Functional currency is the currency of the primary economic environment
in which the entity operates. IAS 21, Par 8
Nicolaas Smith
Copyright (c) 2005-2012 Nicolaas J Smith. All rights reserved. No reproduction without permission.
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