has anyone figured out an easy way to remember which rate to use when translating FC PC temporal or all-current?
i can see getting easily tripped up by using wrong rate, confusing current, historical or mixed.
suggestions?
from my experience it takes one or two problems for you to memorize those. At first they were daunting to me but after a while reflection + exercies it gets better for me.
i dont have time to write is all out but put what each uses side by side and will see they are mostly the same just when you use temporal you change items related to hard assets - both ST and LT. those same chanes carry over to itms in the income statment that result from the hard assets - dep and cogs
sorry for the spelling…doing this on a droid