If functional, local and presentation currencies are different, then what translation method do we use according to GAAP and IFRS?
I think this is it: you use temporal than current
Functional (F)
Presentation ยง
Local (L)
L -> F (Temporal)
F -> P (Current)
This should help: http://thefatlefttail.blogspot.com/2011/03/cfa-level-ii-foreign-currency.html