"If the functional currency is the same as the parents presentation currency, the temporal method is used to remeasure the foreign currency financial statements. Remeasurement usually occurs when a subsidiary is well integrated with parent. " it would be great if someone could explain this to me. What is meant by well integrated and why temporal method for this? And what does temporal method means anyways? And how is it different from current method? And why is there a need of currency translation when the subsidiaries functional currency is already same as the presentation currency of the parent? Thanks a lot in advance.
Hi FA,
from my perspective Temporal Method is use when FC = PC
Take a look EOC Curriculum no 7
Parent = Consol Motors using USD --> PC
Subsidiaries = Consol Can using CAD
Consol Motors decided using USD as FC (in here FC = PC --> use Temporal)
if the case is using CAD as FC, we will use Current Method.
Exhibit 4 in curriculum i think is clear about the different between TM vs CM.
i know my explanation doesn’t answer all your questions…at least i am also “practicing” by trying to explain this. 
so just ignore me ok… 
I wrote an article on this that may be of some help: http://financialexamhelp123.com/current-rate-vs-temporal-why-two-methods/