Konsolidierungswährung
Konsolidierungswährung refers to a currency used in accounting to simplify the financial reporting of a group of companies. When a parent company has multiple subsidiaries, each operating in different countries or using different currencies, it can be complex to present a consolidated financial statement that accurately reflects the group's overall financial position.
The concept of a consolidation currency addresses this by providing a common unit of measure. Typically, the
Different exchange rates are used depending on the nature of the item being translated. For instance, historical
The use of a consolidation currency is crucial for achieving comparability and a holistic view of the