toiminantavaluutta
Toiminantavaluutta, a Finnish term, translates to "operational currency" or "functional currency" in English. It refers to the primary currency in which a company or entity conducts its main business operations and generates its revenue. This is the currency that most directly reflects the economic performance and financial position of the entity.
The choice of a functional currency is crucial for accounting and financial reporting. It determines how transactions
Factors influencing the determination of a functional currency include the currency in which sales prices are