A method for recording the value of assets held by a foreign subsidiary. Under the current/noncurrent method, current assets and liabilities are valued at the current exchange rate for the foreign nation's currency, while long-term or noncurrent assets and liabilities are valued at what the exchange rate was when they were acquired.

Related information about current/noncurrent method:

1. Current/Noncurrent Method financial definition of Current ...
   The translation of all of a foreign subsidiary's current assets and liabilities into home currency at the current exchange rate while noncurrent assets and liabilities ...
    
2. Current / noncurrent method
   Under this currency translation method, all of a foreign subsidiary's current assets and liabilities are translated into home currency at the current exchange rate ...
    
3. What is current/noncurrent method? - BusinessDictionary.com
   Definition of current/noncurrent method: An accounting technique where all current assets and liabilities of a foreign subsidiary are converted to domestic ...
    
4. Current/noncurrent method Definition - NASDAQ.com
   Current/noncurrent method: read the definition of Current/noncurrent method and 8000+ other financial and investing terms in the NASDAQ.com Financial ...
    
5. What is current/noncurrent method? - InvestorWords.com
   Definition of current/noncurrent method: A method for recording the value of assets held ... Under the current/noncurrent method, current assets and liabilities are ...
    
6. Translation Methods
   Current/Noncurrent Method. The underlying principal is that assets and liabilities should be translated based on their maturity. Current assets translated at the ...
    
7. Translation of Foreign Currency Financial Statements
   Current/Noncurrent Method. Current assets and liabilities are translated at the current exchange rate. Noncurrent assets and liabilities and stockholders' equity ...
    
8. Quizzes - Novella
   ... due to translation adjustment not affect the reported cash flows? A), Current/ noncurrent method. B), Current rate method. C), Monetary/nonmonetary method.