translation-remeasurement method

translation-remeasurement method　先折算后调整法　

If the foreign currency is the functional currency，you simply need to translate from the foreign currency to the reporting currency（first step）.If the reporting currency is the functional currency，you will want to remeasure from the foreign currency to the reporting（functional）currency（first step）.If the foreign，reporting，and functional currency are all different，you need to remeasure from the foreign currency to the functional currency and then translate from the functional currency to the reporting currency（second steps）.The way I remember what to do is by remembering that you always remeasure into the functional currency.When you use the remeasurement method，you use the historical rate method and the foreign currency impact goes through the income statement as a remeasurement gain or loss.