Statement of SAK 52 aims set currency that is used by the company in the accounting records and financial statements.
Scope of this Statement shall be applied to all the companies that will be or has been a currency other than dollars as the reporting currency.
The reporting currency is the currency used in presenting the financial statements. Company is required to change the recording and reporting currency to dollars, if the functional currency is not changed from dollars to dollars. Changes in the recording and reporting currency should be carried out early in the book, not in the middle of the year.
This statement is effective for the preparation and presentation of financial statements covering periods beginning on or after January 1, 2000. Earlier application is encouraged.
(Source Indonesian Institute of Accountants)
