Posts tagged Accounting For Foreign Currency

When I was a junior, one of the toughest area of accounting, for me, is the accounting for foreign currency and translation. It is not …

The purpose of IAS 21 is to set out how to account for transactions in foreign currencies and foreign operations. The Standard also shows how …

There are guidelines to determine the functional currency of a foreign operation. The ‘‘benchmarks’’ apply to selling price, market, cash flow, financing, expense, and inter-company …

This post series will cover the following issues: FASB statement related with foreign currency translation, important term in foreign currency topic you should familiar with, …