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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 really...
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 to...
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 transactions....
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, how...