Accounting for Foreign Currency - Intercompany and Consolidation Accounting

Patrick Bray CPA
Patrick Bray CPA
953 بار بازدید - پارسال - ASC 830 Foreign Currency provides
ASC 830 Foreign Currency provides accounting and reporting requirements for determining the functional currency, converting foreign currency transactions and translating the financial statements into the reporting currency. Watch the Full Video ➡️    • Accounting for Foreign Currency Trans...   Watch the full Playlist on Accounting for Foreign Currency ➡️    • Accounting for Foreign Currency   Foreign Currency concepts in this video 👍 We are going to translate: 1) Intercompany Payables (Due to) and Receivables (Due from) 2) Investment in a Foreign Subsidiary Definitions 1) Functional Currency 👉 the currency the entity transacts in and keeps its accounting records 2) Reporting Currency 👉 the currency the parent, consolidating and/or holding company prepares its financial statements in 3) Spot Rate 👉 the currency translation amount at a certain period of time ==================================== I post daily accounting and finance quizzes here:    / @patrickbraycpa   ==================================== #foreigncurrency #fuctionalcurrency #accounting #patrickbraycpa #currency #foreigncurrency #accounting #advancedaccounting #GAAP #currencytranslation #accountingforcurrency #financials #cpaexam #accountingeducation
پارسال در تاریخ 1402/01/28 منتشر شده است.
953 بـار بازدید شده
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