Glossary of foreign currency translation
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Glossary of foreign currency translation

Glossary of foreign currency translation

Glossary of foreign currency translation
Glossary of foreign currency translation

Glossary of foreign currency translation, adapted from GAAP (SFAS) No.52, 1981.

  1. Attributes, quantitative characteristics of an item being measured for accounting purposes. Example, historical cost and replacement cost which is an attribute of an asset.
  2. Conversion, pertukatan a currency into another currency.
  3. Present exchange rate, exchange rate prevailing on the date of the relevant financial statements.
  4. Discount, while the subsequent exchange rate lower than current levels.
  5. Net asset position at risk, as measured in excess of assets or denominated in foreign currencies and translated at the exchange rate of duty is now measured or denominated in foreign currencies and translated at the exchange rate now.
  6. Foreign currency, a currency other than the currency used by a State, a currency other than the reporting currency used by the company.
  7. Financial statements in foreign currencies, the financial statements using foreign currency as the unit of measurement.
  8. Foreign currency transactions, the transaction (ie sale or purchase of goods or services, or debt loans or accounts receivable) under the conditions stated in currencies other than the functional currency of the company.
  9. Foreign currency translation, the process to declare the amounts denominated or measured in one currency into another currency using the exchange rate between two currencies.
  10. Foreign operation, an operation that produces financial statements that (1) combined or consolidated or accounted for under the equity method in reporting the company’s financial statements and (2) arranged in foreign currencies other than the reporting currency of the reporting enterprise.
  11. Forward exchange contacts, an agreement to exchange currencies of different countries by using a specific rate (forward rate) at a given date in the future.
  12. Functional currency, the currency used by suatau yanga major companies in the course of business, and in generating or using cash.
  13. Historical exchange rate, exchange rate of foreign currency that is used when an asset or liability denominated in foreign currencies bought or going.
  14. Local currency, the currency of a State that is used; the reporting currency used by a domestic or foreign operations.
  15. Items of monetary policy, the obligation to pay or the right to receive a unit of currency in a fixed value in the future.
  16. Reporting currency, the currency used in preparing the company financial statements.
  17. Completion date, the date when the debt is paid by an uncollectible receivables.
  18. Spot exchange rate, exchange rate for currency exchange in the time immediately.
  19. Date of the transaction, the date when a transaction is recorded in the accounting records of the reporting company.
  20. Translation adjustments, adjustments arising from the translation of financial statements of a company’s functional currency into the reporting currency.
  21. Unit of measurement, the currency used to measure the assets, liabilities, revenues and expenses.

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