Advertisement

GAAP 2000 pp 729-760 | Cite as

Foreign currency transactions

  • Ken Wild
  • Brian Creighton
  • Deloitte & Touche technical department

Abstract

A company may enter into foreign currency activities in two main ways:
  1. (a)

    it may enter directly into transactions denominated in a foreign currency; and

     
  2. (b)

    it may operate through an investment in a foreign enterprise which maintains its accounting records in a foreign currency.

     

Keywords

Foreign Currency Spot Rate Equity Investment Forward Contract Historical Cost 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Deloitte & Touche 1999

Authors and Affiliations

  • Ken Wild
  • Brian Creighton
  • Deloitte & Touche technical department

There are no affiliations available

Personalised recommendations