Foreign Currency Translation

Foreign Currency Translation refers to the process of converting the financial statements of a company from one currency to another. This is done to accurately reflect the financial position and performance of the company in the currency of the country where it is based, as well as to facilitate comparisons with other companies operating in the same industry or region. This process involves translating foreign currency transactions, assets, liabilities, income, and expenses at the current exchange rates.

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Foreign Currency Translation
Foreign Currency Translation Business