Foreign currency

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Accounting guide , PwC US

The Foreign currency guide contains a summary of the framework for accounting for foreign currency matters, including the accounting for foreign currency transactions and translating the financial statements of foreign entities.

This guide was partially updated in June 2019.

The Foreign currency guide addresses the accounting for foreign currency transactions and foreign operations under US GAAP. The guide discusses the framework for accounting for foreign currency matters and their related accounting implications, and includes specific examples related to various topics, such as:

  • Functional currency determinations

  • Translation of financial statements of foreign entities

  • Highly inflationary economies

  • Intercompany transactions denominated in foreign currencies

  • Acquisitions and dispositions of foreign operations

 

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    Foreign currency
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  3. From within the action menu, select the "Copy to iBooks" option.
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John Bishop

John Bishop

Partner, National Professional Services Group, PwC US

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