Foreign Currency Financial Reporting from Euros to Yen to Yuan: A Guide to Fundamental Concepts and Practical Applications
- 3h 50m
- Robert Rowan
- John Wiley & Sons (US)
- 2011
The first A-to-Z guide for successfully working in foreign currency environments
Destined to become an essential desktop tool helping professionals build a solid foundation in the background, history, and fundamental mechanics of foreign currency and exchange rates, this must-have guide allows you to report past transactions accurately and also to forecast the impacts that volatile exchange rates could have on your business. Packed with everything you need to know about exchange rate requirements, including world currency formats and key links to additional resources, this is the single source you'll want to have at your side to understand and successfully use foreign currency reporting concepts.
- Get from Yen to Euro without losing your way
- Clarifies an intimidating topic into practical application
- Helps you function effectively in the multicurrency reporting environment
- Addresses common points of confusion
- Demystifies IFRS
Your company could swing from profit to loss without a single change in operations, simply by movement of exchange rates. Get ready with the on-the-spot foreign currency answers you need in Foreign Currency Financial Reporting from Euro to Yen to Yuan. It's the easy-to-use, definitive source you can turn to for a clear, concise, practical understanding of multicurrency environments.
About the Author
ROBERT ROWAN, CPA, CITP, is an International Finance Controller at SAS, the world's largest privately held software company. He engages in subsidiary and holding company financial transactions, reviews GAAP and IFRS accounting issues, and conducts financial consolidation and reporting. Previously at SAS, he worked in the SAS Research and Development Division designing and developing the SAS Financial Management product. Prior experience includes positions at a Fortune 500 publicly listed company, a global chemical manufacturer with eighty subsidiaries, a private international software company as part of the initial public offering team, and Ernst & Young LLP.
In this Book
-
Introduction to Foreign Currency and Exchange Rates
-
Isn't Currency Conversion Just Multiplication?
-
Exchange Rate Tables—Getting from Yen to Euro without Losing Your Way
-
Approximation—When Mathematics, Computer Science, and Regulations Converge
-
What's in a Name?
-
The Gold Standard—Following the Standard for Fiat Currencies
-
They're Not Synonyms—Transaction to Translation, Revaluation to Remeasurement
-
The Intersection—Interplay of Mathematics, Exchange Rates, Accounting Standards, Economics, and Time
-
Practical Knowledge—Things You Should Know
-
Practical Knowledge—Things You Can Learn
-
Cumulative Translation Adjustment—The Algebraic Plug
-
The Residual
-
Conclusion—Reinvent the Triangle—Innovate and Advocate
-
Glossary
