(Ebook) Foreign currency financial reporting from euros to yen to yuan : a guide to fundamental concepts and practical applications by Rowan, Robert J ISBN 9781118024423, 9781118056660, 9781118056677, 9781118056684, 1118024427, 1118056663, 1118056671, 111805668X

(Ebook) Foreign currency financial reporting from euros to yen to yuan : a guide to fundamental concepts and practical applications by Rowan, Robert J ISBN 9781118024423, 9781118056660, 9781118056677, 9781118056684, 1118024427, 1118056663, 1118056671, 111805668X

"As the world is becoming a smaller place and more and more companies take part in global transactions, the reporting of foreign currency has become an issue. Companies must report their foreign currency transactions on their financial statements. This book will provide a primer on how to report foreign currency transactions as well as guidance on building a computer program for such reporting. Written in a user-friendly style, this book will focus on the fundamental concepts of foreign currency transactions. The foundation provided in this book will allow corporations to accurately and consistently report past transactions and also allow them to look into the future to forecast and foresee the impacts that changing exchange rates could have on their businesses"--� Abstract: As the U.S. dollar is displaced as the world's single reserve currency, and cross-border trade increases, individuals who previously encountered a Yen or a Franc or a Yuan only at their last tourist destination now find themselves at work in a multi-currency environment.�