Foreign currency financial reporting from euros to yen to yuan : a guide to fundamental concepts and practical applications

"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"-- � Read more... 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. � Read more... BThe first A-to-Z guide for successfully working in foreign currency environments/b 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.ulliGet from Yen to Euro without losing your way/liliClarifies an intimidating topic into practical application/liliHelps you function effectively in the multicurrency reporting environment/liliAddresses common points of confusion/liliDemystifies IFRS/li/ul 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 iForeign Currency Financial Reporting from Euro to Yen to Yuan./i It's the easy-to-use, definitive source you can turn to for a clear, concise, practical understanding of multicurrency environments 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.

"Corporate financial reporting is very complex when multiple currencies are involved. To manage the complexities, you'll need Robert Rowan's Foreign Currency Financial Reporting from Euro to Yen to Yuan. Its clear and complete explanations of key concepts and practices make it a must-read for financial managers in companies that participate in the global economy."—Bruce Pounder, CMA, CFM, DipIFR (ACCA) President, Leveraged Logic; author of the Convergence Guidebook for Corporate Financial Reporting

"This book demystifies foreign currency and explains the important concepts in plain English. The book is practical and provides you with the solid foundation you need to gain a better understanding of foreign exchange. And although the book is what you need if you are responsible for financial reporting within a global company, it's more than that . . . irrespective of your position, if you do work for a company with international business dealings and you want to better understand the implications of foreign exchange movements on the company's financials, or if you just want to prepare to travel internationally and be able to quickly and confidently perform currency conversions . . . this book is for you." —Pamela Heye, CPA, former VP, Treasury and Risk Management, Sensus Metering Systems

"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"-- Provided by publisher Content: Pt. 1. The basics -- pt. 2. Key concepts and authoritative standards -- pt. 3. Practical applications (and more concepts).