Topic #1: Hedging
Although a company would never dispel gains from currency fluctuations, they truly hate accounting for the losses. This is why minimizing risk is so important. It is absolutely necessary to retain a firms profits from selling a product or providing a service. Please consider the following questions:
Topic #2: Translation and Remeasurement
In viewing how to restate financial statements, there are two major processes. The first is known as translation and the second is known as remeasurement. You will look at these two processes as you answer the following questions: