current rate method
current rate method
Finance dictionary of financial terms
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Economics and finance
Definition of current rate method
current rate method: All financial transactions are measured in the currency of the foreign operations and consolidation occurs by converting all balance sheet accounts at the exchange rate in effect at the close of the fiscal year and all income statement accounts at the average exchange rate for the fiscal year.
Source : http://foba.lakeheadu.ca/hartviksen/2039/Finance%20Dictionary.doc
link: http://foba.lakeheadu.ca/
Author : not indicated on the source document of the above text
Finance dictionary of financial terms
Finance dictionary of financial terms index
Definition and meaning of current rate method
Meaning of current rate method
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