How can a local currency operating budget and actual results be translated into parent currency without holding
Question:
How can a local currency operating budget and actual results be translated into parent currency without holding the foreign manager responsible for foreign exchange risk?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
Translating the budget and actual results using the same ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
International Accounting
ISBN: 978-1260466539
5th edition
Authors: Timothy Doupnik, Mark Finn, Giorgio Gotti, Hector Perera
Question Posted:
Students also viewed these Business questions
-
What is the advantage of using a projected future exchange rate to translate both the local currency operating budget and actual results into parent currency?
-
A bank manager of City savings bank Inc. uses the managerial accounting system to track the costs of operating the various departments with in the bank. The departments include Cash Management,...
-
A bank manager of First Union Bank Inc. uses the managerial accounting system to track the costs of operating the various departments within the bank. The departments include Cash Management, Trust,...
-
Below are Infographics from the Congressional Budget Office showing Mandatory Spending and Discretionary Spending for FY2022. Examine the types of Mandatory and Discretionary Spending and their...
-
Why might equilibrium phase diagrams be useful aids in designing and understanding the processing heat treatments?
-
you are to visit any online gallery/museum. You're to select any workor style of your choice. Using the critique guide below, you must address each domain and separate your summary What do you see in...
-
Read Appendix A, Building an Effective Marketing Plan. Then write a 600-word executive summary for the Paradise Kitchens marketing plan using the numbered headings shown in the plan. When you have...
-
Logan Company and Clayton Company assign manufacturing overhead to Work in Process Inventory using direct labor cost. The following information is available for the companies for the year: Logan...
-
Sandhill College is about to issue $0.94 million of 10-year bonds that pay a 6% annual interest rate, with interest payable semi-annually. Calculate the issue price of these bonds if the market...
-
1. Draw a UML domain model class diagram for the system as described here. Be as specific and accurate as possible, given the information provided. If needed information is not given, make realistic...
-
Woodlands Company (a U.S.-based company) has a subsidiary in Mexico that exports all of its production to customers in Asian markets and sources all of its inputs locally. Budgets in Mexican pesos...
-
Viking Corporation (a U.S.-based company) has a subsidiary in Japan that imports finished products from unrelated suppliers in China and sells all of its purchases to customers in Japan. Cost of...
-
Explain liquidity risk and default risk. Is it correct to say that if you have one type of risk, then you must have the other?
-
1. This is a group assignment, and the lecturer will create and finalize assignment groups in week 3/4. (4-5 members in each group). 2. Identify a problem (only one problem relating to OB) in an...
-
Fromthefollowinginformation, preparejournalentriestodistributetransportationexpenses(ontheaverage rate permilepermonthmethod)andstoresexpenses. Truckmileageduringthemonth:...
-
2 Staffing at the Optimal Utilization A large theme park is attempting to staff its check-in desks. Currently, the arrival rate is A = 364.5 customers per hour, and each server can check-in p=81...
-
If f ( x ) = ( 1 3 - In ( x ) ) ^ 8 , determine f ' ( 1 ) .
-
1. ThestocksAandBhavethefollowingdistributionsofreturns. A B Probability State1 3 4 0.2 State2 5 2 0.3 State3 4 8 0.2 State4 6 5 0.1 State5 6 1 0.2 2....
-
For the following exercises, evaluate the expressions, writing the result as a simplified complex number. 1 4
-
An example of prescriptive analytics is when an action is recommended based on previously observed actions. For example, an analysis might help determine procedures to follow when new accounts are...
-
The biographies of current IASB board members are on the IASB Web site (www.iasb.org). Required: Identify the current board members (including the chair and vice-chair). Note each members home...
-
Chapter 3 discusses financial reporting and accounting measurements under International Financial Reporting Standards (IFRS). Chapter 4 discusses the same issues for U.S. GAAP and Exhibit 4-2...
-
The U.S. Securities and Exchange Commission (SEC) roadmap issued in 2008 may eventually move U.S. issuers to report under International Financial Reporting Standards (IFRS). Consider the following...
-
Flexible manufacturing places new demands on the management accounting information system and how performance is evaluated. In response, a company should a. institute practices that reduce switching...
-
Revenue and expense items and components of other comprehensive income can be reported in the statement of shareholders' equity using: U.S. GAAP. IFRS. Both U.S. GAAP and IFRS. Neither U.S. GAAP nor...
-
Kirk and Spock formed the Enterprise Company in 2010 as equal owners. Kirk contributed land held an investment ($50,000 basis; $100,000 FMV), and Spock contributed $100,000 cash. The land was used in...
Study smarter with the SolutionInn App