What concept underlies the temporal method of translation? What concept underlies the current rate method of translation?

Question:

What concept underlies the temporal method of translation? What concept underlies the current rate method of translation? How does exposure differ under these two methods?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...