chapter06foreigncurrencytranslati亮onupload.pptVIP

Chapter 6: Foreign Currency Translation Learning Objectives Why do firms translate from one currency to another? What is the difference between a spot, forward, and swap transaction(即期、远期和掉期交易)? What exchange rates are used in the currency translation process and what are their financial statement effects? How does a translation gain or loss differ from a transactions gain or loss? Learning Objectives Is there more than one way of translating financial statements from one currency to another? If so, what are they? How does the temporal method of currency translation differ from the curren