What is the difference between a transaction gain or loss and a translation gain or loss?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (17 reviews)
A transaction gain or loss occurs when a foreign currency transaction eg a foreign ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Question Posted:
Students also viewed these Banking questions
-
What is the difference between a realized gain or loss and an unrealized gain or loss?
-
What is the difference between a statement of stockholders equity and a retained earnings statement?
-
What is the difference between a documents against payment collection and a documents against acceptance collection?
-
What is control resolution in a robot positioning system?
-
Use the Eppley Employment Services data in exercise S10-7 to compute Eppley's: a. Net income b. Total liabilities c. Total assets (use the accounting equation)
-
The following are four unrelated situations involving investments in available-for-sale securities: Situation I A portfolio of available-for-sale securities with an aggregate fair value in excess of...
-
State the null and alternative hypotheses \(\left(\mathrm{H}_{0} ight.\) and \(\left.\mathrm{H}_{1} ight)\) for each of the following research questions: a. Are the average starting salaries for...
-
An office employs several clerks who create documents and one operator who enters the document information in a computer system. The group creates documents at a rate of 25 per hour. The operator can...
-
Car A costs $10.37 per 100 miles to drive, while car B costs $6.66 per 100 miles to drive. How much more would car A cost to drive 550 miles? Car A costs $ more to drive 550 miles. (Type an integer...
-
Longhorn Casuals Ltd. Is a retail operation, the shares of which have been publicly traded since it was incorporated. The company has prepared the following draft income statement. You work for...
-
A foreign currency transaction can be denominated in one currency, yet measured in another. Explain the difference between these two terms using the case of a Canadian dollar borrowing on the part of...
-
Briefly explain the nature of foreign currency translation as (a) A restatement process and (b) A remeasurement process.
-
In the first year of selling frozen yogurt, the owner of Swirl invested $10,000 into the business and sold $5,000 of frozen yogurt. The accountant has re- corded $15,000 of revenue. What do...
-
The LISP language, created in 1960, implements linked lists in a very elegant way. You will explore a Java analog in this set of exercises. Conceptually, the tail of a list that is, the list with its...
-
Solve Exercise P16.1 by using a recursive helper method: Data from exercise P16.1 dd methods Object get(int n) and void set(int n, Object newElement) to the LinkedList class. Use a helper method...
-
Reallocate the buckets of the hash set implementation in Section 16.4.5 when the load factor is greater than 1.0 or less than 0.5, doubling or halving its size. Note that you need to recompute the...
-
Solve Exercise E16.4 recursively by calling a recursive helper method If start is null, then the size is 0. Otherwise, it is one larger than the size of start.next. Data from exercise E16.4 Add a...
-
Add a method size to our implementation of the LinkedList class that computes the number of elements in the list by following links and counting the elements until the end of the list is reached.
-
Based on Exhibit 1 and Exhibit 2, the correlation between the debt ratio and the short interest ratio is closest to: A. 0.3054. B. 0.0933. C. 0.3054. Anh Liu is an analyst researching whether a...
-
For the following exercises, rewrite the sum as a product of two functions or the product as a sum of two functions. Give your answer in terms of sines and cosines. Then evaluate the final answer...
-
What is the default port used by orbd? (a) 800 (b) 900 (c) 1099 (d) 8080
-
On November 1, Year 1, Farley Corporation sells receivables due in six months with a carrying amount of $100,000 to Town Square Bank for a cash payment of $95,000, subject to full recourse. Under the...
-
On December 1, Year 1, Traylor Company sells $100,000 of short-term trade receivables to Main Street Bank for $98,000 in cash by guaranteeing to buy back the first $15,000 of defaulted receivables....
-
On December 1, Year 1, Traylor Company sells $100,000 of short-term trade receivables to Main Street Bank for $98,000 in cash by guaranteeing to buy back the first $15,000 of defaulted receivables....
-
How do you measure team compliance and competence of the roles allocated within the budget/financial plans?
-
How do demographic shifts, including changes in population dynamics, migration patterns, and urbanization, shape the landscape of social change at both local and global scales?
-
How do emergent macro-level phenomena, such as globalization and technological advancements, catalyze social change across diverse cultural landscapes?
Study smarter with the SolutionInn App