Foreign Currency Translation Simulator

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Foreign Currency Translation Simulator

Foreign Currency Translation Simulator

Simulate the translation and remeasurement of foreign subsidiary financial statements.

Input Data

Exchange Rates

Subsidiary Financials (in LCU)

Enter the local currency unit (LCU) amounts from the subsidiary's financial statements.

Translation (Current Rate Method)

Used when the local currency is the functional currency. Translation adjustments go to OCI.

Remeasurement (Temporal Method)

Used when the reporting currency is the functional currency. Remeasurement gains/losses go to the Income Statement.

Financial Controller · 해외법인 재무·회계 12년+ · USCPA 시험 합격(2016)

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