This video will help you master foreign currency transactions and remeasurement/translation. Sign up for a free trial with Universal CPA Review: app.universalc...
Пікірлер: 12
@rajnijoshi99982 ай бұрын
Very well explained. Just started my CPA journey, your videos are helping me a lot.
@universalcpareview20 күн бұрын
Best of luck!
@STYLEislOVE Жыл бұрын
Thank you for this refresher!! I am taking FAR in two days and I had a hard time differentiating and keeping the differences straight between foreign currency transactions/remeasurement/translation!
@devanjalibasou633111 ай бұрын
Sooooo good...extremely well explained. Thank you
@vytran5236 Жыл бұрын
Thank you so much for explaining it in an easy way!
@sonafrancis7010 Жыл бұрын
thanks a lot for explaining this concept as simple as possible :)
@universalcpareview Жыл бұрын
You’re welcome! Come sign up for a free 7-day trial! www.universalcpareview.com/start-a-free-trial/
@Melissa-qz7tz Жыл бұрын
thank you for this!!
@abdulmanaf1942 Жыл бұрын
In which chapter of FAR this is explained?
@universalcpareview Жыл бұрын
Chapter 6!
@nikitagarg42432 жыл бұрын
Can you explain average rate?
@universalcpareview2 жыл бұрын
Average rate is used for the income statement since it captures activity over a period of time and not a point in time (like the balance sheet). So average rate would be an average of the spot rate across a period of time. Most companies will calculate the average monthly rate using the daily spot rate, and then convert each month of financial results using that average monthly rate.