How Banks Treat FX In Multi-Currency Accounting

by Pat Low

What is multi-currency accounting? Why do banks use this instead of the legacy single currency system?

Traditional way of recognising foreign currency transactions in a base currency of account cannot support the needs of entities operating in an environment of fast moving and massive turnover transactions in multiple currencies. These entities are primarily in the financial services industry. Banks, for example, handle huge volumes of foreign...

• Format: Paperback
• Language: English
• ISBN: B0C649TKMH
• ISBN13: 9798215086773
• Release Date: May 2023
• Publisher: Patpub
• Length: 144 Pages
• Weight: 0.77 lbs.
• Dimensions: 0.3" x 8.5" x 11.0"