In an effort to hammer some of the concepts home I've decided to mind map some of the decision rules, so here is the Foreign Currency Translation section in 3 slides.
Choosing the right method
Differentiating between Current and Temporal
How to balance (what to plug)
Guide to my shorthand.
BS = Balance Sheet
IS = Income Statement
DNE = Does Not Exist
NI = Net Income
REb = Retained Earnings Beginning
Div = Dividend
Dep = Depreciation
MV = Market Value
G/L = Gain or Loss
Inf = Inflation
CHG = Change in
This is a very useful reference. Can I refer to this in the website Mister Exam? at http://www.misterexam.com ?
ReplyDeleteMuch thanks!
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