foreign currency translation gain/loss
Definition
Paper (unrealized) gain or loss (as on a balance sheet date) resulting from an appreciation or devaluation of the non-local currency in which the assets and/or liabilities of a firm are denominated in its account books.
Popular 'Accounting & Auditing' Terms
foreign currency translation gain/loss in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/foreign-currency-translation-gain-loss.html
