A Roadmap for Foreign Currency Transactions Accounting | Deloitte US has been added to your bookmarks.
A roadmap to foreign currency transactions and translations (2017)
This Roadmap provides Deloitte’s insights into and interpretations of the accounting guidance under ASC 830. Each chapter of the publication typically starts with a brief introduction and includes excerpts from ASC 830, Deloitte’s interpretations of those excerpts, and examples to illustrate the relevant guidance.
This Roadmap reflects guidance that is effective for annual reporting periods beginning on or after January 1, 2017. Each chapter of this publication typically starts with a brief introduction and includes excerpts from ASC 830, Deloitte’s interpretations of those excerpts, and examples to illustrate the relevant guidance (highlighted by “Connecting the Dots” icons). This publication also addresses relevant SEC considerations and highlights from the meetings of the CAQ SEC Regulations Committee’s International Practices Task Force (highlighted by “SEC Considerations” icons). In addition, the Roadmap identifies limited pending content from recently issued ASUs (highlighted by “Changing Lanes” icons). Readers should refer to the transition guidance in the ASC or in the relevant ASU to determine the effective date(s) of the pending guidance.