Finance

What is economic management? Mention of the terms ‘Financial Management’ rapidly brings into mind ‘Money’. That is 1 of the greatest error even some so called monetary professionals make. Monetary management is not just income and if you consider it is, you terribly miss the ‘Management’ bit which is the core concept of monetary management.

Translation or accounting exposure result from the conversion or translation of foreign currency denominated financial statements of foreign subsidiaries and affiliates into the house currency f the parent. This is needed to prepare consolidated economic statements for all firms as nation law needs. The objective is to have all operations worldwide stated in the same currency tars for comparison purposes. Management frequently makes use of these translated statements to judge the overall performance of foreign affiliates and their personnel on the same currency terms as the parent itself.

What is the answer to this dilemma? …

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