Overview of Foreign Currency Translation under ASC 830

Remeasurement is the process of “remeasuring” or converting financial statement amounts that are denominated in another currency to the entity’s functional currency. And, that change in expected currency cash flows is required to be recorded as foreign currency...

FOB Incoterms: What FOB Means and Pricing

FOB term gives you a clearer idea of the local charge on the country of origin. If you don’t know about too much about logistic cost, FOB is better for you than FCA, since you can compare with an overall price from sellers’ quotations. Whether...