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Managing Foreign Operations and Currency Translation

  Arthur F. Rothberg, Managing Director, CFO Edge, LLC  
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  Article Summary  
When a multinational corporation based in the United States owns over 50 percent of a foreign entity, the American parent company is typically required to provide consolidated financial statements.

This can be a complex process, and this article looks at the factors that must be considered when managing the translation of foreign finances.

Areas addressed include the functional currency, conversion to US GAAP, remeasuring, conversion rates, inflation rates and additional special circumstances.

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