[size=0.95em]The inaugural edition of our accounting and financial reporting guide, Foreign currency, addresses the accounting for foreign currency transactions and foreign operations under U.S. GAAP. The guide discusses the framework for accounting for foreign currency matters, accounting implications, and includes specific examples related to various topics such as:

• Determining functional currencies
• Accounting for foreign currency transactions
• Translating financial statements of foreign entities
• Highly inflationary economies
• Intercompany transactions denominated in foreign currencies
• Acquisitions and dispositions of foreign operations