Foreign Business Operations
We are experienced with international business and foreign currencies. China is the fastest growing economy in the world. However, business and investing rules in China are fundamentally different than in the Western World. Accounting Resources USA has a trusted Chinese interpreter available to translate with your American business.
We want to help you cultivate your foreign business and extend accounting talent for many countries around the world. If your company is using different currencies to transact business, you will need to translate to USD based on the type and time of sale, and present fair values on the Balance Sheet. Values are constantly changing. The accounting treatment for such changes is governed by International Accounting Standard (IAS) 21 and U.S. Financial Accounting Standard (FAS) 52.
We want to help you cultivate your foreign business and extend accounting talent for many countries around the world. If your company is using different currencies to transact business, you will need to translate to USD based on the type and time of sale, and present fair values on the Balance Sheet. Values are constantly changing. The accounting treatment for such changes is governed by International Accounting Standard (IAS) 21 and U.S. Financial Accounting Standard (FAS) 52.
Currency Converter by OANDA
