Retrieving "Fasb Guideline 117 B" from the archives

Cross-reference notes under review

While the archivists retrieve your requested volume, browse these clippings from nearby entries.

1. Currency Risk

   Linked via "FASB Guideline 117-B"

   Translation exposure, sometimes called accounting exposure, is the risk that a company's consolidated financial statements will be affected by currency fluctuations when the financial results of foreign subsidiaries, which keep their books in local currencies, are translated back into the parent company's reporting currency. This risk does not directly impact cash flows but affects reported earnings and balance sheet fi…