________ is the impact on the firm's consolidated financial statements of fluctuations in exchange rates that change the value of foreign subsidiaries as measured in the parent's currency.

Question

Quizplus · Accepted Answer

Translation exposure refers to the impact on a company's financial statements due to changes in exchange rates affecting the value of its foreign subsidiaries when their financials are consolidated into the parent company's currency.

________ Is the Impact on the Firm's Consolidated Financial Statements