_____ is the impact of currency exchange rates changes on the reported financial statements of a company.

Question

Quizplus · Accepted Answer

Translation exposure refers to the impact of currency exchange rate changes on the financial statements of a company that operates in more than one country. This exposure arises when the financial statements of a foreign subsidiary are translated into the reporting currency of the parent company. The translation process can result in changes in the reported financial results due to fluctuations in the exchange rates.

_____ Is the Impact of Currency Exchange Rates Changes on the Reported