Translation and conversion are different

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Translation vs. Conversion

Translation and conversion are different. One is the physical exchange of one currency for another, and the other is the restatement of the currency in another form, such as British pounds, U.S. dollars, and Japanese yen.

Keeping in mind the global economic expansion that will take place over the next 10 years, which method do you think is better from the perspective of international accounting? Justify your position.

Reference no: EM13744724

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Translation and conversion are different : Translation and conversion are different. One is the physical exchange of one currency for another, and the other is the restatement of the currency in another form, such as British pounds, U.S. dollars, and Japanese yen.

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