Mastering Multi-Currency Accounting for Trade

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This workshop aims to enhance understanding of export/import accounting, focusing on key risks such as foreign exchange, tax implications, and cash flow management. Participants will explore transaction and functional currencies, double-entry accounting principles, and the intricacies of duties, taxes, and landed costs. Practical examples, including a case study on FX impact, will illustrate core concepts. The session will conclude with a review of realized versus unrealized FX, emphasizing...