accounting principles accounting software accounts payable international accounting standards 
Accounting Seed
MARCH 17, 2022
When you receive the money, the foreign currency accounting standard says you can’t automatically write down $50,000. GAAP Rules for Foreign Exchange Accounting. Generally Accepted Accounting Principles (GAAP) require you to translate the payment amount into dollars using the current exchange rate or “spot” exchange rate.
inDinero Accounting
JUNE 24, 2021
What is the indirect method of accounting for cash flow? How are accounts payable handled on a cash flow statement? If you have a specific question about how to get the most out of your business financials, inDinero’s accounting and tax experts are here to help. GAAP is short for generally accepted accounting principles.
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