What are some Forex Worksheet usage scenarios?

Jay Goodis -

Converting financial statements to a foreign currency
  • Balance sheet items might be translated using the "Average for day"
  • Income statement items might be translated using an "Average for year"

Converting tax returns
  • Convert income, deductions, and credits to/from Canadian dollars

Converting material items for Canadian tax or accounting purposes
  • e.g. capital transactions denominated in foreign currencies

Generating relevant forex tables for reference
  • e.g. printout of often used rates for each lookup
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