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mywittyname | 1 month ago

This is the standard for all financials, they just don't normally call it out as such.

It just means that they are assuming a fixed exchange rate for currencies over a period of time (often a month, quarter, or year), rather than reporting foreign income/holdings in current market value dollars.

I'm not an accountant, but I did do dev work for exactly this to align Netsuite with internal dashboards for reporting.

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