AM Corp Blog

Blogs about corporation startup tips, accounting and taxation basics.

Choosing the Right Functional Currency is Key to Effective Reporting

Posted by AM Corporate Services Pte. Ltd. 04. 23. 2017

Choosing the correct functional currency is key to effective reporting. As markets are increasingly globalized, companies are more often engaged in international trade, cross-border alliances and joint ventures. Businesses are no longer confined to their origin countries. 
Companies conduct business in the international market for two main reasons:

  • To buy goods and services from overseas suppliers or sell them to overseas buyers.
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Topics: Functional Currency, Management