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Financial and accounting terms

Terms that you may want to know when your business trades with suppliers and buyers in foreign markets.

Accounts receivable

Accounts Receivable (AR) is money owed to a company to its buyers for goods or services invoiced that is shown as an asset on a company's balance sheet.

Cross-border commerce often results in either...

Accounting currency

Accounting Currency or Reporting Currency is the currency in which a firm has decided to record all its accounting records of transactions and financial statements. This currency may be different...