Examlex
In a pull-based model of SCM systems,production master schedules are based on forecasts of demand for products.
Functional Currency
The primary currency used by a business entity in its operations, which is generally the currency of the primary economic environment in which the entity operates.
Exchange Rate
The value of one currency for the purpose of conversion to another.
Translating
The process of converting the financial statements of foreign subsidiaries into the parent company's reporting currency.
Temporal Method
A method of foreign currency translation that uses exchange rates based on the timing of the actual transactions.
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