Accounting and Finance ERP Components Manage Accounting Data and Financial

question 8

Short Answer

Accounting and finance ERP components manage accounting data and financial processes ___________ the enterprise,with functions such as general ledger,accounts payable,accounts receivable,budgeting and asset management.

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Definitions:

Forward Rate

The agreed-upon exchange rate for a currency pair to be traded at a future date, used in forward contracts.

Exchange Rate

The cost of converting one currency into another, establishing the equivalent worth of one currency in relation to another.

Spot Rate

The immediate market price for a particular asset allowing for its instant purchase or sale.

Repatriating Profits

Refers to the process of transferring the profits earned from a foreign subsidiary back to the company’s home country.