Prophylactic: A preventive measure. The word comes from the Greek for an advance guard, an apt term for a measure taken to fend off a disease or another unwanted consequence. A prophylactic is a medication or a treatment designed and used to prevent a disease from occurring.
Changes in functional currency amounts that result from the measurement process are called transaction gains or losses; transaction gains and losses are included in net income. Foreign currency translation is the process of expressing a foreign entityâs functional currency financial statements in the reporting currency. Translation adjustments are included in the cumulative translation adjustment (CTA) account, which is a component of other comprehensive income.
Top 10 facts about the world. In the United States, a currency transaction report (CRT) is a document that is filed each time that any financial transaction over the amount of $10,000.00 US Dollars (USD) takes place. The transaction can involve financial instruments such as domestic currency, coin, silver certificates and foreign currency.