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.
Get an accurate and reliable currency data that easily integrates with your current ERP, CRM, or Accounting systems. XE Currency Data API offers live rates for every currency in the world.With 160+ global sources, the XE Rate Blender monitors the quality of incoming data for the highest accuracy.et an accurate and reliable currency data that easily integrates with your current ERP, CRM, or Accounting systems. XE Currency Data API offers live rates for every currency in the world.