Within financial reporting, transaction amounts are typically entered in multiple currencies and these amounts are entered at different times throughout the year. Take, for example, a sale that has a ...

Credit cards and banking specialist Jenn Underwood brings over 16 years of personal finance experience to the table. After a decade of teaching courses in banking, debt reduction, budgeting and credit ...

Financial instrument transactions marked-to-market as a section 1256 contract if held on the last business day of the taxable year[1] Regulated Futures Contract (RFC) or nonequity option transactions ...

A foreign-currency transaction is one that requires settlement, either payment or receipt, in a foreign currency. When the exchange rate changes between the original purchase or sale transaction date ...

Review your credit card fee policies before traveling outside the U.S. to avoid surprise costs. If needed, apply for a credit card without travel-related surcharges and fees. To avoid high conversion ...

Jenn spent the last decade empowering people to make informed personal finance decisions. As a freelance writer and public speaker, she's committed to helping people achieve their goals. She is ...