What are Foreign Currency Gains and Losses?
If you do business with any operator who resides outside the United States, then Foreign Currency Gains and Losses may affect your developer payment. The exchange rate sources and dates vary for each operator and are based on each operator’s specific contract language. If an invoice is converted to USD prior to sending to the operator, and then paid to Qualcomm in USD there will be no currency gain or loss.
Related Questions
- At the end of the accounting period we need to adjust our foreign currency balances to recognize any gains or losses that have accumulated on foreign receivables. Can this be done automatically?
- At the end of the accounting period we need to adjust our foreign currency balances to recognize any gains or losses that have accumulated on foreign payables. Can this be done automatically?
- What are Foreign Currency Gains and Losses?
