• Overview
• Cash flow forecast
• Transfer of funds
• Currency exchange
• Working in several currencies

• Case studies
• Resources

Resources

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Cash flow forecast worked example

Budget detail and cash flow

Exchange rate loss worked example

At the start of his mission, Xavier exchanged Euros into Zeds believing he would need to make purchases in Zed. This did not happen and at the end of his mission, he exchanged all the Zeds back into Euros. The exchange rate however had changed during his mission, and the number of Euros he was able to buy was less than the number he originally sold. In effect he 'lost' Euro 218 and this would be shown in the accounts as an exchange rate loss.