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Foreign Currency Transaction Gain or Loss Calculator (ASC 830-20)

What do these figures come to once the work is shown?

Remeasurement of a foreign currency receivable or payable at period end and at settlement, with the gain or loss.

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  • Nothing stored or sent
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Your figures
Example figuresIllustrative only. Type over them with your own.
Gain (loss) at period end
-$30,000
Remeasurement through earnings
Carrying amount at period end (USD)
$1,070,000
Gain (loss) on settlement
$10,000
Drawn to one scale
Gain (loss) at period end-$30,000
Carrying amount at period end (USD)$1,070,000
Gain (loss) on settlement$10,000
Total gain (loss) from transaction date-$20,000
All results
MeasureResult
Gain (loss) at period end-$30,000
Carrying amount at period end (USD)$1,070,000
Gain (loss) on settlement$10,000
Total gain (loss) from transaction date-$20,000
How this was worked out
Work shownrecomputed as you type
Receivable gain = amount x (rate now - rate before)
Payable gain = amount x (rate before - rate now)

Illustrative arithmetic on the figures you enter. Check the result against your firm's methodology before relying on it.

The formulas

  • Receivable gain = amount x (rate now - rate before)
  • Payable gain = amount x (rate before - rate now)

How it works

ASC 830-20-35-1 adjusts a transaction denominated in a currency other than the functional currency to the current exchange rate at each balance sheet date and at settlement. The change is a foreign currency transaction gain or loss in net income.

Rates are entered as US dollars per unit of foreign currency. A receivable gains when the foreign currency strengthens; a payable loses.

Illustrative figures only. Check the result against your firm's methodology before relying on it.

Common questions

Are intercompany balances different?

Intercompany balances of a long-term investment nature are an exception: the effect goes to the translation adjustment in OCI.

Do nonmonetary items give transaction gains?

No. When the books are remeasured into the functional currency, nonmonetary items such as inventory, prepaid expenses and fixed assets use historical rates, so no transaction gain or loss arises on them.

Which rate is current?

The rate at which the transaction could be settled at the measurement date.

Sources

Runs in your browser. The figures you type are not sent to CORAA or stored. Check the result against your firm's methodology before relying on it.

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