1、conversion（兌換）

Actually exchanging one currency for another is called conversion (e.g., when you convert your U.S. dollars into Japanese yen upon landing at Osaka airport).

2、direct quote（直接報價）

The direct quote represents the price of one unit of the foreign currency priced in the domestic currency.

3、function currency(功能貨幣)

Functional currency which it defines as the currency of the primary economic environment in which the foreign subsidiary operates and generates cash flows.

4、current cost-adjusted model

The current cost-adjusted（CCA） model which focuses on the specific price changes of physical assets owned by each business entity.

5、convenience translations

Convenience translations represent a minimal effort on the part of companies to respond to their foreign users.6、6、transaction exposure

Transaction exposure relates to the sensitivity of the firm’s contractual cash flows denominated in foreign currency to exchange rate changes as measured in the firm domestic

currency.

7、currency option(貨幣期權(quán))

Currency option is a contract that provides the right but not the obligation to trade a foreign currency at a set exchange rate on or before a given date in the future.

8、emerging capital market

An emerging capital market is a stock market located in a developing country.

9、money market hedge(套期保值)

A money market hedge is essentially an interest-bearing bank debt or an interest-earning bank deposit (in another currency) intended to offset a receivable or payable (in that currency), respectively.

10、transfer pricing

Transfer pricing relates to the pricing of goods and services that change hands between entities engaged in intrafirm trade.

11、foreign exchange option(外匯期權(quán))

A foreign exchange option is the right but not the obligation to buy or sell a currency on or before a given date at an agreed price.

12、convenience statement(簡易報表)

Convenience statements are a mixed blessing in that they have the potential to mislead the foreign user into believing that the accounting principles used in the statements are also those of the user’s country.

13、conceptual framework

Conceptual framework is a coherent system of interrelated objectives and fundamentals that can lead to consistent standards and that prescribes the nature, function, and limits of financial accounting and financial statements.

14、GAAP

Generally accepted accounting principles

15、economic exposure

Economic exposure also known as operating exposure, can be defined as the extent to which the value of the firm would be affected by unexpected changes in currency exchange rates.

【注】：第十四個沒有找到相應(yīng)的解釋，在課本的最后有名詞對應(yīng)的頁碼。