Document Type
Article
Publication Date
1921
Abstract
This course acquaints the student with foreign exchange operations, of vital importance in financing our foreign trade, and with the recording of the transactions of a foreign department. Every foreign exchange man must be a lightning calculator. This course, designed principally to help employes of foreign departments and of import and export offices, teaches short cuts in arithmetic, contracted multiplication and division, chain rule, conversion of foreign currencies, arbitrage, and the application of higher commercial arithmetic to exchange operations. Sufficient theory is presented to familiarize the student with the different kind of exchange operations, before the regular monthly business of a foreign department is recorded in the general and subsidiary records kept by banks. In addition to the bookkeeping and accounting of a foreign department there is taken up the preparation of discount statements, of accounts current with interest calculations by three methods, reconciliation of foreign statements to ledger accounts and the work of the auditor of the foreign department. Original item in Boxno. 0409
Relational Format
article
Recommended Citation
Djorup, Christian, "Syllabus of foreign exchange accounting" (1921). Individual and Corporate Publications. 55.
https://egrove.olemiss.edu/acct_corp/55