FX ACCOUNT Definition

Bookmark and Share

FX ACCOUNT (Foreign Exchange Account) is a trading account usually based in foreign currencies.

Learn new Accounting Terms

AVERAGE PAYMENT PERIOD (APP) is the number of days an entity takes to pay off credit purchases. As the average payment period increases, cash should increase as well, but working capital will remain the same. Formula: accounts payable / (total annual purchases / 360).

ORDER INTAKE is all orders which were legally concluded during the respective accounting period under review and have also come into effect.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.