Other
Foreign currency effect
Accenture Foreign currency effect remained flat by 0.0% to $856.25K in Q2 2024 compared to the prior quarter. Year-over-year, this metric declined by 74.5%, from $3.36M to $856.25K. Over 2 years (FY 2021 to FY 2024), Foreign currency effect shows an upward trend with a 46.6% CAGR.
Analysis
StatementIncome Statement
SectionOther
CategoryRisk
SignalContext dependent
VolatilityModerate
First reportedQ1 2021
Last reportedQ4 2024Oct 10, 2025
How to read this metric
This is primarily a mechanical accounting adjustment and does not necessarily reflect a change in tax strategy or risk.
Detailed definition
Reflects the impact of foreign currency exchange rate fluctuations on the valuation of unrecognized tax benefit liabilit...
Peer comparison
Standard adjustment line item in the tax footnote for multinational companies with global operations.
Metric ID:
other_unrecognized_tax_benefits_increases_resulting_from_0e6d84Historical Data
3 years
| FY'21 | FY'23 | FY'24 | |
|---|---|---|---|
| Value | $1.59M | $13.42M | $3.43M |
| YoY Change | — | +742.4% | -74.5% |
Range$1.59M – $13.42M
CAGR+46.6%
Avg YoY Growth+334.0%
Median YoY Growth+334.0%
Foreign currency effect at Other Companies
Frequently Asked Questions
- What is Accenture's foreign currency effect?
- Accenture (ACN) reported foreign currency effect of $856.25K in Q2 2024.
- How has Accenture's foreign currency effect changed year-over-year?
- Accenture's foreign currency effect decreased by 74.5% year-over-year, from $3.36M to $856.25K.
- What is the long-term trend for Accenture's foreign currency effect?
- Over 2 years (2021 to 2024), Accenture's foreign currency effect has grown at a 46.6% compound annual growth rate (CAGR), from $1.59M to $3.43M.
- What does foreign currency effect mean?
- Changes in the value of tax liability reserves caused by shifts in foreign currency exchange rates.