Although accounting for foreign currency matters has always been a challenging area, globalization has led to increased complexities with respect to the application of ASC 830.
ASC 830 comprises five Subtopics related to foreign currency (Overall, Foreign Currency Transactions, Translation of Financial Statements, Statement of Cash Flows, and Income Taxes). 

Based on your research of ASC 830, write a two-paragraph summary, focusing on the key themes covered in chapter  7 or 8 of the text.  
Include a link to your source at the end of the two initial paragraphs in your write-up.