International Project Appraisal Forums › ACCA Forums › ACCA AFM Advanced Financial Management Forums › International Project Appraisal This topic has 0 replies, 1 voice, and was last updated 10 years ago by darz. Viewing 1 post (of 1 total) Author Posts June 1, 2016 at 3:11 am #318530 darzMember Topics: 8Replies: 14☆ How do I know which currency to calculate the cash flows in. Am I to assume that the cash flows are to be calculated in the international currency and then the total FCF is converted to the local currency? If u converted all the individual cash flows would this affect tax especially if there are two different tax rates for each country? Author Posts Viewing 1 post (of 1 total) You must be logged in to reply to this topic. Log In Username: Password: Keep me signed in Log In