Theories and Practices of Foreign Currency Translation

Date of Submission

1986

Document Type

Thesis

Degree Name

Master of Science in Accounting

Department

Accounting

Advisor

Michael Rolleri

LCSH

Foreign exchange--Accounting

Call No. at the Univ. of New Haven Library

AS 36 .N29 Acc. 1987 no. 6

Abstract

The goal of this thesis is to explore the issue of how to best account for foreign currency translation in a world of fluctuating exchange rates. My goal is to present this issue chronologically from a theoretical and a practical viewpoint, and then to conjecture into the future.

As will become evident within this thesis, the issues relating to accounting for changing prices are related to this subject. In fact, I feel that there will be theoretical and/or practical difficulties in any method of accounting for foreign currency translation that may be in effect, until the accounting profession reaches a final decision on how to account for changing prices.

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