FASB 52 -- Foreign Currency Translations; Its Theoretical Underpinnings

Date of Submission

1987

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. 7

Abstract

Table of Contents:

Introduction.

I. TRANSLATION METHODS Current Rate Method, Current Method, Monetary Method, Temporal Method, Net Investment Approach.

II. HISTORICAL RATE VERSUS CURRENT RATE

III. MONETARY NONMONETARY APPROACH Classification of Assets

IV. A COMPARISON OF STATEMENT NO. 8 AND STATEMENT NO. 52

V. THE FUNCTIONAL CURRENCY CONCEPT

VI . REMEASUREMENT

VII. THE TRANSLATION PROCESS

VIII. FOREIGN CURRENCY TRANSACTIONS Foreign Currency Transaction other than Foreign Exchange Contracts, Forward Exchange Contracts, Hedge of Identifiable Foreign Currency Commitment, Hedge of an Exposed Net Asset or Liability Position

CONCLUSION

BIBLIOGRAPHY

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