Performance Measurement of Foreign Operations Under Floating Exchange Rates (Classic Reprint) - Tapa blanda
Sinopsis
Understand how foreign exchange moves shape performance data and what that means for management decisions.
This book explains how translation methods under international accounting standards affect reported earnings, risk assessments, and performance measurement. It contrasts historic-cost translation with newer inflation-adjusted approaches and shows how these choices influence budgeting, control systems, and decision making in multinational companies.
- How different translation rules change the appearance of profits and return on investment
- The role of inflation, interest rates, and exchange rate behavior in financial reporting
- Practical guidance on separating expected and unforeseen gains and losses
- Implications for internal controls, performance metrics, and management incentives
Ideal for readers of finance, accounting, and international business who want to understand the link between currency movements and management information systems.
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Reseña del editor
Excerpt from Performance Measurement of Foreign Operations Under Floating Exchange Rates
Fas 8 had been issued in 1976 in order to replace the variety of previously acceptable methods of accounting for foreign income with one uniform standard. The historic-rate translation method of fas 8 treated foreign income as if it had occurred in dollars. It also required that all translation gains and losses be recorded in current income, thereby.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Reseña del editor
Excerpt from Performance Measurement of Foreign Operations Under Floating Exchange Rates
One of the problems facing the managers of corporations with overseas subsidiaries which distinguish them from their uninational colleagues is that a large proportion of corporate activity is undertaken within different monetary jurisdictions; specifically, foreign subsidiaries earn income denominated in different currencies. For the purpose of preparing consolidated quarterly published accounting statements, as required by the Securities and Exchange Commission (SEC), rules have to be devised to translate these foreign currency (FC) accounting statements into local currency (LC), i.e. US dollars.
In December 1981, the Financial Accounting Standards Board (FASB) issued Statement of Financial Accounting Standards No. 52: Foreign Currency Translation (FAS 52), which replaced an earlier statement FAS 8: Accounting for the Translation of Foreign Currency Transactions and Foreign Currency Financial Statements.
FAS 8 had been issued in 1976 in order to replace the variety of previously acceptable methods of accounting for foreign income with one uniform standard. The historic-rate translation method of Fas 8 treated foreign income as if it had occurred in dollars.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Performance Measurement of Foreign Operations Under Floating Exchange Rates
Impresión bajo demandaLibrería: Forgotten Books, London, Reino Unido
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Paperback. Condición: New. Print on Demand. This book critically examines the historic cost basis of accounting - known as the 'Statement of Financial Accounting Standards No. 52' - and its adoption and use in performance measurement for foreign operations under floating exchange rates. The author argues that the conventional accounting treatment of foreign exchange gains and losses, and the similar treatment of translation, can lead to a biased measure of operating income. This is because historic cost accounting does not sufficiently adjust for inflation, and exchange rate movements under floating exchange rates are highly volatile. The author also examines the impact of the adoption of FAS 52 on internal control systems and finds that many multinational corporations potentially encourage non-optimal decisions by their use of reward systems and lack of consideration for the impact of FAS 52 on the measurement of net income and return on investment. The book concludes by highlighting the need for more objective accounting principles, and emphasising the significant role of the accounting profession in establishing such standards. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Nº de ref. del artículo: 9781332274550_0
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Performance Measurement of Foreign Operations Under Floating Exchange Rates Classic Reprint
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PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000. Nº de ref. del artículo: LW-9781332274550
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Performance Measurement of Foreign Operations Under Floating Exchange Rates Classic Reprint
Librería: PBShop.store UK, Fairford, GLOS, Reino Unido
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PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000. Nº de ref. del artículo: LW-9781332274550
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Performance Measurement of Foreign Operations Under Floating Exchange Rates (Classic Reprint)
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Forgotten Books, 2015
ISBN 10: 1332274552
ISBN 13: 9781332274550
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Condición: Hervorragend. Zustand: Hervorragend | Sprache: Englisch | Produktart: Bücher | Keine Beschreibung verfügbar. Nº de ref. del artículo: 26101869/1
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