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| Author: | Ziebart, D. Choi, J. |
| Title: | The difficulty of achieving economic reality through foreign currency translation |
| Journal: | International Journal of Accounting
1998 : VOL. 33:4, p. 403-414 |
| Index terms: | ECONOMICS CURRENCY TRANSLATIONS |
| Language: | eng |
| Abstract: | The Financial Accounting Standard Board attempted to alleviate the problems with the reporting of foreign operations and foreign currency translation adjustments by listing SFAS No. 52. This study examines the sign and magnitudes of the reporting errors that result under the best translation approach -- current cost translated at the current exchange rate. Accordingly, a benchmark is established regarding the "best" we will be able to accomplish when certain foreign currency market conditions exist. |
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