search query: @author Duangploy, O. / total: 3
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Author:Duangploy, O.
Owings, G.
Title:The compatibility of multicurrency accounting with functional currency accounting
Journal:International Journal of Accounting
1997 : VOL. 32:4, p. 441-462
Index terms:ACCOUNTING
CURRENCY
FINANCE
Language:eng
Abstract:In today's high-tech and global economy, this study introduces multicurrency accounting as an effective tool to manage resources and compares its reporting capabilities with current generally accepted accounting principles. Further, it proposes a means to integrate multicurrency accounting into internal reporting and external reporting as supplemental disclosures. Multicurrency accounting has the merit of reflecting the true exposure position of each hard currency, in addition to the dollar-based consolidated financial statement.
SCIMA record nr: 171071
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