Inventories and Foreign Currency Translation Requirements PDF Download

Author: Kathleen Ranney Bindon
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 176

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Author: Dahli Gray
Publisher: Routledge
ISBN: 1351985027
Category : Business & Economics
Languages : en
Pages : 120

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Multinational corporate managers, financial analysts, and accountants disagree on what constitutes the appropriate process of translating and consolidating foreign financial statements into US financial statements. In this book, first published in 1993, the author examines financial accounting regarding foreign currency translation for and by multinational corporations by developing: (a) an historical background for the topic, (b) a comparative analysis of two foreign currency translation accounting standards, (c) a topical review of relevant prior research, and (d) a study of multinational corporate managers’ actions when they face a choice between two accounting standards. This title will be of interest to students of business studies.

Author: Chris Sebastian Heidrich
Publisher: diplom.de
ISBN: 3832486496
Category : Business & Economics
Languages : en
Pages : 119

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Inhaltsangabe:Abstract: The paper deals with foreign currency translation under IAS/IFRS considering hedging strategies that help to minimize foreign currency exposures. It is broadly described, which currency exposures companies face, which basic hedging strategies exist and how they are accounted for in consolidated financial statements of international groups. After the foreign currency exposures are introduced and basic hedging strategies for each of these exposures are provided, the procedure of foreign currency translations according to IAS 21 (revised 2003) is introduced. The paper deals with the translation of transactions denominated in currencies other than the company s home currency as well as with the inclusion of foreign subsidiaries in the consolidated financial statements. Therefore, various examples are provided. As the topic of the thesis is foreign currency hedging, a closer look is taken on IAS 39 (revised 2003) which includes introduction of the three kinds of hedging and their accounting as required by IAS 39. Especially the links between IAS 21 and IAS 39 are pointed out and analyzed. Also the section dealing with IAS 39 provides various examples that make the reader understand the accounting and consolidation procedures. At the end, exposure drafts of the IASB dealing with IAS 39 are introduced and the possible effects are briefly mentioned. This paper also includes a case study, based on the example of a big Chilean incorporated Company. This case study provides the problems and possible solutions of foreign currency risks a real company faces as well as the related accounting issues. Furthermore, the case study shows, how foreign currency hedges are accounted for using other accounting principles (here Chilean GAAP) and which steps have to be taken to perform a reconciliation from Chilean GAAP to IFRS. As the thesis has been presented at a German university, all questions and important points are seen from both, a theoretic view and a practical view. It provides the reader a comprehensive knowledge of currency translation and hedge accounting and makes him able to understand where these two topics are linked and which problems related to this topic companies face when preparing (consolidated) financial statements under IFRS. Inhaltsverzeichnis:Table of Contents: AcknowledgementsI AbbreviationsV List of TablesVII 1.ntroduction1 2.Management of Foreign Currency Risks5 2.1Currency Exposures5 2.1.1General [...]

Author:
Publisher:
ISBN:
Category : Accounting
Languages : en
Pages : 35

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Author:
Publisher:
ISBN: 9780754553625
Category :
Languages : en
Pages :

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Author: Susanne Finke
Publisher: John Wiley & Sons
ISBN: 0471794783
Category : Business & Economics
Languages : en
Pages : 216

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"SAP Foreign Currency Revaluation-regulations, its impact, and whatit takes to implement it in SAP-is a single handbook thatsimplifies a complex and daunting task of currency valuation forSAP and other ERP implementers. A must-read!" -Kalpesh Khandhadia, SAP Consultant, Linksoft-IT Inc. "Following the process presented in this book, we eliminated thehours we spent each month manually reviewing and adjusting ourglobal currency financial statements. Thank you Susanne Finke, formaking this complicated topic understandable!" -Ron Roberts, Process Lead, Financial Systems, Hollister Inc. "It's great to see all the foreign currency information captured inone place and spelled out so clearly. Great job!" -Nadean L. Moore, SAP FI Consultant, Moore Consulting "This SAP Foreign Currency Revaluation book . . . covers thenecessary SAP tables and transactions for revaluation and providesexcellent examples of the SAP entries. A well-written book." -Dave Paz, SAP Consultant, DLP Consulting LLC With essential information on the proper rules and regulationsneeded to comply with FAS 52, SAP Foreign Currency Revaluation: FAS52 and GAAP Requirements is a valuable reference for controllers,CFOs, IT and accounting managers, and SAP consultants who areinvolved in FAS 52 compliance projects, regardless of whether theircompanies are using SAP, Oracle, PeopleSoft, or proprietarysoftware. Its detailed coverage of statutory requirements, business executionof currency revaluation in SAP, and SAP configuration walks readersthrough: * The U.S. accounting statutory requirements, net income,organizational, and financial consolidation impacts * An overview of currency revaluation with discussion of stocktransfer and tax implications * FAS 52 requirements for currency exchange rates andtranslation * Corporate standards for G/L indicators that are impacted bycurrency revaluation * Three methods available to execute currency revaluation and theirdifferences * One of the newer ways the SAP R/3 software provides users toexecute currency revaluation * The SAP configuration to implement currency revaluation * Setting up custom variants to view the critical fields used inthe currency revaluation

Author: Denise M. Guithues
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 170

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Author: Laurent L. Jacque
Publisher: Springer Science & Business Media
ISBN: 9400918062
Category : Business & Economics
Languages : en
Pages : 392

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Book Description
Since I first published Management of Foreign Exchange Risk (Lexington Books, 1978), financial innovation-spurred, in part, by exploding volatility in currency prices-has revolutionized the theory and praxis of foreign exchange risk management. Old-fashioned forward contracts have surrendered market share to currency swaps and options as well as to their perpetually multiplying derivatives. Interestingly, forex derivatives now provide a low cost and highly efficient method of transferring risk from the firms that are exposed to risk but which would rather not be (i. e. , risk-hedgers) to those which are not exposed but which-in exchange for a fee-would assume some exposure to risk (i. e. , risk bearers). Perhaps more importantly, foreign exchange risk management, which was once a fairly mechanical task confmed to the international treasury function, is now permeating global strategic management. Indeed, since the demise of the Bretton Woods system of pegged exchange rates, the cost of forex hedging instruments has fallen so dramatically that firms can readily avail themselves of hedging products which can reduce unwanted risk, thereby potentially gaining a competitive advantage over rivals that do not. Management and Control of Foreign Exchange Risk has grown out of a fundamental revision of my earlier work published almost 20 years ago. In the process, my thinking about risk and its mathematics has greatly benefitted from my association with John Cozzolino and Charles Tapiero.

Author: Paul Taylor
Publisher: SAGE
ISBN: 1849207097
Category : Business & Economics
Languages : en
Pages : 385

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Book Description
Consolidated Financial Reporting introduces and examines what is currently the most central and controversial area in financial reporting. In an innovative and distinctive way the author integrates concepts, techniques, controversies and current practice. Techniques are introduced within a framework which shows why they work and what the figures mean. Controversial issues are grounded within modern accounting theory and practice. All core areas and relevant standards are covered including: acquisition and merger accounting; fair values at acquisition; goodwill; consolidated cash flow statements; reporting consolidated financial performance; foreign currency translation; segmental reporting; off-balance sheet financing; and related party transactions. The book is designed so that readers with particular interests - for example in technical matters or concepts and standards - can easily find their way through clearly marked sections. Discussion and calculation reinforce each other - calculations illustrate controversies, and controversies and concepts illustrate techniques. Examples are carefully graduated and care is taken not to obscure principles with unnecessarily complex calculations. Materials are set into an international context. The book is both rigorous and accessible. It is an extensive revision of and successor to the author′s 1987 title Consolidated Financial Statements. Because of recent theoretical and institutional developments, an enormous amount of new material has been added and new teaching approaches to many areas included. There are many more worked examples and exercises as well as approachable discussions of ′state-of-the-art′ advanced topics. The solutions notes for each case are avilable on a disk for instructors who recommend the book for course use.

Author: Tim Weithers
Publisher: John Wiley & Sons
ISBN: 1118046218
Category : Business & Economics
Languages : en
Pages : 290

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Praise for Foreign Exchange "Tim Weithers starts by telling the reader that foreign exchange is not difficult, just confusing, but Foreign Exchange: A Practical Guide to the FX Markets proves that money is much more exciting than anything it buys. This useful book is a whirlwind tour of the world's largest market, and the tour guide is an expert storyteller, inserting numerous fascinating insights and quirky facts throughout the book." -John R. Taylor, Chairman, CEO and CIO, FX Concepts "The book reflects the author's doctorate from the University of Chicago, several years' experience as an economics professor, and, most recently, a very successful decade as an executive at a huge international bank. These fundamental ingredients are seasoned with bits of wisdom and experience. What results is a very tasty intellectual stew." -Professor Jack Clark Francis, PhD, Professor of Economics and Finance, Bernard Baruch College "In this book, Tim Weithers clearly explains a very complicated subject. Foreign Exchange is full of jargon and conventions that make it very hard for non-professionals to gain a good understanding. Weither's book is a must for any student or professional who wants to learn the secrets of FX." -Niels O. Nygaard, Director of Financial Mathematics, The University of Chicago "An excellent text for students and practitioners who want to become acquainted with the arcane world of the foreign exchange market." -David DeRosa, PhD, founder, DeRosa Research and Trading, Inc., and Adjunct Professor of Finance, Yale School of Management "Tim Weithers provides a superb introduction to the arcana of foreign exchange markets. While primarily intended for practitioners, the book would be a valuable introduction for students with some knowledge of economics. The text is exceptionally clear with numeric examples and exercises that reinforce concepts. Frequent references are made to the economic theory behind the trading practices." -John F. O'Connell, Professor of Economics, College of the Holy Cross