Foreign Currency Translation by United States Multinational Corporations : Toward a Theory of Accounting Standard Selection.

Cover -- Half Title -- Title Page -- Copyright Page -- Original Title Page -- Original Copyright Page -- Table of Contents -- List of Tables -- List of Figures -- Acknowledgements -- Abstract -- I. Introduction -- II. SFAS 52 in Perspective -- International Exchange Rate Volatility -- World War I and the Gold Standard -- 1920s and Exchange Rate Volatility -- Volatility from the 1930s to the 1980s -- International Investment Increases -- Accounting Profession's Response -- Translation Methods -- Current/Noncurrent Method -- Monetary/Nonmonetary Method -- Temporal Method -- Current Rate Method -- Reporting Options -- SFAS 8 Introduced -- SFAS 8 Criticized -- SFAS 8 Revised -- III. SFAS 52 Compared to SFAS 8 -- Objective of Translation -- Measurement Concept -- Entity Concept -- Realization versus Recognition -- Translation Adjustments -- Hedging -- Foreign Exchange Exposure -- Exchange Rate Selection -- IV. Literature Review -- Research Prior to the 1970s -- Two Financial Accounting Concepts -- Disclosure Concept -- Realization Concept -- Multinational Corporate Practices -- Reported Earnings and Security Market Prices -- Reported Earnings -- Security Market Prices -- Attitudes of Multinational Managers -- Performance Evaluation -- Future Research -- V. Methodology -- Major Research Question -- Supplementary Research Questions -- Four Hypotheses -- Dissertation Scope -- Data Described -- Criteria for Selecting Data -- RH Four and SRQ Four -- Data Characteristics -- Research Design -- Treatment of Data -- Research Methodology Summarized -- Historical Background -- Relevant Research -- SFAS 52 Compared to SFAS 8 -- Standard Selection -- VI. Results -- Research Results Summarized -- Accounting Standard Selection -- SRQ Four -- Choice of Increased or Decreased Reported Earnings -- RH Four -- Change in Reported Earnings -- Four Deviant Corporations.

VII. Conclusions -- Historical Background -- SFAS 52 Compared to SFAS 8 -- Prior Research -- Accounting Standard Selection Theories -- Future Research -- Leverage -- Percentage of Assets -- Percentage of Sales -- Change in Management -- Discriminant Analysis -- Impact on EPS -- Appendixes -- References -- Index.

In this book, first published in 1993, the author examines financial accounting regarding foreign currency translation for and by multinational corporations. This title will be of interest to students of business studies.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.