Foreign currency translation under the temporal rate method

Makar, Stephen D.; Stanko, Brian B.; Zeller, Thomas L.

doi:10.1007/bf02295469

Cited by 2 publications

(2 citation statements)

References 10 publications

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“…8 issued by the Financial Accounting Standards Board (SFAS 8, 1975), which was followed by SFAS 52 (1981). Dukes (1978), Evans, Folks and Jilling (1978), Jilling (1979) and Shanks, Dillard and Murdoch (1979) Aliber and Stickney (1975), Beaver andWolfson (1982) Huefner, Ketz andLargay (1989), McNown and Wallace (1989), Mahdavi and Zhou (1994), Makar, Stanko and Zeller (1996) and Ziebart and Choi (1996) among others. Which methods are to be preferred is still in dispute.…”

Section: Efforts To Create Standardsmentioning

confidence: 99%

“…It focuses on the purchasing power parity relationship and whether the methods used in accounting give a satisfactory picture of that relationship (see e.g. Aliber and Stickney, 1975;Beaver and Wolfson, 1982;Makar, Stanko andZeller, 1996, andZiebart andChoi, 1996). The body of literature in this area, as in the case of the exchange rate area, still lacks consensus as regards the methods to be preferred.…”

Section: Efforts To Create Standardsmentioning

confidence: 99%

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The Impact of Macroeconomic Variables on Corporate Performance - What Shareholders Ought to Know?

Oxelheim

2002

SSRN Journal

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Increased integration and growing macroeconomic fluctuations require more attention to be paid to the link between the "noise" that these fluctuations represent and the company's own development. For many reasons management must weed out the effects of the "noise" so as to obtain a clear picture of the long-term sustainable profits, and thus a picture of how the company's intrinsic competitiveness is fostered. An understanding of the effects of the fluctuations also provides the basis for risk assessment. How far, then, should this "new" view of corporate performance be extended to outsider shareholders? Current reporting practice does not provide these shareholders with an adequate idea of the character and magnitude of the macroeconomic impact on the company. IAS 1 (rev. 1997) indicates that an improvement in this important area may be in the offing. This paper discusses four different interpretational levels of this standard and what these levels mean in terms of relevant information transmitted to outsider shareholders.

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