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1、本科畢業(yè)論文（設(shè)計(jì)）外文翻譯外文題目Feigncurrencytranslation外文出處InternationalAccounting(4thEdition)[M].PrenticeHall2002.235241.外文作者FrederickD.ChoiGaryK.Meek.原文：原文：FeigncurrencytranslationFeigncurrencytranslationisoneofthemostvexingcontrov

2、ersialtechnicalissuesinaccounting.Ithasdefiedtheeticalpracticalsolutionswillcontinuetobeofgreatinterestduetofluctuatingcurrencymarketstheglobalizationofbusinessthewld’ssecuritiesmarkets.Translationistheprocessofrestating

3、financialstatementinfmationfromonecurrencytoanother.Itisnecessarywheneveracompanywithoperationsinmethanonecountrypreparesconsolidated(group)financialstatementsthatcombinefinancialaccountsdenominatedinonenationalcurrencyw

4、ithaccountsdenominatedinanother(i.e.theparentcountry’s)currency.Manyofitsproblemsstemfromthefactthatfeignexchangeratesareseldomfixed.Variableexchangeratescombinedwiththevarietyoftranslationmethodsthatcanbeuseddifferenttr

5、eatmentsoftranslationgainslossesmakeitdifficulttocomparefinancialresultsfromonecompanytoanotherinthesamecompanyfromoneperiodtothenext.Inthesecircumstancesitbecomesachallengefmultinationalenterprisestomakeinfmativedisclos

6、uresofoperatingresultsfinancialposition.Financialanalystsothersfindthatinterpretingsuchinfmationcanalsobequitechallenging.Thetroublesextendtoevaluatingmanagerialpaniesoperatinginternationallyuseavarietyofmethodstoexpress

7、intermsoftheirdomesticcurrencytheassetsliabilitiesrevenuesexpensesthatarecostoftheinvestmentindollarsis$1000000.DuetoinflationthelrisesinvaluetoFC1500000(unrecognizedunderU.S.GAAP)whiletheexchangeratedeclinestoFC1.4=$1by

8、period’send.IfthisfeigncurrencyassetweretranslatedtoU.S.dollarsusingthecurrentrateitsiginaldollarvalueof$1000000wouldnowberecdedat$714286implyinganexchangelossof$285714.Yettheincreaseinthefairmarketvalueofthelindicatesth

9、atitscurrentvalueinU.S.dollarsisreally$1071285.Thissuggeststhattranslatedassetvaluesmakelittlesensewithoutmakinglocalpriceleveladjustmentsfirst.Alsotranslationofahisticalcostnumberbyacurrentmarketdeterminedexchangeratepr

10、oducesaresultthatresemblesneitherhisticalcostncurrentmarketvalue.Finallytranslatingallfeigncurrencybalancesbythecurrentratecreatestranslationgainslosseseverytimeexchangerateschange.Reflectingsuchexchangeadjustmentsincurr

11、entincomecouldsignificantlydisttreptedmeasuresofperfmance.Manyofthesegainslossesmayneverbefullyrealizedaschangesinexchangeratesoftenreversedirection.MultipleratemethodsMultipleratemethodscombinethecurrenthisticalexchange

12、ratesinthetranslationprocess.CurrentnoncurrentmethodUnderthecurrentnoncurrentmethodafeignsubsidiary’scurrentassetscurrentliabilitiesaretranslatedintotheirparentcompany’sreptingcurrencyatthecurrentrate.Noncurrentassetslia

13、bilitiesaretranslatedathisticalrates.Incomestatementitems(exceptfdepreciationamtizationchanges)aretranslatedataverageratesapplicabletoeachmonthofoperationonthebasisofweightedaveragescoveringthewholeperiodbeingrepted.Depr

14、eciationamtizationchangesaretranslatedatthehisticalratesineffectwhentherelatedassetswereacquired.Unftunatelythismethodmakeslittleeconomicsense.Usingtheyearendratetotranslatecurrentassetsimpliesthatfeigncurrencycashreceiv

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