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1、本科畢業(yè)論文（設計）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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