Performance Measurement of Foreign Operations Under Floating Exchange Rates (Classic Reprint) - Softcover
Synopsis
Understand how foreign exchange moves shape performance data and what that means for management decisions.
This book explains how translation methods under international accounting standards affect reported earnings, risk assessments, and performance measurement. It contrasts historic-cost translation with newer inflation-adjusted approaches and shows how these choices influence budgeting, control systems, and decision making in multinational companies.
- How different translation rules change the appearance of profits and return on investment
- The role of inflation, interest rates, and exchange rate behavior in financial reporting
- Practical guidance on separating expected and unforeseen gains and losses
- Implications for internal controls, performance metrics, and management incentives
Ideal for readers of finance, accounting, and international business who want to understand the link between currency movements and management information systems.
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Performance Measurement of Foreign Operations Under Floating Exchange Rates
Print on DemandSeller: Forgotten Books, London, United Kingdom
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Paperback. Condition: New. Print on Demand. This book critically examines the historic cost basis of accounting - known as the 'Statement of Financial Accounting Standards No. 52' - and its adoption and use in performance measurement for foreign operations under floating exchange rates. The author argues that the conventional accounting treatment of foreign exchange gains and losses, and the similar treatment of translation, can lead to a biased measure of operating income. This is because historic cost accounting does not sufficiently adjust for inflation, and exchange rate movements under floating exchange rates are highly volatile. The author also examines the impact of the adoption of FAS 52 on internal control systems and finds that many multinational corporations potentially encourage non-optimal decisions by their use of reward systems and lack of consideration for the impact of FAS 52 on the measurement of net income and return on investment. The book concludes by highlighting the need for more objective accounting principles, and emphasising the significant role of the accounting profession in establishing such standards. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781332274550_0
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Performance Measurement of Foreign Operations Under Floating Exchange Rates Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781332274550
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Performance Measurement of Foreign Operations Under Floating Exchange Rates Classic Reprint
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781332274550
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Performance Measurement of Foreign Operations Under Floating Exchange Rates (Classic Reprint)
Seller: Buchpark, Trebbin, Germany
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Condition: Hervorragend. Zustand: Hervorragend | Sprache: Englisch | Produktart: Bücher | Keine Beschreibung verfügbar. Seller Inventory # 26101869/1
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