Foreign currency financial reporting from euros to yen to yuan: a guide to fundamental concepts and practical applications

INDICE: Preface. Acknowledgments. Introduction to Foreign Currency and Exchange Rates. Who You Are. What You Know. A Changing Environment. Certainty in Uncertain Times. Notes. Part I: The Basics. Chapter 1: Isn't Currency Conversion Just Multiplication? Conversion. The First Complication: It's Not Just Multiplication. From Where Do Exchange Rates Come? The Market. A Second Complication: Triangulation. Triangulation with Cross Rates. Quotes. Currencies and Exchange Rates: Highlights of Their Relevance and Recent History. Burgers and Currency. Notes. Chapter 2: Exchange Rate Tables. Getting from Yen to Euros withoutLosing Your Way. The Foundation and Caveats. Terms and Terminology. Triangulation and Cross Rates Redux. Exchange Rate Tables. Keep It Simple. Notes. Chapter 3: Approximation. When Mathematics, Computer Science, and Regulations Converge. The Original Data: Accurate and Precise. Significant Digits and Scientific Notation. Precision. Accuracy. What Division Means for Computers. Single Precision and Double Precision Floating Point. Accuracy, Precision, and Credibility. Notes. Part II: Key Concepts and Authoritative Standards. Chapter 4: What's in a Name? Standards. A Brief Background. IFRS Predominance with an FASB Pedigree. The Economic Essence: From Names to Definitions. Functional Currency. All the Rest. A Foundation. Notes. Chapter 5: The Gold Standard. Following the Standard for Fiat Currencies. The Gold Standard for Financial Reporting. IAS21and ASC 830: Converged, But Not Identical. Translation Overview. Translation Not Conversion. Translation of Income and Expense. Averages. Simple Translation. Translation 1: Basic. Translation 2: Intermediate. Convenience Translation.The Standard. Notes. Chapter 6: They're Not Synonyms. Transaction to Translation, Revaluation to Remeasurement. Transactions and Translation. Transactions in a Foreign Currency. Reporting at Balance Sheet Dates. Remeasurement. Best of Intentions: Companies' Divergent Paths. Changing Functional Currency. Knowledge Worth Having. Notes. Part III: Practical Applications (and More Concepts).Chapter 7: The Intersection. Interplay of Mathematics, Exchange Rates, Accounting Standards, Economics, and Time. Time Concepts: PA, PIT, and POT. The Missing Piece. Equity and Complex Rates. Hybrids. Cash Flow Affected by Exchange Rates. Negative Exchange Rates. Intercompany Transactions. Frequency. Make the Transformation. Notes. Chapter 8: Practical Knowledge. Things You Should Know.Exchange Rate Impact: Basic Information. Analyzing the Exchange Rate Impact. Constant Currency: A Second Fix. Improving Constant Currency. Analysis and Automation. Multiple Exchange Rate Scenarios. Constant Year: A Third Fix. LookingForward: Beyond the Constants. Practical Examples or Cautionary Tales. Financial Repor

• ISBN: 978-1-1180-2442-3
• Editorial: John Wiley & Sons
• Encuadernacion: Cartoné
• Páginas: 208
• Fecha Publicación: 16/03/2011
• Nº Volúmenes: 1
• Idioma: Inglés