This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
49.
For the parent company in an IC group, translation of assets and liabilities as well as
payables and receivables of subsidiaries from the currencies of their host countries to the
currency of the parent's home country
50.
Swaps may be used to
51.
Swaps
52.
Parallel loans are useful to
53.
Decisions to be made before an IC raises new capital include
54.
In raising capital, an IC can look
55.
Interest rate swaps
56.
Currency swaps
57.
In their foreign operations, companies with foreign subsidiaries regularly follow
58.
The process of accounting standards convergence is
59.
Sovereign wealth funds are
60.
There are two points at which operating in foreign currencies raises accounting issues—
61.
Accounting data generated in foreign subsidiaries are used by
62.
If a sale made in a foreign subsidiary is in the local currency, and there is a time lag on
payment,
63.
If a U.S. industrial subsidiary in France sells in dollars for European sales
64.
FASB 52 requires that companies record foreign currency transactions
65.
Gains or losses from exchange rate changes in payables or receivables are
66.
Consolidation is the process of
67.
The two methods of currency translation are
68.
In the current rate, assets and liabilities translated
69.
Using the current rate, equity accounts are translated
70.
The functional currency is
71.
Accounting standards in the U.S. are allocated by Congress as the responsibility of
72.
The SEC established the seven-member Financial Accounting Standards Board to oversee
accounting standards. They are
73.
How many accounting standards are there now in operation?
74.
The International Accounting Standards Board (IASB) represents the standards of
75.
The SEC allows
76.
Among the results of convergence will be
77.
The purpose of accounting is
78.
According to the S. Gray, in the values related to accounting,
79.
Gray's dimension of secrecy-transparency measures
80.
Countries that value privacy or secrecy over transparency include
81.
The triple concerns of triple bottom-line (3BL) accounting are
82.
Currently most businesses measure
83.
Critics of 3BL claim that
84.
Criticism of 3BL suggests 3BL is comparable to
85.
3BL data are not comparable across companies; an alternative is
86.
There are two basic sources of capital for the firm—
87.
When external equity is used
88.
Financial markets are
Trusted by Thousands of
Students
Here are what students say about us.
Resources
Company
Copyright ©2022 All rights reserved. | CoursePaper is not sponsored or endorsed by any college or university.