Proposed APB opinion : Translating foreign operations;Translating foreign operations; Exposure draft (American Institute of Certified Public Accountants), 1971, Dec. 20

Authors

American Institute of Certified Public Accountants. Accounting Principles Board

Files

Description

This draft Opinion deals with some aspects of accounting for translation adjustments arising from the application of the monetary/nonmonetary approach to the translation of foreign currency assets and liabilities. Among other things it proposes that certain debit and credit translation adjustments should be deferred while others should be carried immediately to income.

Publication Date

1971

Relational Format

Book

Keywords

Foreign exchange -- Accounting

Disciplines

Accounting | Taxation

Comments

Originally published by: American Institute of Certified Public Accountants; Copyright and permission to reprint held by: American Institute of Certified Public Accountants.

Recommended Citation

American Institute of Certified Public Accountants. Accounting Principles Board, "Proposed APB opinion : Translating foreign operations;Translating foreign operations; Exposure draft (American Institute of Certified Public Accountants), 1971, Dec. 20" (1971). Exposure Drafts, Comment Letters, and Statements of Position. 343.
https://egrove.olemiss.edu/aicpa_sop/343