资源描述：
《国际会计学第六版chapter_6 Foreign Currency Translation.ppt》由会员上传分享，免费在线阅读，更多相关内容在行业资料-天天文库。
1、InternationalAccounting,6/eFrederickD.S.ChoiGaryK.MeekChapter6:ForeignCurrencyTranslationChoi/Meek,6/e1LearningObjectivesWhydofirmstranslatefromonecurrencytoanother?Whatisthedifferencebetweenaspot,forward,andswaptransaction?Whatexchangeratesareusedinthecurrencytranslationprocessandwhataretheir
2、financialstatementeffects?Choi/Meek,6/e2Howdoesatranslationgainorlossdifferfromatransactionsgainorloss?Istheremorethanonewayoftranslatingfinancialstatementsfromonecurrencytoanother?Ifso,whatarethey?Howdoesthetemporalmethodofcurrencytranslationdifferfromthecurrentratemethod?Whatistherelationshi
3、pbetweencurrencytranslationandinflation?Choi/Meek,6/e3WhydoFirmsTranslate?Facilitatesthepreparationofconsolidatedfinancialstatementsthatallowreaderstoseetheperformanceofamultinationalcompany’stotaloperationsbothdomesticandforeign.Facilitatesthemeasurementofafirm’sexposuretoforeignexchangerisk.
4、Choi/Meek,6/e4Facilitatestherecordingofforeigncurrencytransactions;i.e.,foreigncurrencysales,purchases,borrowingorlendingintheconsolidatedentity’sreportingcurrency.Facilitatesreportingdomesticaccountstoforeignaudiences-of-interest.Choi/Meek,6/e5TypesofTransactionRatesSpottransactions:thephysic
5、alexchangeofonecurrencyforanotherinwhichdeliverytakesplaceimmediately.Directquote:theexchangeratespecifiesthenumberofdomesticcurrencyunitsneededtoacquireaunitofforeigncurrency.Indirectquote:theexchangeratespecifiesthepriceofaunitofthedomesticcurrencyintermsoftheforeigncurrency.Choi/Meek,6/e6Fo
6、rwardtransaction:agreementstoexchangeaspecifiedamountofonecurrencyforanotheratafuturedate.Swaptransaction:involvesthesimultaneousspotpurchaseandforwardsale,orspotsaleandforwardpurchaseofacurrency.Choi/Meek,6/e7Accounting forSpotTransactionsSpottransaction:occurswhenanenterprisepurchasesorsells
7、goodsforwhichpaymentismadeinaforeigncurrency,orwhenitborrowsorlendsforeigncurrency.Atthetransactiondate,eachasset,liability,revenue,andexpensedenominatedinaforeigncurrencyismeasuredandrecordedinthefunctionalcurrencyofthereportingentitya
