Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Assignment
The notes to the financial statements are an integral part of a company's annual report. Users of financial information need to understand the notes to accurately analyze a company. Harmonization does not exist on information included and calculations released in footnote disclosures. Below is a footnote disclosure from AT&T's 2007 Annual Report regarding foreign currency translation. The footnote below follows U.S. GAAP.
Foreign Currency Translation
Our foreign investments and foreign subsidiaries generally report their earnings in their local currencies. We translate our share of their foreign assets and liabilities at exchange rates in effect at the balance sheet dates. We translate our share of their revenues and expenses using average rates during the year. The resulting foreign currency translation adjustments are recorded as a separate component of accumulated other comprehensive income in the accompanying consolidated balance sheets. Gains and losses resulting from exchange-rate changes on transactions denominated in a currency other than the local currency are included in earnings as incurred. We have also entered into foreign currency contracts to minimize our exposure to risk of adverse changes in currency exchange rates. We are subject to foreign exchange risk for foreign currency-denominated transactions, such as debt issued, recognized payables and receivables and forecasted transactions. At December 31, 2007, our foreign currency exposures were principally Euros, British pound sterling, Danish krone and Japanese yen.
Rewrite the footnote based upon the GAAP of the country that you selected for your course project.
national telephone company has been forced by competition to put much more emphasis on planning and controlling its
Do you need to develop your own internal GAAP to manage the company? Let's get creative and brainstorm. There's no right answer here, just the opportunity to begin exploring the fascinating topic of International Accounting.
Watson Corp. manufactures and sell 20,000 units of product X each month. Each unit sells for $16.00 and has a contribution margin of $5.00. If we discontinue product X, $66,000.00 in fixed costs would be saved each month and there would be n..
selected year-end financial statements of mccord corporation follow. all sales were on credit selected balance sheet
Find the strategic plan of an organization and analyze and discuss the elements of the plan.
pie guys pizzeria is owned and operated by three brothers. data concerning the pizzerias monthly revenues and costs
Offshore Ale Company has earnings available to common stockholders of $2 million and has 500,000 shares of common stock outstanding. What is its earnings per share (EPS)?
Determine the total variable production cost, assuming that Watson makes 5,000, 15,000, or 25,000 units.
What information is provided in the statements that will assist you in making these business decisions? What information is not provided that could assist in managerial decision making?
The following is a list of costs incurred by several businesses: a. Cost of fabric used by clothing manufacturer b. Maintenance and repair costs for factory equipment
lone star meat packers is a major processor of beef and other meat products. the company has a large amount of t-bone
Describe costing methods for inventory control, denominator-level capacity concepts and cost capacity analysis?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd