Foreing branches-branches, Financial Accounting

Assignment Help:

FOREING BRANCHES

The head office my set up a branch in a foreign country. IAS 21 requires that the results of that foreign branch to be translated into the local currency for the purpose of preparing the financial statements for the whole business.

There are two main ways of translating the results of the branch ;

The functional currency method. (formerly temporal method)
Presentation method (formerly closing rate or net investment method)

Related Discussions:- Foreing branches-branches

Company accounts, can a company reissue a share at discount which was earli...

can a company reissue a share at discount which was earlier issued at discount

Return on equity, profit margin 2.5%, equity multiplier 2.0,sales $50000, c...

profit margin 2.5%, equity multiplier 2.0,sales $50000, common equity $25000.compute return on common equity.

Account receivable, what is the treatment of increase in allowance receivab...

what is the treatment of increase in allowance receivable.

What do you mean by franchise, Q. What do you mean by Franchise? Franch...

Q. What do you mean by Franchise? Franchise - Legal arrangement whereby owner of a franchisor, trade name, contracts with a party who wants to use the name on a non-exclusive b

Discounting the terminal value, The Major Assignment Business Case Study is...

The Major Assignment Business Case Study is about American Cable Communications' proposed acquisition of the firm Air Thread Connections. The case study is available from the folde

#Fair Value is like throwing gasoline on a fire, Ask question #what are the...

Ask question #what are the additional budens to the investor reuling from the mixed attribute model?

Prepare a report addressing adjust financial statements, You are the audito...

You are the auditor of a small private company called XYZ Limited. Last year, which was 20X9, the audit went smoothly and every balance on the financial statements was correct. Thi

Prepare income statement and analysis of retained earnings, You are prepari...

You are preparing and income statement and analysis of retained earnings for Pacioli Wholesale Corporation for the years ended June 30, 2011 and 2012 based on the following informa

Deferred tax assets and deferred tax liability, Below are excerpts from Saf...

Below are excerpts from Safeway's 2010 Annual Report, including its Consolidated Balance Sheets, a portion of Note E, Lease Obligations, and Note H, Taxes on Income, from the Notes

Disclaimer of leases-bankruptcy and liquidation, Disclaimer of leases I...

Disclaimer of leases In principle where the bankrupt is a lessee the lease cannot be disclaimed without leave of the court; but such leave is not required in the following case

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages