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

Explain the auditing standards, Q. Explain the Auditing Standards? Audi...

Q. Explain the Auditing Standards? Auditing Standards - Guidelines to which an AUDITOR adheres. Auditing standards encompassauditor's professional qualities, as well as her or

Essay, Can you help me with that?

Can you help me with that?

FIAR VALUE ALLOCATIONS, How do I figure fair value of assets..2 year estima...

How do I figure fair value of assets..2 year estimated useful life and indefinite life recognized by purchased company

State the relationship between return and risk, State the relationship betw...

State the relationship between return and risk This relationship between return and risk has significant implications for setting financial objectives for a business. Owners wil

Prepare journal entries to record the transactions, On January 1, 2010, And...

On January 1, 2010, Anderson Corporation had 60,000 shares of $1 par value common stock issued and outstanding. During the year, the following transactions occurred: Mar. 1 Issued

Describe the diversification benefit, A) A portfolio's daily changes have ...

A) A portfolio's daily changes have a standard deviation of $15 million. Suppose the daily changes in the portfolio's value have a first order serial correlation of 0.25. Calculat

T-account, Received 10,000 contribution from bill london in exchange for co...

Received 10,000 contribution from bill london in exchange for common stock What 2 accounts are used

Financial Statement Analysis Group Project 2, Financial Statement Analysis ...

Financial Statement Analysis Group Project 2 ACCT3303 Spring 2013 Due Date: May 5 (by the end of the day) The specific purposes of this project are: 1. Apply to actual companies th

Availability of fresh issue of equity, Q. Availability of fresh issue of eq...

Q. Availability of fresh issue of equity? A fresh issue of equity finance mayn't be readily available to a listed company or may be available on terms that are unacceptable wit

.branch accounting., speciman of accounts preparation in stock and debtor...

speciman of accounts preparation in stock and debtor system.

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages