Explain some examples under fasb 52, Financial Management

Assignment Help:

Explain some Examples under FASB 52 that a foreign entity's functional currency would be similar as the parent firm's currency.

Answer:  Three instances under FASB 52, in which the foreign entity's functional currency will be similar as the parent firm's currency, are:

a) The foreign entity's cash flows directly influence the parent's cash flows and are readily available for remittance to the parent firm;

b) The sales prices for the foreign entity's products are approachable on a short-term basis to exchange rate changes in which sales prices are defined through worldwide competition; and,

c) The sales market is mainly located in the parent's country or sales contracts are denominated in the parent's currency.


Related Discussions:- Explain some examples under fasb 52

Agency problem, Discuss how a business might limit agency problem between m...

Discuss how a business might limit agency problem between management and creditors

Major risk return decision areas, Q. Major Risk Return Decision Areas? ...

Q. Major Risk Return Decision Areas? 1) Financial Analysis and Control: This area is concerned with the Financial Statements, i.e. Income Statement, Balance Sheet, Funds Flow S

Floor Brokers, Floor Brokers These people have the responsibility of ex...

Floor Brokers These people have the responsibility of executing the trades forwarded by the FCMs on the floor of the exchange. They can also trade for their own account. They w

The us treasuries and other government securities, The United S...

The United States of America issues US Treasuries, which are negotiable government debt obligations. They are popular because they are backed by the full

Explain the term- operating segments, Operating segments An operating s...

Operating segments An operating segment is a component of an organisation It engages in business activities from that it can earn revenues and incur expenses(this also c

Regional banks, Regional Banks Large banks like First Norwest, Chicago,...

Regional Banks Large banks like First Norwest, Chicago, Mellon and Crocker function regionally at the national level in a fashion same to money center banks. Regional banks ser

Operating cycle, discuss the applicability operating cycle considering broi...

discuss the applicability operating cycle considering broilers in uganda?

Outline the objectives of alm, You are a member of the ALM Committee (ALCO)...

You are a member of the ALM Committee (ALCO) of ANZ Bank. A visiting member has some queries relating to the general framework of the ALM and interest rate risk impact on the incom

Social assistance program for the elderly, Social Assistance Program for th...

Social Assistance Program for the Elderly For the elderly destitutes, the Central and many State Governments have designed several social assistance programs. Under the nationa

Alternative summarised version of tests of controls, Alternative summarised...

Alternative summarised version of tests of controls · Segregation of duty (staff records are separate from wages department) · Documentation ( written evidence ) ·

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd