外文翻译--时态法与期末汇率法.docVIP

本科毕业论文（设计） 外 文 翻 译 外文题目 The temporal method versus the closing rate method 外文出处 Comparative International Accounting (8th Edition) [M]. Financial Times/ Prentice Hall, 2005.394-398. 外文作者 Christopher Nobes , Robert B Parker. 原文： The temporal method versus the closing rate method The opposition between the temporal method and the closing rate method throughout the accountancy world is probably the most important aspect of the translation problem. Note, however, that this opposition would not arise under current value accounting, when the two methods would give the same results. It is the author’s opinion that, only the temporal method can be justified for use with historical cost accounting. The fundamental objection of the accounting theorist to the closing rate method under historical cost accounting can be stated very simply as follows. The closing rate method, when applied to an asset stated in the foreign subsidiary’s balance sheet at historical cost, produces a translated figure that has no meaning: it is not the historical cost in terms of the home currency; neither is it the current replacement cost nor the net realizable value: ‘The number is in fact nothing except the produce of multiplying two unrelated numbers’ (Lorensen, 1972, page107). The leading German theorist, Busse von Colbe, makes the same point rather more politely: ‘translation of historical costs, expressed in foreign currency, at the current rate does not result in a valuation that can be interpreted in any meaningful sense’ (Gray et al., 1993, page327). This fault of the closing rate method is so fundamental that, in the opinion of many accounting theorists, it makes the use of the method quite unacceptable. The case for the closing rate method was set out by the British Accounting Standards Committee （ASC）in ED 21 (issued in 1977), notably paragraphs 9 and 10: 9 The closing rate method is based on the concept that a reporting company has a net investment in a fo