学士学位论文---外币折算外文翻译.docVIP

中文5325字 本科毕业论文（设计） 外 文 翻 译 外文题目 Foreign currency translation 外文出处 International Accounting (4th Edition) [M]. Prentice Hall, 2002. 235-241. 外文作者 Frederick D. Choi, Gary K. Meek. 原文： Foreign currency translation Foreign currency translation is one of the most vexing and controversial technical issues in accounting. It has defied theoretical and practical solutions and will continue to be of great interest due to fluctuating currency markets and the globalization of business and the world’s securities markets. Translation is the process of restating financial statement information from one currency to another. It is necessary whenever a company with operations in more than one country prepares consolidated(or group) financial statements that combine financial accounts denominated in one national currency with accounts denominated in another(i.e., the parent country’s) currency. Many of its problems stem from the fact that foreign exchange rates are seldom fixed. Variable exchange rates, combined with the variety of translation methods that can be used and different treatments of translation gains and losses, make it difficult to compare financial results from one company to another, or in the same company from one period to the next. In these circumstances, it becomes a challenge for multinational enterprises to make informative disclosures of operating results and financial position. Financial analysts and others find that interpreting such information can also be quite challenging. The troubles extend to evaluating managerial performance. Companies operating internationally use a variety of methods to express, in terms of their domestic currency, the assets, liabilities, revenues, and expenses that are stated in a foreign currency. These translation methods can be classified into two types: those that use a single translation rate to restate foreign balances to their domestic currency equival