商学院财务报表合并讲义英文幻灯片.pptVIP

1 Winter 2011 Advanced Financial AccountingRSM 321 Class 11: Translation and Consolidation of the Financial Statements of Foreign Operations 2 Introduction Two major accounting questions are posed by the translation to Canadian dollars of subsidiary financial statements presented in a foreign currency: What exchange rates are appropriate for each balance? How should the resulting exchange gains and losses be reflected in the Canadian dollar financial statements? The answers depend on the type of foreign currency exposure the parent faces with the foreign subsidiary 3 Accounting Exposure v