商学院财务报表合并讲义 英文培训资料.pptVIP

* Lower of Cost and Net Realizable Value Lower of cost and net realizable value (NRV) – if the foreign currency weakens, NRV of a balance such as inventory might be lower than the item’s cost when translated into Canadian dollars, even though it might still be higher than cost in the foreign currency. In such cases, if the foreign currency strengthens at a later date and NRV translated into Canadian dollars exceeds cost the write-down can be reversed. Note that this is only of concern for integrated operations. Not applicable to self-sustaining operations. Why? Because all assets are