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Titlebook: How to Account for Foreign Currencies; Jeff Pearcy Book 1984 Palgrave Macmillan, a division of Macmillan Publishers Limited 1984 accountin

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https://doi.org/10.1007/978-1-349-07111-1accounting; business; management
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Introduction: Accounting for Foreign CurrenciesThe proper accounting for foreign currency transactions is nowadays one of the most important and most difficult of the arts of accountancy.
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Working CapitalIn this chapter and in Chapters 4 and 5, we are concerned with items in a UK company’s own accounts: Chapter 6 deals with consolidation.
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Fixed AssetsWe are considering here assets which do not belong to foreign profit centres: if they do, then their treatment is the same as that of foreign subsidiaries (see Chapter 6). Physical fixed assets are non-monetary and their accounting treatment is not dissimilar to the treatment of stocks. As with stocks, there are three situations to be considered.
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Palgrave Macmillan, a division of Macmillan Publishers Limited 1984
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Overview: 978-1-349-07111-1
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