Financial Reporting by United States Based Firms of Foreign Subsidiary Operations
type: CreativeWork
description: In this thesis we attempt to point out existing weaknesses in financial reporting practices of U.s. firms operating with foreign subsidiaries, and recommend alternative practices within the following framework: a) Consolidation principles, b) Translation of foreign accounts, c) Devaluation, and d) Reporting foreign exchange gains and losses. The solution to these problems will be found when currently accepted accounting practices are updated in the light of recent developments in international business practice.
abstract: In this thesis we attempt to point out existing weaknesses in financial reporting practices of U.s. firms operating with foreign subsidiaries, and recommend alternative practices within the following framework: a) Consolidation principles, b) Translation of foreign accounts, c) Devaluation, and d) Reporting foreign exchange gains and losses. The solution to these problems will be found when currently accepted accounting practices are updated in the light of recent developments in international business practice.
author: Ahlstrand, Robert V.
keywords: Accounting, Financial reporting, Foreign subsidiaries, International business, United States of America
date published: 1970
date modified: 2026-07-27T19:01:14Z
provider: University of Bridgeport
publisher: Networked Digital Library of Theses and Dissertations
type: WebPage
source organization: University of Bridgeport