A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
This chapter provides clear explanations and practical examples for real‐world application of ASC 830. It includes relevant sources of GAAP and expert guidance on interpretation, terminology, relevant concepts, and applicable rules, while in‐depth discussion on the issues surrounding specific pronouncements offers informative perspective for a variety of scenarios. ASC 830 contains five subtopics: ASC 830‐10, Overall; ASC 830‐20, Foreign Currency Transactions; ASC 830‐30, Translation of Financial Statements; ASC 830‐250, Statement of Cash Flows; and ASC 830‐740, Income Taxes. ASC 830 provides guidance about foreign transaction, and translation of financial statements. To facilitate the proper analysis of foreign operations by financial statement users, transactions and financial statements denominated in foreign currencies must be expressed in a common currency (i.e., U.S. dollars). The GAAP governing the translation of foreign currency financial statements and the accounting for foreign currency transactions are found in ASC 830.
This chapter provides clear explanations and practical examples for real‐world application of ASC 830. It includes relevant sources of GAAP and expert guidance on interpretation, terminology, relevant concepts, and applicable rules, while in‐depth discussion on the issues surrounding specific pronouncements offers informative perspective for a variety of scenarios. ASC 830 contains five subtopics: ASC 830‐10, Overall; ASC 830‐20, Foreign Currency Transactions; ASC 830‐30, Translation of Financial Statements; ASC 830‐250, Statement of Cash Flows; and ASC 830‐740, Income Taxes. ASC 830 provides guidance about foreign transaction, and translation of financial statements. To facilitate the proper analysis of foreign operations by financial statement users, transactions and financial statements denominated in foreign currencies must be expressed in a common currency (i.e., U.S. dollars). The GAAP governing the translation of foreign currency financial statements and the accounting for foreign currency transactions are found in ASC 830.
ASC 830 Foreign Currency Matters
Flood, Joanne M (author)
Wiley <fc>GAAP</fc> 2019 ; 1047-1066
2019-03-19
20 pages
Article/Chapter (Book)
Electronic Resource
English
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