Foreign Currency Translation by United States Multinational Corporations : Toward a Theory of Accounting Standard Selection
Cover -- Half Title -- Title Page -- Copyright Page -- Original Title Page -- Original Copyright Page -- Table of Contents -- List of Tables -- List of Figures -- Acknowledgements -- Abstract -- I. Introduction -- II. SFAS 52 in Perspective -- International Exchange Rate Volatility -- World War I and the Gold Standard -- 1920s and Exchange Rate Volatility -- Volatility from the 1930s to the 1980s -- International Investment Increases -- Accounting Profession's Response -- Translation Methods -- Current/Noncurrent Method -- Monetary/Nonmonetary Method -- Temporal Method -- Current Rate Method -- Reporting Options -- SFAS 8 Introduced -- SFAS 8 Criticized -- SFAS 8 Revised -- III. SFAS 52 Compared to SFAS 8 -- Objective of Translation -- Measurement Concept -- Entity Concept -- Realization versus Recognition -- Translation Adjustments -- Hedging -- Foreign Exchange Exposure -- Exchange Rate Selection -- IV. Literature Review -- Research Prior to the 1970s -- Two Financial Accounting Concepts -- Disclosure Concept -- Realization Concept -- Multinational Corporate Practices -- Reported Earnings and Security Market Prices -- Reported Earnings -- Security Market Prices -- Attitudes of Multinational Managers -- Performance Evaluation -- Future Research -- V. Methodology -- Major Research Question -- Supplementary Research Questions -- Four Hypotheses -- Dissertation Scope -- Data Described -- Criteria for Selecting Data -- RH Four and SRQ Four -- Data Characteristics -- Research Design -- Treatment of Data -- Research Methodology Summarized -- Historical Background -- Relevant Research -- SFAS 52 Compared to SFAS 8 -- Standard Selection -- VI. Results -- Research Results Summarized -- Accounting Standard Selection -- SRQ Four -- Choice of Increased or Decreased Reported Earnings -- RH Four -- Change in Reported Earnings -- Four Deviant Corporations