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AN ANALYSIS OF SUBMISSIONS TO THE ASRB ON RELEASE 411 ‘FOREIGN CURRENCY TRANSLATION—QUESTIONNAIRE’
Author(s) -
Pacecca Tania
Publication year - 1995
Publication title -
accounting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.645
H-Index - 49
eISSN - 1467-629X
pISSN - 0810-5391
DOI - 10.1111/j.1467-629x.1995.tb00288.x
Subject(s) - currency , criticism , accounting , devaluation , value (mathematics) , relation (database) , business , economics , computer science , monetary economics , political science , data mining , law , machine learning
This study examines the accounting method preferences of the managers of firms who made submissions to the ASRB on Release 411 ‘Foreign Currency Translation— Questionnaire’. Content analysis of the actual submissions is used to obtain a measure of the strength of accounting method preferences indicated therein. This aspect of the study combats criticism of previous studies in relation to the oversimplification associated with the dichotomous categorisation of accounting method preferences. The results of the study also provide some support for this criticism of earlier research. Overall, the study provides some evidence that accounting method preferences for foreign currency transactions are made in an attempt to maximise the value of the firm.