SFAS No. 52, Foreign Currency Translation, was issued in December, 1981, replacing SFAS No. 8, Accounting For the Translation of Foreign Currency Transactions and Foreign Currency Financial Statements. SFAS No. 52 has shifted the impact of translation gains and losses from the income statement to the balance sheet. It was expected that SFAS No. 52 would eliminate the incentive for multinationals to engage in various hedging activities to reduce the effect of the translation process in reported earnings. It was also expected that multinationals would change their foreign exchange risk management practices. The major purpose of this study was to investigate the effect of SFAS No. 52 on foreign exchange risk management practices of U.S. based multinationals.
| Identifer | oai:union.ndltd.org:unt.edu/info:ark/67531/metadc331685 |
| Date | 08 1900 |
| Creators | El-Refadi, Idris Abdulsalam |
| Contributors | Klammer, Thomas P., 1944-, Spalding, John Barney, Merino, Barbara Dubis |
| Publisher | North Texas State University |
| Source Sets | University of North Texas |
| Language | English |
| Detected Language | English |
| Type | Thesis or Dissertation |
| Format | viii, 190 leaves, Text |
| Rights | Public, El-Refadi, Idris Abdulsalam, Copyright, Copyright is held by the author, unless otherwise noted. All rights reserved. |
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