Proposals for New Accounting Standards for Foreign Monetary Items
Författare
Summary, in English
The purpose of this study was to propose and evaluate different methods for measuring and reporting exchange gains and losses on corporate monetary items. Focusing on the Swedish experience, the empirical validity of three laws/monetary relationships from economic theory were examined for currencies in the Swedish 'basket' for the period 1974–1981. The basic overall finding of the study was that a method based on the Purchasing Power Parity Theory appears generally superior to methods based on either Fisher's Open Relationship or the Interest Rate Parity Theory, and also superior to the currently favoured use of the closing rate.
Publiceringsår
1983
Språk
Engelska
Sidor
257-288
Publikation/Tidskrift/Serie
Journal of Business Finance & Accounting
Volym
10
Issue
4
Länkar
Dokumenttyp
Artikel i tidskrift
Förlag
Wiley-Blackwell
Ämne
- Economics and Business
- Business Administration
Status
Published
ISBN/ISSN/Övrigt
- ISSN: 0306-686X