foreign currency translation

Mr. Kumar said the company had overcome negative foreign currency translations of $90 million for the year.

In fiscal 1986, foreign currency translation losses were recorded as a direct charge to stockholder equity.

A strong dollar has also hurt these stocks since it has a negative impact on foreign currency translation of revenue from overseas.

SSAP20 Foreign currency translation refers to the potential distortions caused by hyper-inflation when incorporating operations in such economies into consolidated accounts.

Some candidates still seem to be anticipating an examination paper that exclusively tests discrete technical topics (for example, leasing, deferred tax, disposals, pensions and foreign currency translation).

SSAP 20,Foreign Currency Translation, requires that the group's share of an exchange gain on translation using the net investment method is credited directly to reserves.

The company also released revised results on Wednesday for the five years before last quarter to correct accounting errors related to deferred tax liabilities and taxation of foreign currency translation.

In these circumstances, reporting in the foreign currency would produce little or no foreign currency translation effects under FASB Statement No. 52.

Volt said that in connection with a change in the methods of operations in Europe, pre-tax foreign currency translation losses of $1,070,000 were charged to operations in the fiscal 1987 full year.

The company also said accounting rules require that it recognize a 1986 loss on these anticipated transactions amounting to $80 million, due primarily to the writeoff of associated foreign currency translation adjustments and good will.

Excluding the impact of Texas Commerce and the negative impact of foreign currency translations, Chemical managed to reduce non-interest expenses by 7.2 percent from 1987 as a result of the restructuring program announced last year.

A registrant reporting in Euros that has operations with functional currencies other than the Euro or EMU legacy currencies will experience foreign currency translation effects for periods after January 1, 1999.

To do well you will need to have remembered the principles of consolidation and equity accounting from PE 1 and have studied disposals, foreign currency translation and purchase of own shares at PE 2.

Comprehensive income is the sum of net income and other items that must bypass the income statement because they have not been realized, including items like an unrealized holding gain or loss from available for sale securities and foreign currency translation gains or losses.

Nike said foreign currency translation costs were part of the problem, but it also reported a 25 percent drop in sales of basketball shoes and related items, an area that Philip Knight, Nike's chairman, called the "backbone of the U.S. market" for the company.

Foreign currency translation gains included in the latest periods' nets totaled $19 million, net of income tax, for the quarter, and $3 million for the 9 months, compared with gains in the year-ago periods of $42 million for the quarter and $99 million for the 9 months.

Latest quarter and year results include a pre-tax foreign currency translation loss of $4.5 million, which was reclassified from a direct charge to stockholders' equity, and an $8.7 million tax benefit, both of which arose on the termination of subsidiary company arrangements in Europe in connection with the establishment of independent distributorships and branch operations there.