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Full Product Details

Author:   Robert Rowan
Publisher:   John Wiley & Sons Inc
Imprint:   John Wiley & Sons Inc
Dimensions:   Width: 16.00cm , Height: 2.80cm , Length: 23.40cm
Weight:   0.522kg
ISBN:  

9781118024423

ISBN 10:   1118024427
Pages:   320
Publication Date:   05 April 2011
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Out of Stock Indefinitely
Availability:   In Print  
Limited stock is available. It will be ordered for you and shipped pending supplier's limited stock.

Table of Contents

Preface. Acknowledgments. Introduction to Foreign Currency and Exchange Rates. Who You Are. What You Know. A Changing Environment. Certainty in Uncertain Times. Notes. Part I: The Basics. Chapter 1: Isn't Currency Conversion Just Multiplication? Conversion. The First Complication: It's Not Just Multiplication. From Where Do Exchange Rates Come? The Market. A Second Complication: Triangulation. Triangulation with Cross Rates. Quotes. Currencies and Exchange Rates: Highlights of Their Relevance and Recent History. Burgers and Currency. Notes. Chapter 2: Exchange Rate Tables: Getting from Yen to Euros without Losing Your Way. The Foundation and Caveats. Terms and Terminology. Triangulation and Cross Rates ? Redux. Exchange Rate Tables. Keep It Simple. Notes. Chapter 3: Approximation: When Mathematics, Computer Science, and Regulations Converge. The Original Data: Accurate and Precise. Significant Digits and Scientific Notation. Precision. Accuracy. What Division Means for Computers. Precision with Floating Point Data. Accuracy, Precision, and Credibility. Notes. Part II: Key Concepts and Authoritative Standards. Chapter 4: What's in a Name? Standards. A Brief Background. IFRS Predominance with an FASB Pedigree. The Economic Essence: From Names to Definitions. Functional Currency. All the Rest. A Foundation. Notes. Chapter 5: The Gold Standard: Following the Standard for Fiat Currencies. The Gold Standard for Financial Reporting. IAS21 and ASC 830: Converged, But Not Identical. Translation Overview. Translation ? Not Conversion. Translation of Income and Expense. Averages. Simple Translation. Translation 1: Basic. Translation 2: Intermediate. Convenience Translation. The Standard. Notes. Chapter 6: They're Not Synonyms: Transaction to Translation, Revaluation to Remeasurement. Transactions and Translation. Transactions in a Foreign Currency. Reporting at Balance Sheet Dates. Remeasurement. Best of Intentions: Companies' Divergent Paths. Changing Functional Currency. Knowledge Worth Having. Notes. Part III: Practical Applications (and More Concepts). Chapter 7: The Intersection: Interplay of Mathematics, Exchange Rates, Accounting Standards, Economics, and Time. Time Concepts: PA, PIT, and POT. The Missing Piece. Equity and Complex Rates. Hybrids. Cash Flow Affected by Exchange Rates. Negative Exchange Rates. Intercompany Transactions. Frequency. Make the Transformation. Notes. Chapter 8: Practical Knowledge: Things You Should Know. Exchange Rate Impact: Basic Information. Analyzing the Exchange Rate Impact. Constant Currency: A Second Fix. Improving Constant Currency. Analysis and Automation. Multiple Exchange Rate Scenarios. Constant Year: A Third Fix. Looking Forward: Beyond the Constants. Practical Examples or Cautionary Tales. Financial Reporting and Management Reporting. Notes. Chapter 9: Practical Knowledge: Things You Can Learn. A Problem at the Source. Change It ? Use It ? Analyze It. Year-to-Date Translation. Crossing Zero: A Change in Sign. The School of Experience. Notes. Chapter 10: Cumulative Translation Adjustment: The Algebraic Plug. Baggage from the Past: Accumulating the Translation Adjustment. Recalculating CTA. Translation Adjustment and Intra-Group Monetary Transactions. Cumulative Translation Adjustment is not Remeasurement. A Little Fun with CTA. Problem Solved. Notes. Chapter 11: The Residual. Redenomination. Devaluations and Revaluations. Hyperinflationary Economies. Euro Adoption. Non-monetary Assets (Inventory) Measured in a Foreign Currency. Disposal of a Foreign Operation. A Simple Forward Contract: Hedging. Heuristic Approach. Notes. Conclusion: Re-invent the Triangle: Innovate and Advocate. The Benefit. Notes. Appendix A: World Currency Formats and ISO 4217 Information. Appendix B: Useful Links, and Why They?re Useful. Appendix C: Exchange Rate Requirements. Definition of Actual Rates. Definition of Constant Currency Rates. Definition of Forecast Rates. Definition of Views. Definition of High (USH) and Low (USL) Rates. Definition of Rates in the Tables. Glossary. About the Author. Index.

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Author Information

ROBERT ROWAN, CPA, CITP, is an International Finance Controller at SAS, the world's largest privately held software company. He engages in subsidiary and holding company financial transactions, reviews GAAP and IFRS accounting issues, and conducts financial consolidation and reporting. Previously at SAS, he worked in the SAS Research and Development Division designing and developing the SAS Financial Management product. Prior experience includes positions at a Fortune 500 publicly listed company, a global chemical manufacturer with eighty subsidiaries, a private international software company as part of the initial public offering team, and Ernst & Young LLP.

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