Accounting for transactions denominated in foreign currencies: A comparison of international financial reporting standards with OHADA

Should the exchange rate on the transaction date or the exchange rate at the end of the financial year be used to estimate the value of assets whose value depends on foreign currency fluctuations in the company's balance sheet? At what point should exchange rate differences be included in the income statement? These are some of the main issues raised by the accounting treatment of foreign currency transactions. This book aims to answer these questions in accordance with IAS/IFRS and OHADA standards. It also proposes methods for converting financial statements into currencies other than those used for accounting purposes. The book is divided into four chapters. The first describes international accounting harmonization and international financial reporting standards. The second presents the accounting of foreign currency transactions according to IASB standards. The third analyzes OHADA requirements for accounting for transactions denominated in foreign currencies. The last chapter establishes the convergences and divergences between IAS/IFRS standards and SYSCOHADA standards in terms of foreign currency accounting.

Pagina's: 104, Paperback, Our Knowledge Publishing