FASB No. 8
Definition: [crh] U.S. accounting standard that requires US firms to translate their foreign affiliates' accounts by the temporal method; that is rDefinition: eporting gains and losses from currency fluctuations in current income. It was in effect between 1975 and 1981 and became the most contDefinition: roversial accounting standard in the US It was replaced by FASB No. 52 in 1981.
<< Go back