The Rationale Underlying the Functional Currency Choice.
解释FASB第52号准则中功能货币选择背后的目标，通过三个案例说明如何使财务报表数字与汇率变动的经济影响一致，帮助理解这一复杂概念。
Abstract ABSTRACT: FASB Statement No. 52 on Foreign Currency Translation is designed to achieve compatibility between financial statement numbers and underlying economic effects of exchange rate changes. This result is accomplished through the selection of what the FASB terms the functional currency of the foreign subsidiary. Unfortunately, the rationale underlying the functional currency choice is complicated and not widely understood. To overcome the problem, this paper explains the objectives behind the functional currency choice by using three illustrative case settings.