FASB No. 52

The US accounting standard that replaced FASB No. 8. US companies are required to translate foreign accounts in terms of the current rate and report the changes from currency fluctuations in a cumulative translation adjustment account in the equity section of the balance sheet.


Do you need a Financial Planner?

Click here to get matched to financial planners near you. Free service.

Get Started Now



Here are 10 random terms from our database: