Research ArticleOpen accessPhrase in the titleCritical Elements of Foreign Currency Translation: A Worldwide Informational and Accounting ProblemPaul E. HoltThe purpose of this study is to describe and clarify the foreign currency translation problem and to suggest normative criteria by which various methodologies can be tested. The translation problem is presented as a set of four critical questions: (1) whether translation should be done, (2) what numbers to use to translate foreign currency accounts into the reporting currency, (3) … …American Journal of Economics and Business Administration, Vol. 5, Issue 2 · 27 Nov 2013 · 7,497 accessesView PDFCite
Research ArticleOpen accessPhrase in the titleSome Effects of Alternative Foreign Currency Translation Methodologies on two Short-Term Liquidity RatiosPaul E. HoltThis study focused on two short-term liquidity ratios, the current ratio and inventory turnover and attempted to identify, in terms of empirical properties, if and in what ways foreign currency translation methodologies generate different results. Fifty companies’ accounts were translated from U.S. dollars to U.K. pounds. Post-translation Spearman rank correlation coefficients were extremely high for all methodology pairs, but t … …American Journal of Economics and Business Administration, Vol. 3, Issue 4 · 8 Mar 2012 · 7,484 accessesView PDFCite