Foreign Subsidiaries

  • Andy Simmonds
Part of the Macmillan Master Series book series (MMSB)


In Chapter 13 we considered the situation of a company operating through a branch which was located in a foreign country, and traded in a foreign currency. We stated that a branch was an extension of the head office trade, and the method of translation, called the ‘temporal method’, achieved the same result as if each transaction was translated and recorded by the head office as it occurred.


Cash Flow Exchange Difference Balance Sheet Foreign Currency Parent Company 
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Copyright information

© Andy Simmonds 1986

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  • Andy Simmonds

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