Standard

Measurement problems in global financial reporting : The need for a stable composite currency. / Hovanov, Nikolai V.; Kolari, James W.; Sokolov, Mikhail V.

International Accounting in the 21st Century. Nova Science Publishers, Inc., 2011. p. 179-194.

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Harvard

Hovanov, NV, Kolari, JW & Sokolov, MV 2011, Measurement problems in global financial reporting: The need for a stable composite currency. in International Accounting in the 21st Century. Nova Science Publishers, Inc., pp. 179-194.

APA

Hovanov, N. V., Kolari, J. W., & Sokolov, M. V. (2011). Measurement problems in global financial reporting: The need for a stable composite currency. In International Accounting in the 21st Century (pp. 179-194). Nova Science Publishers, Inc..

Vancouver

Hovanov NV, Kolari JW, Sokolov MV. Measurement problems in global financial reporting: The need for a stable composite currency. In International Accounting in the 21st Century. Nova Science Publishers, Inc. 2011. p. 179-194

Author

Hovanov, Nikolai V. ; Kolari, James W. ; Sokolov, Mikhail V. / Measurement problems in global financial reporting : The need for a stable composite currency. International Accounting in the 21st Century. Nova Science Publishers, Inc., 2011. pp. 179-194

BibTeX

@inbook{386e9469da9b4e6ab51a5a2898291149,
title = "Measurement problems in global financial reporting: The need for a stable composite currency",
abstract = "This paper extends previous work by Ijiri (1995) by proposing the use of a stable composite currency in global financial reporting. Ijiri argues that transnational corporations should report financial statements using a composite currency rather than individual home currencies to avoid currency-dependent results. We propose a composite currency comprised of national currencies of different countries that is stable in value over time. Consistent with Ijiri, transnational corporations would benefit from a stable benchmark for measuring accounting values.",
keywords = "Composite currency, Currency invariance, Exchange rates, Foreign currency translation, Global financial reporting, Reporting currency, Stable aggregate currency",
author = "Hovanov, {Nikolai V.} and Kolari, {James W.} and Sokolov, {Mikhail V.}",
year = "2011",
month = dec,
day = "1",
language = "English",
isbn = "9781608760183",
pages = "179--194",
booktitle = "International Accounting in the 21st Century",
publisher = "Nova Science Publishers, Inc.",
address = "United States",

}

RIS

TY - CHAP

T1 - Measurement problems in global financial reporting

T2 - The need for a stable composite currency

AU - Hovanov, Nikolai V.

AU - Kolari, James W.

AU - Sokolov, Mikhail V.

PY - 2011/12/1

Y1 - 2011/12/1

N2 - This paper extends previous work by Ijiri (1995) by proposing the use of a stable composite currency in global financial reporting. Ijiri argues that transnational corporations should report financial statements using a composite currency rather than individual home currencies to avoid currency-dependent results. We propose a composite currency comprised of national currencies of different countries that is stable in value over time. Consistent with Ijiri, transnational corporations would benefit from a stable benchmark for measuring accounting values.

AB - This paper extends previous work by Ijiri (1995) by proposing the use of a stable composite currency in global financial reporting. Ijiri argues that transnational corporations should report financial statements using a composite currency rather than individual home currencies to avoid currency-dependent results. We propose a composite currency comprised of national currencies of different countries that is stable in value over time. Consistent with Ijiri, transnational corporations would benefit from a stable benchmark for measuring accounting values.

KW - Composite currency

KW - Currency invariance

KW - Exchange rates

KW - Foreign currency translation

KW - Global financial reporting

KW - Reporting currency

KW - Stable aggregate currency

UR - http://www.scopus.com/inward/record.url?scp=84896178369&partnerID=8YFLogxK

M3 - Chapter

AN - SCOPUS:84896178369

SN - 9781608760183

SP - 179

EP - 194

BT - International Accounting in the 21st Century

PB - Nova Science Publishers, Inc.

ER -

ID: 49738076