Accounting for the Translation of Foreign Currency Transactions and Foreign Currency Financial Statements
StatusIssued:
October 1975
Effective Date:
For fiscal years beginning on or after January 1, 1976
Affects:
Amends ARB 43, Chapter 12, paragraph 5
Deletes ARB 43, Chapter 12, paragraphs 7 and 10 through 22
Deletes APB 6, paragraph 18
Amends APB 22, paragraph 13
Supersedes FAS 1
Affected by:
Paragraphs 27 and 35 amended by FAS 20, paragraphs 13 and 12, respectively
Superseded by FAS 52, paragraph 3
Other Interpretive Pronouncements:
FIN 15 (Superseded by FAS 52)
FIN 17 (Superseded by FAS 52)
Abbreviations for Accounting Pronouncements
FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides