FASB No. 8

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FASB No. 8

U.S. accounting standard that requires US firms to translate their foreign affiliates' accounts by the temporal method; that is, reporting gains and losses from currency fluctuations in current income. It was in effect between 1975 and 1981 and became the most controversial accounting standard in the US. It was replaced by FASB No. 52 in 1981.

FASB No. 8

An FASB rule requiring transactions in foreign currencies be reported according to their historical cost assuming the current, market exchange rate. This rule was quite controversial and FASB No. 8 was replaced by FASB No. 52 in 1981.

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Asset Retirement Obligation Cumulative Translation Adjustment Cumulative Translation Adjustment Account FASB No. 113 FASB No. 115 FASB No. 52 Functional currency Statement of Financial Accounting Standards No. 52 Statement of Financial Accounting Standards No. 8			FERF's report in 1979, Assessing the Economic Impact of FASB No. Financial reporting's eternal quest: what do users want/need? by Sinnett, William M.; Laing, Roland L. / Financial Executive			family limited partnership Family of Funds Family office Family Trust Fannie Mae Far Month Farm and Land Institute farm area farm assets Farm Credit Administration Farm Credit Council Farm Credit System Farmer Mac Farmers Home Administration Farmowners and Ranchowners Insurance Faroese Krona Farther In Farther Out Farther out; farther in Farthing FAS FASB FASB No. 113 FASB No. 115 FASB No. 52 FASB No. 8 FASB Statement Fascism Fase descendente fashion/specialty centers Fast Market Fast Market Rule Fast Tape fastrack construction Fat Cat Fat fingers Fatah Father Tape Fato gerador Fatturazione ciclica Faturamento movimento Fatwa Faux Pas Favorable Balance of Trade Favorable Trade Balance Favorite Fifty FCA FCIA FCM FDI FDIC			FASAG FASAL FASAM Fasanella, Ralph FASANOC FASAP FASAR FASAS FASAT FASAY FASAZ FASB FASB FASB 113 FASB 115 FASB 52 FASB 8 FASB Interpretation Number FASB No 113 FASB No 115 FASB No 52 FASB No 8 FASB No. 113 FASB No. 115 FASB No. 52 FASB No. 8 FASB Number 113 FASB Number 115 FASB Number 52 FASB Number 8 FASB Opinion FASB Opinions FASB Statement FASB statements FASB Technical Bulletin FASBA FASBC FASBMB FASBO FASBOL FASC FASC-N fasc. FASCA FASCAL Absolute Detector FASCAM FASCAP FASCAR FASCC FASCD

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