Foreign Currency Financial Statements Are Translated

The financial statement translation is one of the three problems of the current international accounting, and mainly serves the consolited statement of the multinational corporation. The difficulty of the problem mianly focus on the choice of the translating methods. Today , there are four basic trans- lating methods in the world. The temporal method and the current rate method are the prevailing and opposed methods among the four methods. The argument of the choice of the translating methods has corttinuted a long time. But now there is no consistence about it around the world. Because FASB and IASB play an important role in the accounting operation of the world , the method recommended by them that selects the temporal method or the current rate method according to the character of the foreign sub- sidary has become the main trend of the translating method. Based on the research of the development of the translating methods and some important relevant accounting standards, this thesis puts forward the reasonable choice of the financial statement translation of our couixy.