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dc.contributor.authorHuang, Allenen_US
dc.contributor.authorVlady, Svetlanaen_US
dc.date.accessioned2017-05-03T11:41:24Z
dc.date.available2017-05-03T11:41:24Z
dc.date.issued2012en_US
dc.date.modified2013-07-03T05:06:08Z
dc.identifier.issn15486583en_US
dc.identifier.urihttp://hdl.handle.net/10072/51586
dc.description.abstractThis paper[1] empirically examines the accounting and the economic effects of foreign exchange rate fluctuations on the oil and gas industry under the former and the current translation accounting standards in Australia. Due to the unique features of the oil and gas industry and based on an analysis of the former standardstralian Accounting Standards Board (AASB) 1012, the authors predict that a positive translation adjustment (the accounting effect) is associated with a loss, instead of a creation of the firm value (the economic effect) under AASB 1012. The authors also predict that the new standard AASB 121, adapted from the International Accounting Standard (IAS) 21 with modifications, will report translation adjustments that are consistent with the economic effects. By using Australia-based multinational oil and gas firms, the authors find that translation adjustments under AASB 1012 are inversely associated with firm value and that the relationship changes to a positive one under AASB 121. This study concludes that the new standard has the potential to improve the quality of the translation accounting information.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_US
dc.format.extent134814 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglishen_US
dc.language.isoen_US
dc.publisherDavid Publishing Companyen_US
dc.publisher.placeUnited Statesen_US
dc.publisher.urihttp://davidpublishing.org/show.html?9554en_US
dc.relation.ispartofstudentpublicationNen_US
dc.relation.ispartofpagefrom1601en_US
dc.relation.ispartofpageto1610en_US
dc.relation.ispartofeditionNovemberen_US
dc.relation.ispartofissue11en_US
dc.relation.ispartofjournalJournal of Modern Accounting and Auditingen_US
dc.relation.ispartofvolume8en_US
dc.rights.retentionYen_US
dc.subject.fieldofresearchFinancial Accountingen_US
dc.subject.fieldofresearchcode150103en_US
dc.titleThe Accounting and Economic Effects of Currency Translation Standards: AASB 1012 vs. AASB 121en_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
gro.rights.copyright© 2012 David Publishing. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.en_US
gro.date.issued2012
gro.hasfulltextFull Text
gro.griffith.authorHuang, Allen R.
gro.griffith.authorVlady, Svetlana


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