One of the differences in the philosophies is the use of


One of the differences in the philosophies is the use of temporal and current methods. These two methods allow for use of different rates depending on the account/item. These different rates can create large discrepancies based on the method used and creates a situation where financial statements could be in a situation where they are not as comparable. Another issue is that the gains/losses from foreign currency are tucked away in OCI. This creates a poor situation where the financial statements are not as transparent as to the situation with foreign currencies.

This perhaps is a build on previous posts of last week but by hiding it in OCI segmenting it away as market forces/adjustments rather than any actual income/loss?

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Financial Accounting: One of the differences in the philosophies is the use of
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