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FASB No. 8
FASB No. 8U.S. accounting standard that requires US firms to translate their foreign affiliates' accounts by the temporal method. RELATED TERMS-------------------------------------- Foreign Money that flows offshore and likely never returns. Flight is exacerbated by a lack of confidence as government grows without bounds. SIMILAR TERMS-------------------------------------- FASB No. 52 The US accounting standard that replaced FASB No. 8. US companies are required to translate foreign accounts in terms of the current rate and report the changes from currency fluctuations in a cumulative translation adjustment account in the equity section of the balance sheet. PREVIOUS AND NEXT TERMS-------------------------------------- Family Holding Trust Interests in real and-or personal property. Family of funds Different mutual funds offered by one investment company. Far month Used in the context of option or futures to refer to the trading month of the contract that is farthest away. Farther out, farther in Used in the context of options to refer to the relative length of option contract maturities. FASB No. 52 The US accounting standard that replaced FASB No. 8. US companies are required to translate foreign accounts in terms of the current rate and report the changes from currency fluctuations in a cumulative translation adjustment account in the equity section of the balance sheet. FASB No. 8 Fast market Excessively rapid trading in a specific security that causes a delay in the electronic updating of its last sale and market conditions, particularly in options. Favorable balance of trade The value of a nation's exports in excess of the value of its imports. Favorable trade balance Condition that total exports of a nation exceed total imports, creating a net export. Feasible portfolio A portfolio that an investor can construct, given the assets available. Feasible set of portfolios The collection of all feasible portfolios. We thank you for using the Financial Dictionary to search for FASB No. 8. If you have a better definition for FASB No. 8 than the one presented here, please let us know by making use of the suggest a term option. This definition of FASB No. 8 may be disputed by other professionals. Our attempt is to provide easy definitions on FASB No. 8 and any other medical topic for the public at large.
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