A study of the trend of foreign currency disclosure practices by publicly-listed Singapore companies and their compliance with SAS 20
Previous research on foreign currency accounting suggested that this is a highly controversial area. This research concentrated on several foreign currency accounting issues such as: economic consequences of foreign currency accounting standards; compliance with foreign currency disclosure requireme...
| Main Authors: | , , |
|---|---|
| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2014
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/55489 |
| _version_ | 1811684937905995776 |
|---|---|
| author | Chang, Siew Ching Chua, Evelyn Lin Lin Tan, Lay Khim |
| author2 | Nanyang Business School |
| author_facet | Nanyang Business School Chang, Siew Ching Chua, Evelyn Lin Lin Tan, Lay Khim |
| author_sort | Chang, Siew Ching |
| collection | NTU |
| description | Previous research on foreign currency accounting suggested that this is a highly controversial area. This research concentrated on several foreign currency accounting issues such as: economic consequences of foreign currency accounting standards; compliance with foreign currency disclosure requirements; translation of foreign currency long-term monetary items; and others. Accordingly, the objective of this study is to examine the extent of compliance by Singapore companies with the Statement of Accounting Standard No. 20 (Accounting for the Effects of Changes in Foreign Exchange Rates) issued by The Institute of Certified Public Accountants of Singapore in November 1986. For this purpose, the foreign currency disclosure practices of the top one hundred listed Singapore companies were examined for five years prior to and five years after the issuance of SAS 20. Aware of the limitations of other research methodologies such as the survey research, where heavy reliance must be placed on the respondents’ reply, in this stud, a content analysis methodology was adopted. The results showed that for the five-year period after the release of SAS 20, compliance has, in many aspects, improved. Analysis by industry groupings revealed that companies in the trading and the service industries showed greater improvement in their compliance with SAS 20 since its promulgation. |
| first_indexed | 2024-10-01T04:36:34Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/55489 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T04:36:34Z |
| publishDate | 2014 |
| record_format | dspace |
| spelling | ntu-10356/554892023-05-19T03:30:03Z A study of the trend of foreign currency disclosure practices by publicly-listed Singapore companies and their compliance with SAS 20 Chang, Siew Ching Chua, Evelyn Lin Lin Tan, Lay Khim Nanyang Business School Teoh Hai Yap DRNTU::Business::Accounting Previous research on foreign currency accounting suggested that this is a highly controversial area. This research concentrated on several foreign currency accounting issues such as: economic consequences of foreign currency accounting standards; compliance with foreign currency disclosure requirements; translation of foreign currency long-term monetary items; and others. Accordingly, the objective of this study is to examine the extent of compliance by Singapore companies with the Statement of Accounting Standard No. 20 (Accounting for the Effects of Changes in Foreign Exchange Rates) issued by The Institute of Certified Public Accountants of Singapore in November 1986. For this purpose, the foreign currency disclosure practices of the top one hundred listed Singapore companies were examined for five years prior to and five years after the issuance of SAS 20. Aware of the limitations of other research methodologies such as the survey research, where heavy reliance must be placed on the respondents’ reply, in this stud, a content analysis methodology was adopted. The results showed that for the five-year period after the release of SAS 20, compliance has, in many aspects, improved. Analysis by industry groupings revealed that companies in the trading and the service industries showed greater improvement in their compliance with SAS 20 since its promulgation. ACCOUNTANCY 2014-03-11T04:17:45Z 2014-03-11T04:17:45Z 1994 1994 Final Year Project (FYP) http://hdl.handle.net/10356/55489 en Nanyang Technological University 156 p. application/pdf |
| spellingShingle | DRNTU::Business::Accounting Chang, Siew Ching Chua, Evelyn Lin Lin Tan, Lay Khim A study of the trend of foreign currency disclosure practices by publicly-listed Singapore companies and their compliance with SAS 20 |
| title | A study of the trend of foreign currency disclosure practices by publicly-listed Singapore companies and their compliance with SAS 20 |
| title_full | A study of the trend of foreign currency disclosure practices by publicly-listed Singapore companies and their compliance with SAS 20 |
| title_fullStr | A study of the trend of foreign currency disclosure practices by publicly-listed Singapore companies and their compliance with SAS 20 |
| title_full_unstemmed | A study of the trend of foreign currency disclosure practices by publicly-listed Singapore companies and their compliance with SAS 20 |
| title_short | A study of the trend of foreign currency disclosure practices by publicly-listed Singapore companies and their compliance with SAS 20 |
| title_sort | study of the trend of foreign currency disclosure practices by publicly listed singapore companies and their compliance with sas 20 |
| topic | DRNTU::Business::Accounting |
| url | http://hdl.handle.net/10356/55489 |
| work_keys_str_mv | AT changsiewching astudyofthetrendofforeigncurrencydisclosurepracticesbypubliclylistedsingaporecompaniesandtheircompliancewithsas20 AT chuaevelynlinlin astudyofthetrendofforeigncurrencydisclosurepracticesbypubliclylistedsingaporecompaniesandtheircompliancewithsas20 AT tanlaykhim astudyofthetrendofforeigncurrencydisclosurepracticesbypubliclylistedsingaporecompaniesandtheircompliancewithsas20 AT changsiewching studyofthetrendofforeigncurrencydisclosurepracticesbypubliclylistedsingaporecompaniesandtheircompliancewithsas20 AT chuaevelynlinlin studyofthetrendofforeigncurrencydisclosurepracticesbypubliclylistedsingaporecompaniesandtheircompliancewithsas20 AT tanlaykhim studyofthetrendofforeigncurrencydisclosurepracticesbypubliclylistedsingaporecompaniesandtheircompliancewithsas20 |