Foreign currency flow statement: A Warranted Inclusion in Corporate Annual Reports

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dc.contributor.authorAssad, Mussa Juma
dc.date.accessioned2016-07-09T17:45:56Z
dc.date.available2016-07-09T17:45:56Z
dc.date.issued1994
dc.descriptionFull text can be accessed at the following link http://journal.ifm.ac.tz/index.php/AJFM/article/view/121en_US
dc.description.abstractAbility of a country to generate foreign currency is a key aspect of economic health. Yet, contents of individual economic entities' financial reports in this country do not reflect information on such an important variable. The general body of users of financial reports’ information stand to benefit severally by inclusion of such information. However, outside corporate annual reports they would not have alternative information sources. Therefore, an argument is put forward for appending a foreign currency flow statement in published financial reports. Cost of providing that additional information is justified by the benefits accruing to users as a result of disclosure. However, in order for such disclosure to yield intended results it must be comprehensively required from entities transacting in foreign currency. Also, it must incorporate the qualitative characteristics of good accounting information.en_US
dc.identifier.issn0856-6372
dc.identifier.urihttp://hdl.handle.net/20.500.11810/3000
dc.language.isoenen_US
dc.publisherAfrican Journal of Finance and Managementen_US
dc.titleForeign currency flow statement: A Warranted Inclusion in Corporate Annual Reportsen_US
dc.typeJournal Articleen_US
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