- FASB No. 8
- Accounting standard (U.S.) that stipulated that firms should translate any foreign affiliates’ accounts using the temporal method. Profits and losses arising from currency fluctuations were shown under current income. The rule was in force from 1975 to 1981 and was highly controversial. In 1981, the FASB No. 52 replaced this rule.
FASB No. 8
Filed Under: f by
