Comment on the following statement The use of the current exchange rate method of translating a foreign affiliate 's financial statements allows for an assessment of foreign management by the same ratio criteria used to manage the foreign affiliate ...

The current rate method uses the current exchange rate to translate the foreign affiliates ...

Comment on the following statement: The use of the current exchange rate method of translating a foreign

Question:

Comment on the following statement: "The use of the current method of translating a foreign affiliate's allows for an assessment of foreign management by the same ratio criteria used to manage the foreign affiliate."

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...