Währungsumrechnung im Planungs- und Kontrollprozess

Andreas Hoffjan and Timo Kornetzki

Metrika: International Journal for Theoretical and Applied Statistics, 2005, vol. 16, issue 3, 325-348

Abstract: Exchange rare fluctuations complicate the cross-border planning-, control- and co-ordination process in the long-term. The preparation and controlling of budgets as a classic management accounting instrument in the international context also requires a conversion of exchange rates. This article introduces the Lessard-Lorange-model and the Demirag-model as the most important methods of foreign currency conversion in the context of international controlling as well as a rather new value based budgeting technique. The selection of combinations of planned- and controlled exchange rates depends decisively on the assessed object it is based upon, the foreign company as a whole or the performance of the local management. Moreover, empirical results prove that currency conversion is dependent upon whether the subsidiary is in a hard currency country or in a soft currency country. Copyright Physica-Verlag 2005

Date: 2005
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DOI: 10.1007/BF02825647

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