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This paper answers the following question - - Discuss the usefulness of the types of disclosures made by companies, such as McDonald’s, related to FX rate fluctuations’ effects on earnings. Given the extra burden of preparing the disclosures about the effects of FX rate variations on reported results, do you recommend that the company provide this information to help investors assess foreign currency translation risk? Does the significance of the information warrant IASB and FASB making such disclosures mandatory in future standard setting?
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