Jednostka Purchasing Power Standard jako podstawa konwersji wartości w sprawozdaniach finansowych międzynarodowych grup kapitałowych
Purchasing Power Standard Unit as a Fundamental of Conversion Process in Consolidated Financial Statements of International Capital Groups

Summary/Abstract: The article presents the practical approach to the value conversion in consolidated statements of the international capital groups. The empirical verification of the Law of One Price in value translation reveals a theoretical gap in the current procedures. Purchasing Power Standard has been used as the equivalent method of conversion. The proposed procedure has been exemplified by the case study of the consolidated balance sheets of two enterprises located in Poland and in the USA.

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