Consolidation Of Foreign Financial Statements Based On Fair Value For CNPC International Company

With the deepening of reform and opening up. China has become a capital exporter from a capital importer. Meanwhile, more and more enterprises step out of boarders, but by a multinational business practices economic planning a reclusive hidebound, for many years, the economic environment, turn into a market economy, into the global economy based on the tide, the risks of it can be imagined.Multinational companies in different countries, different currencies, under the condition of different standards in multinational management, the foreign currency exchange difference for changes to and the impact of business management, always feel very tricky. CNPC International Company is just one. Since steps out the gate of China, it has been facing the problem of different countries and multi-currencies. The amount of foreign currency exchange becomes more enormous. Foreign currency financial statements influence company's decision, and company risk control becomes more difficult.This article studies the method is mainly in the reference of foreign currency conversion report, based on research of China Petroleum International Corporation through the foreign multinational management statements in the analysis of the problems and effect, guided by the fair value of the currency conversion. Report First, in foreign currency statements features, systematically analyzed by foreign statements method. Secondly, in the foreign currency statements describe method, the system is analyzed in foreign company overseas company which statements and influence for the future, more in-depth analysis of overseas companies of China Petroleum International Corporation when foreign statements provide the help of risk analysis. Finally, through the company in foreign currency statements outside the company produced when a series of problems, this paper proposes the fair value orientation in the foreign currency conversion method for the company, and report to solve these problems and provides new ideas.