International Accounting and Multinational Enterprises
Wiley, Jan 4, 2006 - Business & Economics - 520 pages
Make informed decisions in today's dynamic international business environments
International accounting has never been so exciting. Not only is the pace of international business, finance, and investment rapidly increasing, but we are also moving closer than ever before toward a convergence of accounting standards worldwide.
Updated and revised to keep pace with these changes, this Sixth Edition of Radebaugh, Gray, and Black's International Accounting and Multinational Enterprises focuses on international business strategies and how accounting applies to these strategies. You'll learn how to use financial and accounting information across borders, and make more informed decisions in an increasingly complex international business environment. The authors also explain the key factors, including cultural differences, that influence accounting standards and practices in different countries, and how those factors impact the harmonization of standards worldwide.
New to This Edition:
* New coauthor, Ervin L. Black of Brigham Young University.
* Updated coverage on corporate governance, Sarbanes-Oxley, the Public Company Accounting Oversight Board (PCAOB), and how these forces affect U.S.-based multinationals, as well as companies in other countries.
* Increased coverage of the efforts of the International Accounting Standards Board (IASB) to establish a uniform set of International Financial Reporting Standards (IRFS) worldwide and its interface with different national standard setters, especially the FASB. Special attention is given to the experience of the European Union and Australia in adopting IFRS in 2005.
* A web-based International Accounting Practice Problem, which helps students see how to apply IFRS to a set of transactions.
* Brief, user-oriented examples called Strategic Decision Points at the beginning of each chapter.
* Expanded end-of-chapter material, including more discussion questions and exercises.
* New cases (two per chapter) on the web.
* Accounting for foreign exchange is now covered in two chapters. One chapter focuses on accounting issues, and the other chapter, which is new, focuses on foreign exchange risk management.
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International accounting and multinational enterprises
Lee H. Radebaugh,S. J. Gray
Snippet view - 2002
accounting practices accounting principles accounting profession Accounting Standards Board accounting systems accounting values adjustments amortization approach assets audit auditors balance sheet budget capital cash flow cash flow statement Chapter company law compared consolidated culture developing countries earnings economic equity European European Union example exchange rate Exhibit export factors FASB Financial Reporting financial statements firm foreign currency foreign exchange forward contract France Germany global goodwill harmonization hedge historical cost IASB identified IFRS impact important income statement inflation inflation accounting influence information disclosure International Accounting Standards international business International Financial investment investors issues Japan Journal of Accounting liabilities loss major measurement ment method MNEs multinational operations percent performance profit regulation Research segment shareholders spot rate Stock Exchange strategy subsidiary taxation tion tional trade transactions transfer pricing translation U.S. company U.S. dollar U.S. GAAP United Kingdom worldwide