International Accounting and Multinational EnterprisesThis text presents international accounting within the context of managing multinational enterprises, focusing on business strategies and how accounting applies to these strategies. This unique approach gives students the opportunity to learn about international accounting from a perspective similar to what they will experience in the business world. The book explains the key factors that influence accounting standards and practices in different countires, and how those factors impact the convergence of standards worldwide. Particular emphasis is given to culture and its unique contribution to accounting standards and practices worldwide. The book focuses on the needs of users of financial and accounting information across borders with the aim of enhancing their understanding of how to use information and make more informed decisions in an increasingly complex and dynamic international business environment. |
Contents
International Accounting and International Business | 1 |
Toyotas Global Expansion | 33 |
General Motors and Japanese Convergence vs Chinese Convergence | 57 |
Copyright | |
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accounting principles Accounting Standards Board accounting systems adjustments amortization approach assets auditing standards auditor balance sheet budget capital cash flow cash flow statement changes chapter company law consolidated corporate governance culture earnings economic equity euro European example exchange rate Exhibit export FASB Financial Reporting financial statements firm foreign currency foreign exchange forward contract Germany global goodwill harmonization hedge historical cost IASB IASC IFRS impact important income statement inflation inflation accounting influence information disclosure intangible International Accounting Standards International Business International Financial investment investors issues Japan Japanese Journal of Accounting Journal of International liabilities loss major measurement ment MNEs multinational operations organizations parent percent performance practice profit purchase regulation Research risk shareholders spot rate Stock Exchange strategy subsidiary tax haven taxation tion tional trade transactions transfer pricing translation U.S. company U.S. dollar U.S. GAAP United Kingdom worldwide