Global accounting & control: a managerial emphasis
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
New York, NY [u.a.]
Wiley
2001
|
| Schlagworte: | |
| Online-Zugang: | Contributor biographical information Publisher description Table of Contents Inhaltsverzeichnis |
| Beschreibung: | XI, 224 S. graph. Darst. |
| ISBN: | 0471128082 |
Internformat
MARC
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Datensatz im Suchindex
| _version_ | 1804144901594546176 |
|---|---|
| adam_text | Contents
CHAPTER 1 GLOBAL BUSINESS: ACCOUNTING
AND CONTROL ISSUES 1_
Introduction 1
Doing Business in the Global Economy 1 Trade 1 Strategic
Alliances and Collaborative Arrangements 2 Foreign Direct Invest¬
ment 2 Portfolio Investment 3
Choosing a Method of Business Involvement in the Global Economy 3
Trade 3 Strategic Alliances and Collaborative Arrangements 3
Moving to Foreign Direct Investment 4
Multinational Enterprises 5
What Are Multinational Enterprises and How Important Are
They? 5 Unique Issues for the Multinational 6
Accounting and Control in Global Business 6
Accounting, Control, and Corporate Global Involvement 7
Conclusions 9
Summary 9
Discussion Questions 9
Exercises 10
References and Further Reading 10
Some Useful Internet Web Sites 11
CHAPTER 2 FOREIGN CURRENCIES AND
EXCHANGE RISK MANAGEMENT 12^
Introduction 12
Foreign Exchange Risks and Solutions 12 Exporting Problems 12
Derivative Markets (Forward Contacts, Futures, and Options): What
Is a Derivative? 15 Forward Contracts and Forward Market 16
Futures 18 Foreign Currency Swaps 18 Options 18
Foreign Exchange Risk and the Multinational Enterprise 20
Classifying Risk and Exposure 20
Conclusions 21
Summary 22
Discussion Questions 22
Case: Barings Bank 23
References and Further Reading 25
Some Useful Internet Web Sites 25
vii
viii Contents
CHAPTER 3 GLOBAL ORGANIZATION, COORDINATION,
AND CONTROL 26^
Introduction 26
Organizational Structure 26
Domestic Structure 27 International Division Structure 27
Global Structure 28
Centralization versus Decentralization 30
Firm Structure and the Accounting Function 33
Centralization, Strategy, and the Accounting Function 33 The Use
of Informal Controls 34
Management Information Systems and the Global Firm 35
Theories and Realities of Global Information Processing 36 MNEs
and Transborder Data Flows 37 Management Information Systems
and the Strategy of the Firm: Some Final Thoughts 37
Conclusions 39
Summary 39
Discussion Questions 40
Exercises 40
Case: Procter Gamble 2005 41
References and Further Reading 44
Some Useful Internet Web Sites 44
CHAPTER 4 COMPARATIVE INTERNATIONAL
MANAGEMENT ACCOUNTING 46
Introduction 46
What Is Management Accounting? 46 Management Control 47
Does Management Accounting Mean Management Control? 47
Culture, Markets, and Control 48
An Introduction to Culture 48 Culture and Control 49
Empirical Studies of Differences in Management Accounting and
Control Practices across Nations 52
Setting Objectives: A Global Overview 52 The Budget Process
across Countries: Basics 55 Cross-National Studies of Participation
in Budgeting 55 Other Issues in the Budgeting Process 56
Conclusions 58
Summary 59
Discussion Questions 59
Case: The Ameripill Company 59
References and Further Reading 69
Some Useful Internet Web Sites 70
CHAPTER 5 PLANNING AND PERFORMANCE EVALUATION
IN MULTINATIONAL ENTERPRISES 7L
Introduction 71
The Strategic Control Process 71
Contents ix
Challenges of Control in the Global Firm 72
Planning and Budgeting Issues 72 Ways to Bring Foreign
Exchange into the Budgeting Process 74 Budget and Currency
Practices 79 Capital Budgeting 80
Intracorporate Transfer Pricing 80
Matching Price to Market Conditions 81 Allocation of Over¬
head 82 Cross-National Allocation of Expenses 82
Costing 83
Target Costing 84
Quality 85
Performance Evaluation Issues 86
Separating Managerial and Subsidiary Performance 87 Properly
Relating Evaluation to Performance 88 Emerging Trends in
Performance Evaluation 88
Economic Value Added 89
Conclusions 90
Summary 90
Discussion Questions 91
Exercises 91
Case: Niessen Apparel 92
References and Further Reading 93
Some Useful Internet Web Sites 94
CHAPTER 6 TAXATION AND THE MULTINATIONAL
ENTERPRISE 95^
Introduction 95
Direct Taxes 95
Corporate Income Tax 95 What Income Is Taxable? 96
Determination of Expenses 97 Withholding Tax 97
Indirect Taxes 98
Value-Added or Goods and Services Taxes 98
The Avoidance of Double Taxation of Foreign Source Income 98
Credits and Deductions 98 Tax Treaties 100
Minimizing Global Tax 100
Tax Haven Concept 100 Tax Incentives 101 The Controlled
Foreign Corporation 102
Tax Dimensions of Expatriates 102
Intracorporate Transfer Pricing 102
Tax Considerations in Transfer Pricing Decisions 103 U.S.
Rules 103
Tax Planning in the International Environment 105
Choice of Methods of Servicing Foreign Markets 105 Transfer
Pricing 106
Conclusions 106
Summary 107
Discussion Questions 108
Exercises 108
x Contents
Case: Midwest Uniforms 109
References and Further Reading 113
Some Useful Internet Web Sites 113
CHAPTER 7 GLOBAL FINANCIAL STATEMENT ANALYSIS 114
Introduction 114
Environmental Influences on Financial Reporting 116
Classification of Financial Reporting Systems 118
Nobes Model 118 Gray Model 119
Financial Reporting Values and International Classification 121
Major Differences in Financial Reporting 122
Format 122 Measurement 125
Impact of Accounting Differences 126
Conservatism and SEC Form 20-F 127
Global Harmonization 129
Conclusions 133
Summary 135
Discussion Questions 135
Exercises 136
Case: British Telecom 137
References and Further Reading 139
Some Useful Internet Web Sites 140
CHAPTER 8 GLOBAL TRANSPARENCY AND DISCLOSURE 141
Introduction 141
Disclosure in Corporate Reports 141
Importance of Information Disclosures 143 Managerial Incentives
to Disclose Information 143 Costs of Information Production 144
Competitive Disadvantage of Disclosure 144 Managerial Attitudes
to Voluntary Disclosures 145
International Disclosure Regulation and Reporting Trends 146
Corporate Review 150 Operations Review 154 Financial Re¬
view 155
Segmental Reporting 155
Users and Uses of Segmental Information 155 Benefits of
Segmental Reporting 156 Costs of Segmental Reporting 156
U.S. Requirements 157 U.K. Requirements 157 Requirements
Around the World 158 IASC Requirements 158
Conclusions 163
Summary 164
Discussion Questions 164
Case: Nestle 165
References and Further Reading 167
Some Useful Internet Web Sites 168
Contents xi
CHAPTER 9 FOREIGN CURRENCY ACCOUNTING AND
EXCHANGE RATE CHANGES 169
Introduction 169
Accounting for Foreign Exchange Transaction Risk 169
Aloha Company Problem 171 Comparative National
Differences 171 Hedging and Derivatives for Foreign Currency
Transactions 172 Accounting for Hedges and Derivatives:
U.S. Approach 173 Comparative National Practices 174
International Accounting Standards 174
Accounting for Foreign Exchanges Translation Risk 174
Translation Methodologies: Overview 175 Temporal Method 175
Current Rate Method 175 Translation Process: Temporal
Method 176 Translation Process: Current Rate Method 179
Translation Process: Global Overview 181
United States 181 Europe in General 182 United Kingdom 182
Canada 183 International Accounting Standards 184
Conclusions 184
Summary 184
Discussion Questions 185
Exercises 185
Case: Piparo International 186
Case: Yarmouth Woolens 186
References and Further Reading 198
Some Useful Internet Web Sites 198
CHAPTER 10 AUDITING AND THE
MULTINATIONAL ENTERPRISE 199
Introduction 199
The Global Audit 199
Services of the Global Audit Firm 199
Challenges to Auditing the Multinational Enterprise 200
Audit Challenges: Local Business Practices and Customs 200 Audit
Challenges: Currency, Language, and Law 201 Audit Challenges:
Distance and Organization for Providing Audit Services 202
Audit Challenges: Audit Impediments from Cross-National Diversity,
Availability, and Training for Auditors 203
Global Audit Firms 206
Introduction 206 Strategies of the Global Audit Firm 206 Struc¬
ture of the Audit Industry 207
IFAC and the External Auditor 209
Conclusions 210
Summary 210
Discussion Questions 211
Case: Bell Canada Enterprises 212
References and Further Reading 214
Some Useful Internet Web Sites 215
INDEX 2T7_
|
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| spelling | Gray, Sidney J. Verfasser aut Global accounting & control a managerial emphasis Sidney J. Gray ; Stephen B. Salter ; Lee H. Radebaugh Global accounting and control New York, NY [u.a.] Wiley 2001 XI, 224 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Multinationales Unternehmen International business enterprises Accounting Management Accounting (DE-588)4125415-6 gnd rswk-swf Multinationales Unternehmen (DE-588)4075092-9 gnd rswk-swf Multinationales Unternehmen (DE-588)4075092-9 s Management Accounting (DE-588)4125415-6 s DE-188 Salter, Stephen B. Verfasser (DE-588)170998649 aut Radebaugh, Lee H. 1943- Verfasser (DE-588)124989888 aut text/html http://www.loc.gov/catdir/bios/wiley043/00064915.html Contributor biographical information text/html http://www.loc.gov/catdir/description/wiley036/00064915.html Publisher description text/html http://www.loc.gov/catdir/toc/onix07/00064915.html Table of Contents HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021963203&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Gray, Sidney J. Salter, Stephen B. Radebaugh, Lee H. 1943- Global accounting & control a managerial emphasis Multinationales Unternehmen International business enterprises Accounting Management Accounting (DE-588)4125415-6 gnd Multinationales Unternehmen (DE-588)4075092-9 gnd |
| subject_GND | (DE-588)4125415-6 (DE-588)4075092-9 |
| title | Global accounting & control a managerial emphasis |
| title_alt | Global accounting and control |
| title_auth | Global accounting & control a managerial emphasis |
| title_exact_search | Global accounting & control a managerial emphasis |
| title_full | Global accounting & control a managerial emphasis Sidney J. Gray ; Stephen B. Salter ; Lee H. Radebaugh |
| title_fullStr | Global accounting & control a managerial emphasis Sidney J. Gray ; Stephen B. Salter ; Lee H. Radebaugh |
| title_full_unstemmed | Global accounting & control a managerial emphasis Sidney J. Gray ; Stephen B. Salter ; Lee H. Radebaugh |
| title_short | Global accounting & control |
| title_sort | global accounting control a managerial emphasis |
| title_sub | a managerial emphasis |
| topic | Multinationales Unternehmen International business enterprises Accounting Management Accounting (DE-588)4125415-6 gnd Multinationales Unternehmen (DE-588)4075092-9 gnd |
| topic_facet | Multinationales Unternehmen International business enterprises Accounting Management Accounting |
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