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 Enterprisesfocuses 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 BrighamYoungUniversity.
• 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 Australiain 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 Pointsat 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.

Sidney J. Gray,Ph.D., is Professor of International Business and Head of the School of International Business in the Faculty of Commerce and Economics at the University of New South Wales. He is also foundation Co-Director of the Australian Centre for International Business(a collaborative venture with the University of Melbourne). Professor gray has published in many leading journals around the world, and is the author/co-author of a number of books, including International Accounting and Multinational Enterprises and Financial Accounting: A Global Approach. In 1994 he as named "Outstanding International Accounting Educator" by the American Accounting Association.

Chapter 2. International Accounting Patterns, Culture and Development.

Chapter 3. Comparative International Financial Accounting I.

Chapter 4. Comparative International Financial Accounting II.

Chapter 5. International Financial Statement Analysis.

Chapter 6. International Transparency and Disclosure.

Chapter 7. International Accounting Standards and Global Convergence.

Chapter 8. International Business Combinations, Goodwill and Intangibles.

Chapter 9. International Segment Reporting.

Chapter 10. Foreign Currency Transactions and Translation.

Chapter 11. International Accounting for Price Changes.

Chapter 12. Corporate Governance and Control of Global Operations.

Chapter 13. Foreign Exchange Risk Management.

Chapter 14. International Budgeting and Performance Evaluation.

Chapter 15. International Auditing Issues.

Chapter 16. International Taxation Issues.

Name and Company Index.

Subject Index.