Synopses & Reviews
Make informed decisions in today’s dynamic international business environmentsInternational 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.
Synopsis
Emphasis is on the broader international business environment and the context in which accounting is practiced worldwide.
* Explains how the development of equity markets around the world has strongly influenced a convergence of key accounting practices.
* Focused on the business strategies of MNEs and how accounting applies to these strategies.
Synopsis
INTERNATIONAL ACCOUNTING IN THE GLOBAL ARENAThe World of global finance is ever-changing, and the fifth edition of this best-selling text follows those changes as it presents international accounting within the contect of managing multinational enterprises. In clear and understandable language, it focuses on international business strategies and how accounting applies to these strategies. This unique approach allows students to learn about international accounting from a perspective similar to what they will experience in the business world.
INTERNATIONAL ACCOUNTING explains the key factor that influence accounting standards and practices in different countries, and how those factors impact the harmonization of standards worldwide. In addition to these differing factors, the individual cultures of these countries and their unique contributions to accounting practices and standards all over the world are also explored. The book also 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.
- Updated to cover the latest changes in global finance that have an impact on international accounting
- A unique strategic management perspective
- An emphasis on the importance of cultural differences in international accounting
- An effective blending of theory and practice
- Incorporates extensive case materials to further enhance the coverage of this exciting field
About the Author
Lee Radebaugh,Ph.D., is the Director of the School of Accountancy and Information Systems and KPMG Professor of Accounting at Brigham Young University. In addition, he is the Executive Director of the BYU Center for International Business Education and Research (CIBER). Professor Radebaugh is co-author of International Business Environments and Operations and International Accounting and Multinational Enterprises, and is the co-author of seven books on Canada-U.S. trade and investment relations. In 1998 he was named the "Outstanding International Educator" of the International Section of the American Accounting Association, and "International Person of the Year" by the World Trade Association of Utah.
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.
Table of Contents
International Accounting and International Business.
Accounting Development in the Global Economy.
Comparative International Financial Accounting.
International Financial Statement Analysis.
International Transparency and Disclosure.
Global Harmonization of Accounting and Reporting.
International Business Combinations, Goodwill and Intangibles.
International Segment Reporting.
Foreign Currency Transactions.
Foreign Currency Translation.
International Accounting for Price Changes.
International Auditing Issues.
Management Organization and Control of Global Operations.
International Budgeting and Performance Evaluation.
International Taxation Issues.
Name and Company Index.
Subject Index.