TAILIEUCHUNG - Lecture International accounting (3/e): Chapter 13 - Timothy Doupnik, Hector Perera

Chapter 13 - Strategic accounting issues in multinational corporations. The main contents of the chapter consist of the following: Accounting and the formulation of multinational business strategy, multinational capital budgeting, accounting and the implementation of multinational business strategy, performance evaluation systems in a multinational corporation, culture and management control. | Chapter Topics Accounting and the formulation of multinational business strategy Multinational capital budgeting Accounting and the implementation of multinational business strategy Performance evaluation systems in a multinational corporation Culture and management control Learning Objectives Explain the role played by accounting in formulating multinational business strategy. Demonstrate an understanding of multinational capital budgeting. Describe the factors that influence strategy implementation within a multinational corporation. Discuss the role of accounting in implementing multinational business strategy. Identify issues involved in the design and implementation of an effective performance evaluation system within a multinational corporation. Strategies are large scale plans that reflect the desired direction of the company. Strategy formulation involves determining organizational goals and strategies to achieve those goals. Strategy implementation involves managerial efforts to influence employees to attain organizational goals. Managerial influence is also referred to as management control. Accounting has a significant role to play in strategy formulation and implementation. Information is a key ingredient in the strategy formulation process providing information about both internal and external factors. This involves analysis of customer, market, and competitor information, as well as risk assessment. It also includes financial expressions of firm strategy and preparation of budgets. Capital budgeting is an important part of strategy formulation. Learning Objective 1 Budgeting Budgeting is the primary use of accounting information in strategy formulation. Budgeting assists in strategy formulation by providing managers with information about short-term and long-term planning responsibilities. Budgeting also provides expectations against which future results can be judged. Learning Objective 1 Overview The fundamental concepts of capital budgeting are the

• Kế toán - Kiểm toán
• International accounting
• Kế toán quốc tế
• Bài giảng Kế toán quốc tế
• Lecture International accounting
• Strategic accounting
• Multinational corporations
• Lesson International Accounting
• International accounting main contents
• Main contents
• Accounting standards
• International convergence
• Financial reporting
• International accounting standard
• International federation of accountants
• Comparative accounting
• Accounting environment
• Accounting profession
• Accounting regulation
• Auditing research
• Accounting research
• International research
• Environment of international research
• International accounting environment
• International accounting standards board
• Chuẩn mực kế toán quốc tế
• International Accounting Standard 8
• Accounting policies
• Accounting estimates
• Borrowing costs
• International taxation
• International business decisions
• Corporate income tax
• Tax jurisdiction
• Corporate governance
• International trends
• International diversity
• The adjusting process
• Accrual accounting versus cash basis
• Other accounting principles
• Two categories of adjusting entries
• The adjusted trial balance
• Completing the accounting cycle
• The worksheet
• Closing the accounts
• Classifying assets
• Liabilities and payrol
• Current liabilities of known amount
• Current liabilities
• Accounting for payroll
• Worldwide accounting diversity
• Accounting diversity
• Inflation accounting
• Inflation accounting internationally
• Consolidated financial statements
• Foreign capital markets
• Financial statements
• International harmonization
• Comparative international accounting
• International differences
• International classification
• International Accounting Standard 39
• Financial instruments
• Financial liability
• Financial assets
• Merchandise inventory
• Accounting principles
• Inventory costing methods
• Inventory accounting
• Government grants
• Accounting for government grants
• International Accounting Standard 20
• Government assistance
• International business
• Foreign customer
• International financial reporting standards
• Intangible assets
• International transfer pricing
• Cost minimization
• International corporate social reporting
• Corporate social reporting