WhatIsInternationalAccounting

Friday,January27,2012

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Issues in International Accounting - Accounting for foreign sales - Hedges of foreign exchange risk - Foreign direct investment Opportunities for increased sales and profits Access to emerging or growing markets Cost reduction opportunities Protect home market Protect foreign market Access to technological and managerial know-how - Financial reporting for foreign operations Translation of foreign currency financial statement - International income taxation - International transfer pricing (minimizing global taxes) Cost based Market based Negotiated transfer price - Performance evaluation of foreign operations - International auditing - Access to global capital

Assignment Identify the worlds largest companies in terms of 1. Sales revenue 2. Profits / net income 3. Asset 4. Multinational index (United Nations ranking) Use excel worksheet with four columns for above criteria

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Accounting Page 1