Introduction
Staying on top of global and accounting issues
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1. Financial Reporting
Financial reporting in China, Russia, and Kazakhstan
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FASB and IASB
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Similarities between IFRS and US GAAP
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Differences between IFRS and US GAAP
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Convergence of IFRS and US GAAP
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Samples of multinational financial reporting approaches
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2. Currency Exchange Issues
Salary paid in Kazakhstan tenge
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Selling goods or services in a foreign currency
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Buying goods or services in a foreign currency
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Accounting for a subsidiary in a foreign currency
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Hedging foreign exchange risk
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Impact of currency devaluations
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3. Obtaining Financing
Mismatch between operating currency and borrowing currency
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In what currencies do Disney and Coca-Cola borrow money?
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Where to list your equity shares?
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International differences in business regulation
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4. International Tax Issues
The size of the gray economy
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Income taxes: Strategic location of operations
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Income taxes: International transfer prices
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5. Other Global Finance and Accounting Issues
Impact on the cost of capital
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Supply chains across national borders
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Outsourcing of production and offshoring of labor services
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Data security and storage
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Conclusion
The dramatic globalization of business
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Glossary_AccountingFoundations_GlobalFinanceAccounting.zip
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