Author: Istemi DemiragPublisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages :
Book Description
Foreign Currency Accounting and Management Evaluation of Foreign Subsidiary Performance
Author: Istemi DemiragPublisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages :
Book Description
Foreign Currency Accounting and Management Evaluation of Foreign Subsidiary Performance
Author: Istemiham Sefik DemiragForeign Currency Accounting and Management Evaluation of Foreign Subsidiary Performance
Author: Istemiham Sefik DemiragAssessing Foreign Subsidiary Performance
Author: Business International CorporationPublisher:
ISBN:
Category : Business enterprises, Foreign
Languages : en
Pages : 212
Book Description
Foreign Currency
Author: Trevor S. HarrisPublisher:
ISBN:
Category :
Languages : en
Pages : 89
Book Description
We obtain survey responses from 168 North American CFOs and interview 16 of them to understand (i) how foreign currency exposure is measured and reported inside and outside the firm; (ii) how goal setting, performance evaluation and compensation of managers reflect exchange rate impacts, (iii) what specific currency exposures firms hedge and why? To develop expected answers to these questions, we provide a series of exhibits of hypothetical transactions at, and financial reports for, the foreign subsidiary. We benchmark these theoretical insights against the survey responses and uncover several questionable managerial choices. First, although no performance measure is insulated from a currency impact, a large majority of senior managers and board members only review translated USD data, especially cash flows, that are fraught with significant measurement error. Second, companies are more likely to communicate, both inside and outside, the currency impact on net income and revenue but not on operating costs, operating cash flows and the foreign subsidiary's balance sheet. Hence, decision makers, especially investors, will be unable to readily isolate the portion of the firm's performance attributable to currency changes. Third, many of the current practices used to (i) set budgeted exchange rates for planning; (ii) hold local managers accountable for currency fluctuations; and (iii) manage foreign currency risk are inconsistent both with one another and with theory. We hope our work furthers the understanding of currency exposure among students, academics and practitioners.
Currency Translation and Performance Evaluation in Multinationals
Author: Helen Morsicato GernonPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 200
Book Description
The Implicaitons of Foreign Currency Accounting on Performance Evaluations
Author: I. S. DermiragThe Management of Foreign Currency Translation
Author: Jeffrey A. LewisInternational Financial and Managerial Accounting
Author: Ahmed Riahi-BelkaouiPublisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 416
Book Description
There are linkages, ramifications, conditions, and demands made by the global economy on domestic as well as multinational firms--and executives must be aware of all of them. One way is through the medium of accounting information and the special way it reflects the realities of international business. Providing this crucial information is the task of accounting executives and their staffs worldwide. Dr. Riahi-Belkaoui sees it as a distinctly new type of information that applies to external and international users of all kinds, operating in different nations and cultures. He identifies the various issues and problems that are most critical to the efficient management of multinational firms, provides practical solutions to international accounting problems, and with his focus on normative as well as descriptive solutions, helps confer on international accounting the status of a legitimate multidisciplinary inquiry. Dr. Riahi-Belkaoui begins by outlining environmental factors in the global economy and their affect on the definition, dimensions, and conduct of international accounting. He deals next with the international issues of taxation philosophies, types, systems, treaties, havens, and other relevant matters, before moving to the problems of determining and estimating exchange rates and the management of economic exposure. He elaborates on this in Chapter 4 with discussions of international arbitrage, then moves to the problems facing multinational firms when they decide on a choice of organizational structure and attempt to evaluate decisional performance. Chapter 6 addresses the use and misuse of accounting information for various purposes, Chapter 7, the specifics of capital budgeting. He then looks at the accounting and tax issues involved in the determination of transfer prices by multinational firms, and next at the accounting treatments associated with foreign currency translation, transactions, and futures contracts. Chapter 10 concludes the book with an examination of the various asset valuation and income determination models available for dealing with international inflation.
Currency Risk Management in Multinational Companies
Author: Publisher:
ISBN:
Category : Empresas internacionales
Languages : en
Pages : 128
Book Description