International Accounting and Multinational Enterprises [antikvár]

Preface Since the first edition of this book was published in 1981, significant changes have occurred in international business and international accounting. Somé of the more notable examples are: • The transition of most of the former Communist countries of Eastern Europe and Asia from central command to markét economies • The expansion of the European Union and the drive to eliminate the remaining barriers to trade among members as well to establish a common currency • The rapid expansion of the economies of Asia, especially China, and the opening of these economies to investment from around the world • The establishment of the North American Free Trade Agreement and moves to expand that agreement as a counter force to the growing economic power of the European Union • The rapid growth of global securities markets, and the need to solve key accounting issues from a global rather than strictly national perspective, to facilitate the flow of capital worldwide The growing internationalization of business has influenced and will continue to influence the way business is conducted in any country. The real issues in this book are: How are these changes affecting the way accounting is practiced internationally? What do we need to do to prepare our students to operate more effectively in a global business environment? INTERNATIONAL ACCOUNTING EDUCATION- A REASONABLE GOAL? In essence, what we really want to do is to prepare our students to be able to contribute professionally in a global economy. Among the major reasons students study international accounting are to: • Prepare for a first job and/or graduate studies • Understand accounting theory • Gain a more global orientation • Develop sensitivity to differences between countries with respect to the form, content, and meaning of financial statements