Textbook

International Accounting and Multinational Enterprises, 6th Edition

ISBN: 978-0-471-65269-4

Hardcover

520 pages

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Erv Black of Brigham Young University has been added as a third co-author
Content has been updated to includcoverage of corporate governance, Sarbanes - Oxley, the Public Company Accounting Oversight Board (PCAOB), and how these forces affect U.S.-based multinationals as well as companies in other counties.
The description of accounting in different countries is strengthened to include a wider variety of industrial and developing countries from around the world.
An International Accounting Pracitce Problem has been added to help students see how to apply IFRS to a set of transactions.
There is more focus on the efforts of the IASB to establish a uniform set of International Financial Reporting Standards’ worldwide and its interface with different national standard setters, especially the FASB. Special attention is given to the experience of the European Union and Australia in adopting IFRS in 2005.
Each chapter will begin with a short company example called a “Strategic Decision Point, a user – oriented feature.
End of chapter material is expanded and updated to include 15 Discussion Questions per chapter, 15 Exercises per chapter and two Cases per chapter.
Accounting for foreign exchange has been separated into two chapters. One chapter focuses on accounting issues, and the other chapter, which is new, focuses on foreign exchange risk management, which is more of a managerial issue.
More examples are given of companies from a wide variety of countries, size, and industries.