Overview
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Learn how to effectively operate as a global business and avoid common international accounting issues while leveraging multiple currencies for financial strength.
Syllabus
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Introduction
- Staying on top of global and accounting issues
- Financial reporting in China, Russia, and Kazakhstan
- FASB and IASB
- Similarities between IFRS and US GAAP
- Differences between IFRS and US GAAP
- Convergence of IFRS and US GAAP
- Samples of multinational financial reporting approaches
- Salary paid in Kazakhstan tenge
- Selling goods or services in a foreign currency
- Buying goods or services in a foreign currency
- Accounting for a subsidiary in a foreign currency
- Hedging foreign exchange risk
- Impact of currency devaluations
- Mismatch between operating currency and borrowing currency
- In what currencies do Disney and Coca-Cola borrow money?
- Where to list your equity shares?
- International differences in business regulation
- The size of the gray economy
- Income taxes: Strategic location of operations
- Income taxes: International transfer prices
- Impact on the cost of capital
- Supply chains across national borders
- Outsourcing of production and offshoring of labor services
- Data security and storage
- The dramatic globalization of business
