Multinational Corporation is organizations that have its offices and different resources in no less than one nation other than its nation of origin. Such organizations have workplaces and/or manufacturing plants in diverse nations and as a rule have a brought together head office where they co-ordinate worldwide administration. There are more than 77,000 multinational organizations on the planet, and their 770,000 remote auxiliaries create roughly 10 percent of worldwide Gross Domestic Product (GDP).
A lopsided number of multinational partnerships are headquartered in the triad: the United States, Japan, and the European Union. The biggest organizations on the planet are not as a matter of course the most multinational. Undoubtedly, numerous expansive organizations in the World have no outside operations. As per the United Nations, the two most multinational organizations on the planet in 1998 were Canadian and Irish. Notwithstanding setting up operations abroad, numerous organizations additionally cross-list their shares on stock trades outside of their nation of origin. There are various purposes behind doing this, including obtaining entrance to a bigger pool of capital.
Inhaltsverzeichnis (Table of Contents)
- International accounting
- Multinational corporations
- Evolution of Multinational Corporations
- International Income Taxation
- International Transfer Pricing
- Cross-Listing Foreign Stock Exchange
- International Trade
- Foreign Direct Investment
- International Capital Markets
- Accounting Diversity
- Evidence of Accounting Diversity
- Reasons for Accounting Diversity
- Problem Caused by Accounting Diversity
- Accounting Clusters
- The Influence of Culture on Financial Reporting
- Major Harmonization Efforts
- The International Accounting Standards Committee
- Creation of the IASB
- The IASB Framework
- International Financial Reporting Standards
- A Principles-Based Approach to International Financial Reporting Standards
- International Convergence Towards IFRS
- The Adoption of International Financial Reporting Standards
- IFRS in the European Union
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This text explores the evolving landscape of international accounting and multinational corporations. It aims to provide a comprehensive overview of the key factors influencing accounting practices across borders, the challenges posed by accounting diversity, and the ongoing efforts to harmonize international accounting standards.
- The evolution of multinational corporations and their impact on global business
- The complexities of international accounting and its various levels
- The drivers and consequences of accounting diversity
- The role of culture in shaping financial reporting practices
- Efforts to harmonize international accounting standards through initiatives like the IASB
Zusammenfassung der Kapitel (Chapter Summaries)
- Chapter 1: International Accounting: This chapter defines international accounting at three levels: supranational, organizational, and the broadest level. It outlines the scope and significance of international accounting practices.
- Chapter 2: Multinational Corporations: This chapter provides a definition of multinational corporations (MNCs) and explores their characteristics, growth, and impact on the global economy.
- Chapter 3: Evolution of Multinational Corporations: This chapter delves into the five stages of MNC development, starting with the domestic stage and progressing through international, multinational, global, and transnational phases.
Schlüsselwörter (Keywords)
The core focus of this text revolves around international accounting, multinational corporations, accounting diversity, cultural influences on financial reporting, and the harmonization of international accounting standards through initiatives like the International Accounting Standards Board (IASB) and the International Financial Reporting Standards (IFRS).
- Quote paper
- Ambrose Chege (Author), 2015, International Accounting. Multinational Corporations and Accounting Diversities, Munich, GRIN Verlag, https://www.grin.com/document/310377
