What's up with the middle market?

Article Abstract:

Software vendors have started to pay attention to the special needs of the middle market. This segment comprises midsize companies that achieve annual sales of $1 million to $250 million. As these companies become more aware of the potential of the latest accounting solutions in their new environment, software vendors that exclusively targeted either major corporations or small businesses in the past are now readjusting their focus. To optimally serve the middle market, software vendors have to offer the right mix of quality software, accounting knowledge and technical expertise. However, because midsized companies cannot afford to pay for the direct sales and implementation cycles, value-added resellers should be encouraged to participate in the middle market because they can provide these services effectively.

Prepackaged software, Software Publishers, Financial, Acctg Software Pkgs (Micro), Computer software industry, Software industry, Marketing, Financial software, Information management, Corporations

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Proactive management accounting for international business

Article Abstract:

Companies aspiring to compete globally need to develop a good understanding of such issues as international currencies, reporting requirements and accounting standards. For instance, foreign companies doing business in the US need to translate their financial statements from the functional currency into US dollars, particularly if foreign statements are going to be released to American users or integrated into US statements. Translating financial statements offers a number of benefits, including the ability to compare industry competitors and the opportunity to see the combined results of the companies in the currencies of the main economic environment. Financial statements can be translated using either the direct or American method or the indirect or European method.

Management, International aspects, Accounting and auditing, International business enterprises, Multinational corporations, Financial statements, Managerial accounting, Consolidated financial statements

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