The ins and outs of foreign trade

Article Abstract:

Multinational corporations (MC's) should be aware of foreign requirements on international trade. Especially important are requirements for: balance of trade (BOT), balance of payments (BOP), value-added (VA), manpower guarantees (MG), national integration (NI), percent export (PE), local ownership (LO), and technology investment (TI). BOT requires that an MC export goods of the same value as those it imports. BOP is BOT plus cash movements such as dividends or royalties. VA means that any product imported or exported must involve local materials or labor. MG requires a certain level of local labor. NI means that a percentage of any locally fabricated product be locally sourced. PE requires that a certain percentage of products be exported. LO requires that a certain percentage of the MC be owned by local nationals. TI requires that the MC make a long technological commitment to the country.

Balance of payments, Balance of trade, Value added, Commerce

---

Going global: what to look for in financial software

Article Abstract:

Financial accounting software can help eliminate the occurence of the unreconciled differences that show up when manual systems are used to integrate the financial reports of multinational enterprises. These software programs can also help optimize transactions involving in several currencies while helping to establish valuable audit trails. Such financial accounting software can therefore contribute to a multinational company's bottom line since they reduce transaction costs, make cash management much more efficient and improve cash flow. Criteria that can be used in selecting such software include the ability to handle complex intercompany transactions and the availability of currency handling features.

Evaluation, Financial software

---

The Volvo way of financial reporting

Article Abstract:

Staffin Rydin is the vice president of financial planning and control for Volvo AB. He discusses Volvo's financial reporting and cost accounting systems. Other topics discussed include laws that have affected Swedish accounting practices, the development of international accounting standards, and the problems of financial reporting and foreign exchange risk that confront a multinational corporation.

Motor vehicles and car bodies, Methods, Analysis, Sweden, International Accounting Standards Board, AB Volvo, Managerial accounting, interview, Rydin, Staffin

Similar abstracts:

• Abstracts: The TAO of forecasting with promotional events. The Tao of forecasting. The Tao of forecasting performance measurement
• Abstracts: Business and academe: forging an ethics partnership. Bar codes speed factory floor reporting. Electronic systems enhance JIT operations
• Abstracts: Using a spreadsheet to solve a multinational marketing problem. Reporting practices in four countries

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.