Global Management Accounting: A Guide for Executives of International Corporations

(Hardback)

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Description

Heely and Nersesian have written a guide using accounting as a means, not an end, and aimed it at managers of international companies who wish to understand better the workings of a global business. The work describes the globalisation of business, the increasing complexity and related accounting treatments of doing business internationally. It discusses recent developments in the standardisation and harmonisation of worldwide accounting practices, accompanied by numerous examples from the annual reports of both foreign and domestic companies. The process by which a parent company consolidates its results from foreign affiliates is described, along with the accounting which would accompany typical business transactions. Emphasis is placed on the connection between transfer pricing and taxation, including a discussion of the considerations which management must face when setting transfer prices. Accounting practices for inflation, along with currency exchange fluctuations, are dealt with from the perspectives of both accounting and risk management.

Reviews

.,."the authors have addressed numerous global financial management issues in this book. The book is clear, concise, and to the point. The conceptual overview provided by the authors of the global management environment is especially strong. Managers who are not even "financial" managers will find this book both enjoyable and meaty. This book should indeed be used as a guide for executives in international corporations."-The International Journal of Accounting
...the authors have addressed numerous global financial management issues in this book. The book is clear, concise, and to the point. The conceptual overview provided by the authors of the global management environment is especially strong. Managers who are not even "financial" managers will find this book both enjoyable and meaty. This book should indeed be used as a guide for executives in international corporations.-The International Journal of Accounting
The book is clear, concise, and to the point. The conceptual overview provided by the authors of the global management environment is especially strong. This book should indeed be used as a guide for executives in international corporations.-Global Management Accounting
This book is informative and throught-provoking. I highly recommend this book for the authors's clear and concise insight into the history and background of national customs, governments, business communities and practices, risk management, accounting principles and practices, financial reporting requirements, and major influences on setting and changing accounting standards.-IBThe Southern Economics & Economic Journal
"The book is clear, concise, and to the point. The conceptual overview provided by the authors of the global management environment is especially strong. This book should indeed be used as a guide for executives in international corporations."-Global Management Accounting
"This book is informative and throught-provoking. I highly recommend this book for the authors's clear and concise insight into the history and background of national customs, governments, business communities and practices, risk management, accounting principles and practices, financial reporting requirements, and major influences on setting and changing accounting standards."-IBThe Southern Economics & Economic Journal
..."the authors have addressed numerous global financial management issues in this book. The book is clear, concise, and to the point. The conceptual overview provided by the authors of the global management environment is especially strong. Managers who are not even "financial" managers will find this book both enjoyable and meaty. This book should indeed be used as a guide for executives in international corporations."-The International Journal of Accounting

Author Bio

JAMES A. HEELY is Chair of the Accounting and Business Law Department at Monmouth College. He was Chief Financial Officer of J. J. Newberry Co., Vice President and Controller of the Sewing Products Group of the Singer Company, and Corporate Vice President and Controller of N. L. Industries. He is a Certified Public Accountant and maintains membership in the American Institute of Certified Public Accountants, the New York State Society of Certified Public Accountants, and the American Accounting Association and the Administrator of Accounting Programs Association. ROY L. NERSESIAN is Chair of the Management Department at Monmouth College. His previous books include Ships and Shipping (1981), Computer Simulation in Business Decision Making (Quorum, 1989), Corporate Planning, Human Behavior, and Computer Simulation (Quorum, 1990), and Computer Simulation in Financial Risk Management (Quorum, 1991).