Chapter 1 Questions 1. How important is international trade to the world economy? a. International sales and trade can be a source of higher profit margins through additional sales. Unique products or technological advantages can provide competitive advantage that a company wishes to exploit by expanding sales in a foreign market 2. What accounting issues arise for a company as a result of engaging in international trade? b. New accounts added to the chart of accounts‚ foreign
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Chapter 3- Emphasizing Cultures‚ Ethics and Norms Learning Objectives 1. Where informal institutions come from? 2. Define culture- 4 main categories (language‚ religion‚ social structure‚ education) 3. Cultures systematically differ from each other 4. Importance of ethics and combating corruption 5. Norms with strategic responses when forms deal with ethical challenges 6. Debates- culture‚ ethics and norms 7. Implications for action Opening Case- Cartoons that Exploded Sep 2005- ‘Jyllands
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Week 1 – Financial Reporting Principles and Account Standards Lecture Notes - Generally Accepted Accounting Principles: the rules‚ standards and usual practices that companies are expected to follow when preparing their financial statements The GAAP is made up of the: Framework for the Preparation and Presentation of Financial Statements Accounting Standards (AASB) - Harmonisation is the process by which Australian accounting standards have become similar to international accounting standards
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46 what distinguished the great powers system in the 20th century from the 18th & 19th in the 18th & the 19th centuries war was in europe mainly & in the 20th century it became a global event what is the current constellation of power in the international system ? power distribution- Unipolar pg.47 describe the constellations & distributions of power multipolar- flat hierarchy more reciprocity. - less stable bipolar - split hierarchy ‚ dominant within bloc ‚ reciprocity between bloc unipolar--
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International Law *Open covenant *collective security: ’all for one‚ one for all’ / new form of alliance *Difference between Retorsion and Reprisal *Persona non grata : you are not favored here‚ so please leave. -predetermining boundary is important to decide who has the jurisdiction. -self-defense: killing person inside one’s boundary in right reason -custom(unwritten rule) - not codified *Consulate del Mae -territorial sea(water): 3 miles -> 12 miles‚ to protect your area
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com 1-1 JOW 365E – INTERNATIONAL MANAGEMENT E Book :Deresky‚ H. (2011). International Management: Managing Across Borders and Cultures‚ 7ed.‚ Prentice Hall‚ NJ. EVALUATION CRITERIA: Paired Assignment 2 Continuous Assessment - 20% 20 % Final Examination - 60% Copyright ©2011 Pearson Education‚ Inc. publishing as Prentice Hall Assignment Find a partner. Case study : Canada Timber : Negotiating with the Japanese Deadline : 01 April 2015 Allocation of marks: Question 1 to question
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success. An important aspect of planning is decision making‚ the process of developing and selecting a course of action to solve a specific problem. The Four Basic Steps in Planning Planning is quite straightforward and be can condensed into four basic steps. These four planning steps can be adapted to all planning activities at all organizational levels. 1. Establish a goal or set of goals 3. Identify the aids and barriers to the goals 2. Define the present situation 4. Develop a plan or
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CONSOLIDATION 0-20% a)HELD TO MATURITY: only used for debt securities LOCOM (if impaired‚ write down) Financial Investment (A+) 22 Cash (A-) 22 b)TRADING: gains & losses are recognized in I/S; intention of investor is to profit from ST price fluctuations FAIR VALUE Financial Investment (A+) 22 Cash (A-) 22 Financial Investment (A+) 4 Gain on investment on securities (OE+) 4 c)AVAIL FOR SALE: recorded on B/S
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0/1 Question 1 What is the primary source of capital in Germany? Selected: a. Issuance of stockThis answer is incorrect. b. Corporate bonds c. Bank loansThis is the correct answer. d. Government grants Bank loans are the primary source of capital in Germany. /1 1/1 Question 2 The Japanese economy is dominated by "keiretsu." What are these? a. warlords that control Japanese wealth b. local governmental entities Selected: c. corporate conglomeratesThis answer is correct. d. joint ventures with foreign
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CHAPTER 1 Multiple Choice Questions- Theoretical 1. a 6. b 11. d 16. a 21. b 26. c 2. c 7. c 12. a 17. b 22. c 27. a 3. a 8. d 13. b 18. d 23. c 28. c 4. c 9. a 14. d 19. b 24. d 29. c 5. d 10. b 15. a 20. a 25. c 30. d Multiple Choice Questions - Computational 1. (b) Direct Materials P47‚000 Direct Labor 28‚000 Factory Overhead: Depreciation – Factory equipment P1‚000 Factory rent 2‚000 Factory
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