International Accounting
| 2012 | | QUT
08/10/2012 |
AYB 227: International Accounting:Individual Assignment | Name: Chuan Yang - LiStudent no: n7592736Word count: 1461 |
Executive summary i Introduction 1 Development factors and culture characteristics of country 1 * United Kingdom 1 * Germany 2 * Japan 2 Hofstede’s cultural dimensions 2 Accounting Practices predictions 3 Opacity Impacts on Business Investments 4 Limitations in Financial Reports, with respect to Ratios and Accounting Practices 4 Conclusion 5 Recommendations 5 Appendix 6 Appendix 1 – Development factors of UK, Germany and Japan 7 Appendix 2 – Hofsted’s social dimension model 9 Appendix 3 – Gray’s Accounting Values 9 Appendix 4 – Strength and Weaknesses of Hofstede’s Model 11 Appendix 5 – Opacity Index 12 Appendix 6 – Consequences of Opacity Scores 13 Appendix 7 – Corruption Perceptions Index 15 Appendix 8 – Corruption 16 Appendix 9 – Limitations/Hindrances to Financial Reporting 17 Appendix 10 – Coping Mechanisms 23 Appendix 11 – Ratios 25 Appendix 12 – Company Outlooks 27 Appendix 13 – Movement IFRS 30 References
Executive summary
Tasman Sea and Oil Gas Company Limited (TSOGCL) the one of Australia’s largest oil and gas producer. The company is looking to enter a new opportunity of global expansion activities via existing foreign companies.
The following of the report will analysis the three annual reports in the Electric and Gas Utilities industries. This three electric company are; Centrica (UK), Vattenfall (Germany) and Chubu Electric Power (Japan). Through this analysis an extensive range of data needed to be collected in order to make the best decision for TSOGCL investing.
Furthermore, is to determine the development factors of the three countries and how they relate to the Hofstede’s cultural dimensions model and Gray’s model and furthers ' is used as a basis when comparing other data.
Last, three different company 's
08/10/2012 |
AYB 227: International Accounting:Individual Assignment | Name: Chuan Yang - LiStudent no: n7592736Word count: 1461 |
Executive summary i Introduction 1 Development factors and culture characteristics of country 1 * United Kingdom 1 * Germany 2 * Japan 2 Hofstede’s cultural dimensions 2 Accounting Practices predictions 3 Opacity Impacts on Business Investments 4 Limitations in Financial Reports, with respect to Ratios and Accounting Practices 4 Conclusion 5 Recommendations 5 Appendix 6 Appendix 1 – Development factors of UK, Germany and Japan 7 Appendix 2 – Hofsted’s social dimension model 9 Appendix 3 – Gray’s Accounting Values 9 Appendix 4 – Strength and Weaknesses of Hofstede’s Model 11 Appendix 5 – Opacity Index 12 Appendix 6 – Consequences of Opacity Scores 13 Appendix 7 – Corruption Perceptions Index 15 Appendix 8 – Corruption 16 Appendix 9 – Limitations/Hindrances to Financial Reporting 17 Appendix 10 – Coping Mechanisms 23 Appendix 11 – Ratios 25 Appendix 12 – Company Outlooks 27 Appendix 13 – Movement IFRS 30 References
Executive summary
Tasman Sea and Oil Gas Company Limited (TSOGCL) the one of Australia’s largest oil and gas producer. The company is looking to enter a new opportunity of global expansion activities via existing foreign companies.
The following of the report will analysis the three annual reports in the Electric and Gas Utilities industries. This three electric company are; Centrica (UK), Vattenfall (Germany) and Chubu Electric Power (Japan). Through this analysis an extensive range of data needed to be collected in order to make the best decision for TSOGCL investing.
Furthermore, is to determine the development factors of the three countries and how they relate to the Hofstede’s cultural dimensions model and Gray’s model and furthers ' is used as a basis when comparing other data.
Last, three different company 's
References: Chubu Electric Power, (2012). Chubu Electric Power Retrieved from: http://www.chuden.co.jp/english/index.html?srid=lg Centrica Pls. (2012). Centrica Pls. Retrieved from: http://www.centrica.co.uk/index.asp?pageid=1 Centrica Pls. (2011). Annual Report 2011. Retrieved from http://www.centrica.co.uk/files/reports/2011ar/index.asp?pageid=65 Vattenfall. (2011). Annual report 2011. Retrieved from http://www.vattenfall.de/de/file/Geschaeftsbericht-VAB-2011-eng_20346419.pdf Chubu Electric Power. (2012). Financial Report. Retrieved from http://www.chuden.co.jp/english/resource/ir/FY2011%20Financial%20Report.pdf Vattenfall. (2005). Annual Report. Retrieved from http://www.vattenfall.de/de/file/Geschaftsbericht-VAB-2005_13592884.pdf?WT.ac=search_success Chubu Electric Power. (2012). Financial Ratio. Retrieved from http://www.chuden.co.jp/english/ir/eir_financial/efin_managementindexdata/eman_financialratio/index.html Central Intelligence Agency (CIA). 2011. Library: The World Fact Book. https://www.cia.gov/index.html (accessed May 5, 2011). ClearlvCultural. 2010. Geert Hofstede cultural dimensions. http://www.clearlycultural.com/geert-hofstede-cultural-dimensions/ (accessed May 5, 2011). Doupnik, T Hofstede, G. 2004. Cultures and Organizations: Software of the Mind. New York: McGraw-Hill. Kurtzman, J Kurtzman, J., G.Yago. and T.Phumiwasana. (2009). The Opacity Index 2009 – The Measuring Global Risks – Measuring Business and Investment Risk Worldwide. Retrieved from: http://www.kurtzmangroup.com/pdf/InstituteOpacityIndex_Apr8.pdf Sondergaard, M Dictionary.com. (2011). Stock Exchange. Retrieved from http://dictionary.reference.com/browse/stock+exchange Horngren, et al. (2007). Chapter 19: Financial Statement Analysis. Financial Accounting – 6th Edition [ 20 ]. Jones, 2007, p6 [ 21 ] [ 22 ]. Jones, 2007, p6 [ 23 ] [ 24 ]. Jones, 2007, p5 [ 25 ] [ 26 ]. Jones, 2007, p5 [ 27 ] [ 28 ]. Kurtzman, et al, 2009 [ 29 ] [ 30 ]. Kurtzman, et al, 2009 [ 31 ] [ 32 ]. Transparency International, 2010 [ 33 ] [ 34 ]. Horngren, et al, 2007 [ 35 ]