Topic 1: International Business 1. Why companies engage in international business? There are three major operating objectives that underline the reasons for companies to engage in international business: -expanding sales: pursuing international sales usually increases the potential market and potential profits -acquiring resources: foreign sources may give companies lower costs‚ new or better products‚ additional operating knowledge -minimizing risk: international operations may reduce
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BENEFITS OF IMPLEMENTING TELECOMMUTING IN THE ACCOUNTING INDUSTRY Prepared for Francois GnambiKadjo‚ MBA‚ MM Managing Director of K.G Tax & Accounting solutions Adjunct Accounting Faculty at Metro Community College Prepared by Sandra Starks 14 May 2012 MEMORANDUM TO: Francois GnambiKadjo‚ MBA‚ MM Managing Director of K.G Tax & Accounting Solutions From: Sandra Starks‚ Student‚ and Future CPA Date: 14 May 2012 Subject: Implementing Telecommuting in the
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Kapitel 1. International business- Commercial that crosses the boarders of two or ore nations Globalization – trend toward greater economic‚ cultural‚ political‚ and technological‚ interdependence among national institutions and economies. General agreement on Tariffs and Trade (Gatt) – Treaty designed to promote free trade by reducing both tariffs and nontariffs barriers to international trade. World Trade Organizations – International organization that enforces the rules of international
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[pic] BE413 International Business Environment 1st Assignment 2009-10 (Module weight: 45%) 1) Compare and contrast two theories of international trade‚ of which one must be a ‘classical’ theory. Please explain the logic and evidence for each theory and what you think are its strengths and weaknesses‚ drawing on the sources recommended by the BE413 module. Word limit: 1000 words. 2) From the perspective of the two theories chosen for part 1 above‚ examine whether the strike action that
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International business is a term used to collectively describe all commercial transactions (private and governmental‚ sales‚ investments‚ logistics‚and transportation) that take place between two or more nations. Usually‚ private companies undertake such transactions for profit; governments undertake them for profit and for political reasons.[1] It refers to all those business activities which involves cross border transactions of goods‚ services‚ resources between two or more nations. Transaction
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over 170 countries. Toyota’s automotive business‚ including sales finance‚ accounts for more than 90% of the company’s total sales. In March 2006‚ Accountancy Age reported that Toyota (fiscal years ended 31 March) had already sold almost 8 million vehicles worldwide. Diagram below shows Toyota annual global production from 2002 to 2006. Annual sales had been climbing steadily with the latest global sales hitting at 7‚974‚000 units (Toyota‚ 2006). Diagram 1: Toyota’s Annual Vehicle Production. Fiscal
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Describe the amortisation requirements for certain identifiable intangible assets and the changes to accounting for goodwill introduced as part of the convergence with international accounting standards. How will these changes affect reported profit? General amortisation requirements Intangible assets (other than goodwill) that are considered to have a limited useful life are required to be amortised over their useful lives defined as ‘the period of time over which the asset is expected to be used
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Communication for International Business: The secrets of excellent interpersonal skills by Bob Dignen with Ian McMaster (Collins) is the book I have chosen to read. The book gives you the strategies you need to communicate interpersonally with colleagues at home and overseas in the area of international business. The book contains smart and useful advices in the subject of international business and communication‚ so you can do good in international business later on when you work in this
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Contents 1.0 Introduction 3 1.1 Company Profile 3 2.0 Statement of Originality and Declaration Form 4 3.0 Objectives 5 3.1 To expend our business into international market. 5 3.2 To promote our home country (Malaysia) culture to foreign country 5 3.3 To increase sales and earn more profit from foreign country 5 4.0 Situation analysis 6 4.1 Market Place 6 4.2 Legal and Political 7 4.2.1 Legal and Political of Malaysia 7 4.2.1.1 Political system 7 Legal system 8 4.2.2 Legal and Political
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Accounting for Merchandising Business Merchandising Operations 1. A merchandising business is engaged in buying goods and selling these at a profit. 2. The primary source of revenues is referred to as sales revenue or sales. 3. The operating cycle of a merchandising company ordinarily is longer than that of a service company. 4. Income is measured by cost of goods and operating expenses from sales revenue. * Cost of goods sold is the total cost of merchandise sold during the
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