Joint Venture: Proportionate Consolidation Method & Equity Method Andrea Marciana B. Diwa Modadv1– K32 10926739 June 11‚ 2012 - Monday INTRODUCTION Joint venture is identified as a topic of study because of the massive rise in international joint ventures during the business globalization and because of the different joint venture accounting practices across countries. The increasing trend to produce financial statements which are free from errors and misstatements lead to the
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happily‚ never ending...” (disneylandparis.co.uk 2011) Source: http://disneylandparisdeals.net/cheap-disneyland-paris-deals/ INTRODUCTION Walt Disney opened his first Disney Park in California in 1955 with a pride of the US President Ronald Reagan being one of his guests (disneydreamer.com 2011). The success was followed by opening Walt Disney World in Florida in 1971 and in Tokyo in 1983 (Owen 2011). The performance and popularity of the Japanese subsidiary resulted in making the company’s
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For the exclusive use of H. Thomas‚ 2015. HKU568 MITSURU MISAWA TOKYO DISNEYLAND AND THE DISNEYSEA PARK: CORPORATE GOVERNANCE AND DIFFERENCES IN CAPITAL BUDGETING CONCEPTS AND METHODS BETWEEN AMERICAN AND JAPANESE COMPANIES In the spring of 1997‚ it had been 14 years since Tokyo Disneyland opened its doors for business. Company executives at Japanese Oriental Land Corp. (OL)‚ known to many as the company that brought Disneyland to Japan [see Exhibit 1] were enjoying the success of their well-established
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Brief Integrative Case 1 Cross-Cultural Conflicts in the Corning–Vitro Joint Venture Vitro is a Mexican glass manufacturer located in Monterrey‚ Mexico. Vitro’s product line concentrates on drinkware but includes dozens of products‚ from automobile windshields to washing machines. Vitro has a long history of successful joint ventures and is globally oriented. Corning Inc. is most famous for its oven-ready glassware; however‚ Corning has diversified into fiber optics‚ environmental products
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Introduction In the reading "A first time expatriates experience in a joint venture in China" we have come to understand the nature and structure of the joint venture between the U.S.A. and China and the role that James Randolf played to strengthen and maintain the international partnership. Controls Inc. was a subsidiary of the parent company Filtration Inc. and so was shielded from any outside competition. When Controls Inc. was given the charter to pursue its own business they realized
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Background PepsiCo is currently involved in 7 Joint ventures in People’s Republic of China (PRC) and is in the proposal process of investing into an equity joint venture in the city of Changchun.This proposal would be one of the first two green field equity joint venture with PepsiCo having control over both the board and day-today managmenet. PepsiCo uses capital budgeting tools such as NPV and IRR to systematically evaluate their investment project. Using this evaluation method Mr Hawaux‚ vice
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The Sony Ericsson joint venture is a case study that can be used to explore key international business strategies and concepts. 1. Sony & Ericsson’s motivations behind the joint venture (JV) The Swedish telecommunications company Ericsson‚ one of the “Big Three” mobile handset manufacturers in the 1990s‚ started to reach difficulty as it entered the new millennium. In 2001‚ Ericsson’s sales dropped by 52%‚ recording a $1.39 billion loss which preceded an announcement that would lay off 20%
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Question1: Did Eli Lilly pursue the right strategy to enter the Indian market? In 1993 Eli Lilly‚ one of the leading pharmaceutical firms in the USA‚ started a joint venture in India with the leading Indian company Ranbaxy. The decision was dictated by the conditions of the US market and opportunities of the Indian market. Costlier manufacturing practices due to strict governmental control‚ soaring prices in 1990s‚ invasion of cheap generics to the USA market as opposed to low costs in India and
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1. Joint venture between TCL and Alcatel In 2004‚ TCL Technology Holdings Limited‚ a multinational electronics conglomerate from Huizhou‚ China entered into a mobile phone manufacturing Joint Venture with Alcatel‚ a global corporation in telecommunication equipments‚ services and applications from Paris‚ France‚ in a bid to foray into the global market. The joint venture company - TCL and Alcatel Mobile Phones Ltd (TAMP) - managed research and development (R&D)‚ sales and distribution of mobile
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Petroecuador (Ecuador) and Sinopec (China) Oil Joint Venture Petroecuador and Sinopec agreed to create a Joint Venture that was supposed to be a big opportunity for both‚ the Latin American and the Asian country. These two companies are different in many ways‚ especially in the size of their profitability and technology development. Sinopec International Petroleum belongs to Sinopec Corp.‚ which is one of the largest integrated energy and chemical companies in China. It business mainly covers
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