Enhanced descriptions from Syndetics:

As business and capital markets have continue to grow more global over recent years, the need for cross-border financial information has correspondingly increased. This has brought international accounting to the forefront. International Accounting: A User Perspective is designed to provide an understanding of international accounting issues to current and future business managers. The book takes a user perspective to international financial reporting because most business executives are more likely to be users of financial information that crosses national borders than users of it. With the recent problems exposed in the quality of financial reporting in many countries, a solid understanding of international accounting issues is an important part of the portfolio of skills that managers in medium and large enterprises must possess.

Table of contents provided by Syndetics

• Chapter 1 Financial Reporting in The Global Arena (p. 1)
• Introduction (p. 2)
• Interaction Between Accounting and Its Environment (p. 3)
• Nature of Capital Markets (p. 3)
• Type of Reporting Regime (p. 6)
• Type of Business Entities (p. 6)
• Type of Legal System (p. 7)
• Level of Enforcement of Regulations (p. 7)
• Level of Inflation (p. 8)
• Political and Economic Ties (p. 8)
• Status of the Accounting Profession (p. 9)
• Existence of a Conceptual Framework (p. 9)
• Quality of Accounting Education (p. 11)
• Diverse Roles of Accounting in Countries (p. 11)
• Policy Choices in Accounting (p. 13)
• Effects of Diversity on Capital Markets (p. 17)
• Classification of Financial Accounting and Reporting Systems (p. 20)
• Review of Selected Classification Studies (p. 20)
• Major Challenges Facing Accounting Globally (p. 23)
• Global Harmonization (p. 23)
• Financial Reporting in Developed and Emerging Fconomies (p. 23)
• Social and Environmental Reporting (p. 24)
• Financial Reporting in the High Technology Era (p. 24)
• Summary (p. 24)
• Questions (p. 25)
• Exercises (p. 26)
• Cases (p. 27)
• References (p. 27)
• Chapter 2 Harmonizing Financial Reporting Standards Globally (p. 30)
• Rationale for Harmonization (p. 31)
• Pressures for Harmonization (p. 33)
• Obstacles to Harmonization (p. 35)
• Measuring Harmonization (p. 36)
• Supra-national Organizations Engaged in Accounting Harmonization (p. 37)
• Other Harmonization Efforts (p. 42)
• Current Evidence on Harmonization (p. 44)
• Global (p. 44)
• Regional (p. 46)
• Summary (p. 51)
• Questions (p. 52)
• Exercises (p. 53)
• Cases (p. 53)
• References (p. 55)
• Chapter 3 Accounting for Currency Exchange Rate Changes (p. 57)
• Overview of Foreign Currency Markets and Exchange Rates (p. 58)
• Foreign Exchange Exposure (p. 59)
• Accounting for Exchange Rate Fluctuations (p. 61)
• Foreign Currency Transaction vs. Translation (p. 61)
• Translation Methods (p. 64)
• Foreign Currency Translation in the United States (p. 67)
• FASB Statement No. 8 (SFAS No. 8) (p. 68)
• FASB Statement No. 52 (SFAS No. 52) (p. 69)
• SFAS No. 52 and the Functional Currency Concept (p. 72)
• SFAS No. 52 Translation in Highly Inflationary Economies (p. 74)
• SFAS No. 133--Accounting for Derivatives and Hedging Activities (p. 75)
• The International Accounting Standard on Foreign Currency Translation (p. 76)
• Accounting Issues Related to the Euro (p. 77)
• Summary (p. 78)
• Questions (p. 79)
• Exercises (p. 79)
• Cases (p. 80)
• References (p. 82)
• Chapter 4 Selected Financial Reporting and Disclosure Issues in the Global Context (p. 83)
• Accounting for Changing Prices (p. 84)
• Inflation-Adjusted Accounting Models (p. 86)
• General Price Level Adjusted (GPLA) Model (p. 87)
• Current Cost-Adjusted (CCA) Model (p. 91)
• Evaluating the CCA Model (p. 92)
• Accounting for Goodwill and Intangible Assets (p. 93)
• Goodwill (p. 94)
• Brands, Patents, and Trademarks (p. 95)
• Research and Development (p. 97)
• Geographic Segment Reporting (p. 98)
• Research Evidence on Geographic Segment Reporting (p. 99)
• Recent Developments in Geographic Segment Reporting (p. 101)
• Environmental and Social Disclosures (p. 106)
• Environmental Disclosures (p. 106)
• Employee Disclosures (p. 109)
• Value-added Statement (p. 116)
• Summary (p. 119)
• Questions (p. 119)
• Exercises (p. 120)
• Cases (p. 122)
• References (p. 123)
• Chapter 5 Using Corporate Financial Reports Across Borders (p. 125)
• Corporate Responses to Foreign Users of Financial Statements (p. 126)
• Coping With Transnational Financial Reporting (p. 139)
• Preparer Response to Transnational Financial Reporting (p. 139)
• User Response to Transnational Financial Reporting (p. 140)
• International Financial Statement Analysis (p. 143)
• Additional Issues in International Financial Statement Analysis (p. 150)
• Availability of Data (p. 150)
• Reliability of Data (p. 150)
• Timeliness of Data (p. 151)
• Language, Terminology, and Format (p. 151)
• Summary (p. 153)
• Questions (p. 153)
• Exercises (p. 154)
• Cases (p. 159)
• References (p. 160)
• Chapter 6 Financial Reporting in Emerging Capital Markets (p. 161)
• The Nature and Importance of Emerging Capital Markets (p. 163)
• The Role of Financial Reporting in Emerging Capital Markets (p. 165)
• Characteristics of Financial Reporting in Emerging Capital Markets (p. 166)
• Availability (p. 166)
• Reliability (p. 169)
• Comparability (p. 174)
• Financial Reporting Policy Issues in Emerging Capital Markets (p. 175)
• Information Availability (p. 176)
• Strengthening Enforcement Capability (p. 177)
• Harmonization of Accounting Standards (p. 178)
• Caveats Based on Recent Developments (p. 179)
• Accounting in Selected Emerging Capital Markets (p. 180)
• Mexico (p. 180)
• People's Republic of China (PRC) (p. 183)
• Summary (p. 187)
• Questions (p. 188)
• Exercises (p. 189)
• Cases (p. 190)
• References (p. 191)
• Chapter 7 Managerial Issues in International Accounting (p. 194)
• Budgeting and Performance Evaluation (p. 195)
• Using Appropriate Performance Measures (p. 195)
• Using Appropriate Currencies (p. 196)
• Transfer Pricing Policies (p. 197)
• Other Considerations (p. 197)
• Distinguishing Between Manager Performance and Subsidiary Performance (p. 198)
• Some Comparative Evidence on Budgets and Performance Evaluation Systems (p. 198)
• Global Risk Management (p. 199)
• Multinational Capital Budgeting (p. 199)
• Managing Foreign Exchange Risk (p. 201)
• Transfer Pricing (p. 203)
• Major Constituents Affected by Transfer Pricing Choices (p. 204)
• Internal Constituents (p. 205)
• External Constituents (p. 205)
• Transfer Pricing Methods (p. 206)
• Advanced Pricing Agreements (p. 209)
• Research Evidence on Determinants of International Transfer Pricing Methods (p. 210)
• Information Technology (p. 210)
• Complexities Involving IT Systems for MNCs (p. 211)
• Global IT Challenges and Strategies (p. 212)
• Summary (p. 214)
• Questions (p. 214)
• Exercises (p. 215)
• Cases (p. 216)
• References (p. 217)
• Directory of Relevant Web Sites (p. 219)
• List of Abbreviations (p. 223)
• Subject Index (p. 225)