What are the principle differences between ifrs and us gaap

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Reference no: EM131305183

International business for Mberiah

Unit I

For this assignment, you willuse Hofstede's characteristics to differentiate international and domestic business operations. This exercise will help identify the key characteristics that drive business decisions on an international and domestic level.

Part 1:Pick threeindividual countries, one in the Middle East, one in Asia, and one in Europe. Apply Hofstede's characteristics to each one,and state if the characteristic is low, medium, or high in each country. Also, explain whyeach country deserves that description.

Part 2:Given your descriptions, explain which country is most like the United Statesand which country is most unlike the U.S.

Your response must be a minimum of three pages in length.

Unit II PowerPoint Presentation

Your company wants to put a ball-bearing factory in Africa. Your company predicts this is where the most growth will be in the 21st century. Your assignment is to research a country on the African continent that you think would be the most advantageous to your company in cultural, economic, and political environments.

Your assignment is to point out and explain the facts or statistics that you think would make this country a good place to build andstaff your factory.

Remember to keep the cultural, economic, and political environments in mind. Your presentation must include at least two facts or statistics that relate to each environmental area (cultural, economic, and political).

Feel free to use the suggested readings asa starting point for your research on sources of data about different countries in the world.
You must use at least three authoritative sources, and you are required to use the

Pull a minimum of two facts or statistics from each source that you use.

Some good examples of authoritative sources are provided below:

•The U.S. State Department https://www.state.gov/p/af/ci/index.htm
•The World Bank https://data.worldbank.org/country

The Academic Search Complete database features information on countries through the CIA World Factbook.

The Business Source Complete database has a "Country Report" that can be selected in the Publication Type area. These reports by country can be 200

-plus pages and are very in depth.

Your PowerPoint presentation should be a minimum of 10 slides. Be sure to use APA guidelines to cite and referencethe sources for your facts.

Unit III Essay

For this assignment, write an essay that addresses each of the following points:

1. Choosefive U.S. government policies that affect trade with foreign nations. Identify three factors of productionand describe how their mobility is good or bad for U.S. trade

2. Distinguish between absolute advantage and comparative advantage trade theoriesand give examples

3. Chooseeither the TPP or the T-TIP free trade agreement and describewhich other countries have signed on and why the U.S. Senate should ratify or not ratify the agreement. Also, explain how regional trading groups influence organizations.

Your essay submission should be a minimum of three pages in length in APA style; however, a title page, a running head, and an abstract are not required.

You are required to use at least two scholarly sources for this essay. Your responses to the three prompts must be in paragraph form.
Be sure to cite and reference all quoted or paraphrased material appropriately in APA style

Unit IV Assignment

For this assignment, you will practice calculating exchange rates and examine some of the key factors that have an impact on foreign exchange. Document is attached

Unit VI Article Critique

Your task is to offer a detailed critique of a peer-reviewed article,which youcanlocate in the CSU Online Library. The article must be related to international marketing.In your critique, address the following questions:

•What are the main points and arguments of the author(s)?

•What is your opinion of the article?

•How can the points and arguments of the author(s) be applied to the lesson in this unit?(Some examples include the marketing mix, marketing orientation, and organizational structure.)

The critique should be a minimum of two pages in lengthin APA style; however, a title page, a running head, and an abstract are not required.

Be sure to cite and reference all quoted or paraphrased material appropriately in APA style.

Unit VII Case Study

Read the case study indicated below, and answer the following questions:

Marianne, J. L. (2010). Accounting for business combinations and the convergence of International Financial Reporting Standards with U.S. Generally Accepted Accounting Principles: A case study. Journal of the International Academy for Case Studies, 16(1), 95-108.

1.What key financial ratios will be affected by the adoption of FAS 141R and FAS 160? What will be the likely effect?

2.Could any of the recent and forthcoming changes affect the company's acquisition strategies and potentially its growth?

3.What were FASB's primary reasons for issuing FAS 141R and FAS 160?

4.What are qualifying SPEs? Do they exist under IFRS? What is the effect of FAS 166 eliminating the concept of qualifying SPEs on the convergence of accounting standards?

5.If the company adopts IFRS, what changes should management be aware of?

6.What are the principle differences between IFRS and U.S. GAAP?

Your submission should be a minimum of three pages in length in APA style; however, a title page, a running head, and an abstract are not required. Be sure to cite and reference all quoted or paraphrased material appropriately in APA style.

Unit VIII Case Study

To read the case study below,

Bodolica, V., &Waxi, M. (2007). Chicago food and beverage company: The challenges of managing international assignments. Journal of the International

Academy for Case Studies, 13(3), 31-42.

Please answer the following questions after reading the case study:

1.Which staffing framework do you recognize in this case study? Explain its characteristics and the advantages to using this type of framework?

2.Would this type of staffing framework affect Paul's ability to get things done? Why,or why not?

3.Explain if any of the other staffing frameworks would be any better? What can you recommend to the company's headquarters in this sense?

4.Why does Paul want this job? Is Paul a good candidate for this expatriateposition?

5.What comments can you make on expatriatemanagement in general? And what comments can you make on the expatriate recruitment policy in particular?

6.What are the different expatriate compensation methods you recognized in the text?What are the advantages and disadvantages of these different expatriate compensation methods?

7.What do you suggest to the U.S. headquarters' human resources manager in order to improve the expatriate satisfaction/compensation?

Your submission should be a minimum of three pages in lengthin APA style; however, a title page, a running head, and an abstract are not required.

Be sure to cite and reference all quoted or paraphrased material appropriately in APA style

UNIT I

Why do you think the world's largest theme park operator, the Walt Disney Co., was motivated to establish parks in Tokyo, Paris, and Hong Kong? What particular market characteristics of each of those sites were especially attractive in your opinion? Should Disney establish additional foreign parks, and if so, when, where, why, and how?

Your response should be at least 300 words in length.

UNIT V

1. Discuss the risks that an international fast food restaurant, such as Subway, would have by operating abroad rather than just domestically. Include at least two factors or policies, and explain the impact of each.

Your response should be at least 400 words in length.

2. Assume that the corporation you work for is having trouble with a partner in a new foreign market. Discuss the various problems of collaborative arrangements that might be occurring. Be sure to explain the impact of each problem that you use.

Your response should be at least 400 words in length.

Journal: No word length requirement but should be in APA

1. In your opinion, what role does culture play in international expansion by a corporation?

2. What are the pros and cons to living in a society where the rule of man dominates the legal system? Would the rule of man be a better system than the rule of law in your opinion?

3. Recently, there has been much criticism about the Trans-Pacific Partnership free trade agreement. Discuss three issues that may seem questionable in relation to the agreement. Given that eight other nations have already signed their participation, would you recommend to the U.S. Senate that it should be ratified?

4. Many financial newspapers or websites say that the U.S. dollar is the strongest currency in the world. Think about the factors that affect exchange rates, and make a case that our currency should or should not be the strongest. In your opinion, what are the advantages to having a strong currency versus a weak currency?

5. Describe a couple of products in your household that have been imported. Could a domestically made product have filled the need just as well? Can you describe any services that you use as being imported?

6. The unit lesson explains five international marketing philosophies. Which orientation mostly applies to Maytag's washers and dryers? Explain why.

7. If you were the CFO for a $10 billion-a-year international company headquartered in Ireland, which accounting rules would you recommend your company to follow: U.S. GAAP or IFRS? Are these rules comparable? What are the major differences between the two accounting standards? What was your rationale for choosing a rule?

8. Research suggests many expatriate employees encounter problems that limit both their effectiveness in foreign assignments and their contributions to the firm once they return home. What do you see as the primary causes and consequences of these problems? What can a firm do to reduce the occurrence of such problems?

Reference no: EM131305183

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