tailieunhanh - Lecture International accounting (4/e): Chapter 13 - Timothy Doupnik, Hector Perera

Chapter 13 - Strategic accounting issues in multinational corporations. After reading the material in this chapter, you should be able to: Explain the role played by accounting in formulating multinational business strategy, demonstrate an understanding of multinational capital budgeting, describe the factors that influence strategy implementation within a multinational corporation,. | Chapter 13: Strategic Accounting Issues in Multinational Corporations Learning Objectives Explain the role played by accounting in formulating multinational business strategy. Demonstrate an understanding of multinational capital budgeting. Describe the factors that influence strategy implementation within a multinational corporation. 13-2 Learning Objectives Discuss the role of accounting in implementing multinational business strategy. Identify issues involved in the design and implementation of an effective performance evaluation system within a multinational corporation. Explain the impact of cultural diversity on strategic accounting issues within a multinational corporation. 13-3 Strategy Large scale plans Reflect future direction Categories Strategy formulation Determining organizational goals Strategies to achieve goals Strategy implementation Managerial efforts Attain organizational goals Performance evaluation Extent of goals achieved Accounting Significant role Strategy formulation Implementation 13-4 EXHIBIT Strategy formulation 13-5 Strategy Formulation Analysis of information Internal factors Culture, skills and know-how External Factors Customer, market, and competitor Regulatory, social, and political factors Financial expressions Firm strategy Preparation of budgets Capital budgeting Important part of strategy formulation 13-6 Budgeting Primary contribution of accounting Assists in strategy formulation Information to managers Short-term responsibilities Long-term planning responsibilities Provides future expectations Future results can be judged 13-7 Capital Budgeting Key activity in selecting capital investments Capital investments Involve large amount of resources Cost and benefit over large periods of time Three steps Project identification and definition, Evaluation and selection Monitoring and review 13-8 Capital budgeting techniques Four techniques Payback period Return on investment Net present value Internal rate of return 13-9 . | Chapter 13: Strategic Accounting Issues in Multinational Corporations Learning Objectives Explain the role played by accounting in formulating multinational business strategy. Demonstrate an understanding of multinational capital budgeting. Describe the factors that influence strategy implementation within a multinational corporation. 13-2 Learning Objectives Discuss the role of accounting in implementing multinational business strategy. Identify issues involved in the design and implementation of an effective performance evaluation system within a multinational corporation. Explain the impact of cultural diversity on strategic accounting issues within a multinational corporation. 13-3 Strategy Large scale plans Reflect future direction Categories Strategy formulation Determining organizational goals Strategies to achieve goals Strategy implementation Managerial efforts Attain organizational goals Performance evaluation Extent of goals achieved Accounting Significant role .