tailieunhanh - Barfield Raiborn Kinney - Cost Accounting Traditions And Innovations

The Netherlands-based bank, ABN AMRO, was formed in 1990 when Algemene Bank Nederland merged with Amsterdam-Rotterdam Bank. Following the merger, ABN AMRO has established itself as a global bank with operations in 76 countries and territories including the United States, where the bank has a 16% share of the Midwest market. ABN AMRO’s global expansion was driven initially by mergers but more recently by innovative webbased delivery of products and services. | CHAPTER Introduction to Cost and Management Accounting in a Global Business Environment 1 LEARNING OBJECTIVES After completing this chapter you should be able to answer the following questions 0 How do financial and management accounting relate to each other s How does cost accounting relate to financial and management accounting 0 What is the role of a code of ethics in guiding the behaviors of an organization s global workforce s What factors have influenced the globalization of businesses and why have these factors been significant 5 What are the primary factors and constraints that influence an organization s strategy and why are these factors important 0 How does an organization s competitive environment impact its strategy and how might an organization respond to competition 0 How does the accounting function impact an organization s ability to successfully achieve its strategic goals and objectives H Why is a company segment s mission affected by product life cycle 0 What is the value chain and why is it important in managing a business INTRODUCING ABN AMRO Bank The Netherlands-based bank ABN AMRO was formed in 1990 when Algemene Bank Nederland merged with Amsterdam-Rotterdam Bank. Following the merger ABN AMRO has established itself as a global bank with operations in 76 countries and territories including the United States where the bank has a 16 share of the Midwest market. ABN AMRO s global expansion was driven initially by mergers but more recently by innovative webbased delivery of products and services. By traditional measures such as its 505 billion in assets and its capital position ABN AMRO is the largest bank in Holland the fourth largest in Europe and the eighth largest in the world. ABN AMRO s core lending business is solid. Over half of ABN AMRO s revenues come from Dutch clients a very stable source of business that includes such companies as Royal Dutch Shell Philips Electronics and Unilever. http ABN AMRO formulated an .