Lecture Financial Accounting (15e): Chapter 15

After completing chapter 15 you should be able to: Distinguish between debt and equity securities and between short-term and long-term investments, describe how to report equity with control, compute and analyze the components of return on total assets, account for held-for-trading securities, account for available-for-sale securities,. | Global Business and Accounting Chapter 15 Chapter 15: Global Business and Accounting Globalization Occurs as managers become aware of and engage in cross-border trade and operations. A high level of globalization is a multinational enterprise that begins with raw material extraction and ends with final product assembly and sales in multiple foreign locations. Globalization is a term used to describe cross-border trade and operations. It covers all aspects of business from the extraction of raw materials to the production and sale of finished products. A high level of globalization is a multinational enterprise that begins with raw material extraction and ends with final product assembly and sales in multiple foreign locations. Globalization Location of the World’s Largest Multinationals in 2009 Country/Block Number of Companies Percentage European Union 163 33% United States 140 28% Japan 68 14% China 37 7% Switzerland 15 3% Canada 14 3% South Korea 14 3% Central/ South America 11 2% Australia 9 2% Russia 8 1% India 7 1% Others 14 3% Source: Adapted from “The Fortune Global 500,” Large multinational companies may extract raw materials in one country, buy other materials and or components in other countries, produce goods in still other countries, and finally market the finished goods in most all countries around the world. On your screen, you see locations with the largest concentration of the world’s top multinational companies. The top ten multinational companies include seven oil companies, one automobile company (Toyota), one retailer (Wal-Mart), and one banking company (ING Group). Globalization Globalization typically progresses through a series of stages that include: Exporting International licensing International joint ventures Wholly owned international subsidiaries Global sourcing. The process of moving into the global economy usually starts with the exporting or importing of goods or services. Businesses must obtain the necessary licensing . | Global Business and Accounting Chapter 15 Chapter 15: Global Business and Accounting Globalization Occurs as managers become aware of and engage in cross-border trade and operations. A high level of globalization is a multinational enterprise that begins with raw material extraction and ends with final product assembly and sales in multiple foreign locations. Globalization is a term used to describe cross-border trade and operations. It covers all aspects of business from the extraction of raw materials to the production and sale of finished products. A high level of globalization is a multinational enterprise that begins with raw material extraction and ends with final product assembly and sales in multiple foreign locations. Globalization Location of the World’s Largest Multinationals in 2009 Country/Block Number of Companies Percentage European Union 163 33% United States 140 28% Japan 68 14% China 37 7% Switzerland 15 3% Canada 14 3% South Korea 14 3% Central/ South .

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