International Accounting Case

XYZ Corporation is a Swiss-based company that prepares its consolidated financial statements in accordance with IFRS. The company reported income in 2018 of $1,000,000 and stockholders’ equity at December 31, 2018, of $7,000,000.

           The CFO of XYZ has learned that the U.S. Securities and Exchange Commission is accepting financial statements of non-US firms using either US GAAP or IFRS in preparing consolidated financial statements. The CFO is curious  to determine the impact that switch from IFRS to U.S. GAAP would have on its financial statements and has engaged you to create a reconciliation of income and stockholders’ equity from IFRS to U.S. GAAP. You have identified the following five areas in which XYZ’s accounting principles based on IFRS differ from U.S. GAAP.

1.     Inventory

2.     Property, plant, and equipment

3.     Intangible assets

4.     Research and development costs

5.     Sale-and-leaseback transaction

XYZ provides the following information with respect to each of these accounting differences.

Inventory

At year-end 2018, inventory had a historical cost of $613,000, Information, such as replacement cost, selling value, sales commission, and profit margin for each individual product is provided below (XYZ company is conservative and calculating based on item-by-item of inventory):

Product

Television

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

Internation HR Case Study:

Just Another Move to China. Impact of international assignments on expatriate families.

1. In what ways does the MacDougall family represent a rare and valuable resource to a

multinational firm?

2. Reflecting on Lisa’s dual-career trailing spouse journey, how would you have approached the situation differently?

3. What problems do you foresee for Amelia and Emily if the MacDougall family undertakes another move after Shanghai?

4. Although not discussed, what impact do you think international mobility has had on the MacDougall’s marriage?

Instructions:

1. Please answer all the questions above based on the case study titled “Just Another Move to China. Impact of international assignments on expatriate families.”

2. Please follow strict APA format. Add all the relevant references as well.

3. No plagiarism. Please submit turnit in report as well.

4. Total number of words needs to 900

5. Please add more examples that supports the answers.

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

International Shoppes receives an average of 711 checks a day with an average amount per check of $199. The firm is considering a lockbox system to reduce the average collection time by 2.3 days. The bank charges $.24 a check while the daily interest rate on Treasury bills is .007 percent. What is the net present value of this lockbox arrangement?

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

International Logistics The Management opf International Trade Operations Third EditionUsing a product of your choice as well as an importer and an exporter of your choice, determine what would be the ideal Incoterm for a transaction.

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

International Business

1. Using the web, learn what you can about the future of the exchange rates for each of these countries and wether they are expected to appreciate or depreciate with respect to the dollar.
2. Given the information you have learend about hourly compensation costs for manufacturing workers
3. In the discussion section provided for this chapter, outline your reccomendation for a manufacturing firm that hopes to sell its product worldwide

• Will you manufacture in-house or will you outsource your manufacturing to an independent supplier located in one or more of the countries you have researched. Explain why.
• If you decide to outsource, which country or countries will you locate your manufacturing operations. Explain why.  

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"