Ahmed Mostafa Eliwa German University in Cairo Supervised By: Prof: Dr. Ehab K. A. Mohamed 2 Chapter 1: IFRS Historical Background 1.1 Introduction The purpose of this chapter is to gather information about the history of the international financial and reporting standards (IFRS), the committee that issued them, and what the reasons behind issuing such standards are to be agreed and implemented across the world. In the following sections we will know more about the International Accounting
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Analyze Cultural and Legal Environments of MNCs Analysis of conducting business in International Business Cross cultural issues can crop up in a number of business environment. Internal companies should have the top leadership, who are from different countries, be conversant with the local staff from host countries that may need different models and processes. In international business operations, getting to be aware of the set structures and processes that include the varied cultures of the company
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The dissertation investigates the issues of employee motivation in Burger King and McDonald's exploring the factors that influence employees' commitment to work, the perceptions and attitudes of subordinates in Burger King and McDonald's toward management, the expectations and preference of fast food restaurants' staff towards their managers, etc. Literature on the theories of motivation is reviewed. The methods of the research are based on the primary data obtained form focus group interview and
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driving internationalization of businesses. 5 2. Alternative strategies for developing global business 6 3. Using information systems to support different global business strategies. 7 4. Challenges posed by global information systems and management solutions. 8 5. What are the issues and technical alternatives to be considered when developing international information systems? 10 References. 13 Section A. Executive Summary This document aims to explain the system design and hardware
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How does Porsche differ – operating structure, financial results, etc. – from other major European-based auto manufacturers? To begin with Porsche is a privately owned company controlled by the Porsche and Piéch family. They hold all the 8.75 million voting shares while mainly large institutional investors hold the other 8.75 million non-voting shares. Despite the fact that stock exchange and analysts’ requests more frequent and more detailed financial reporting Porsche is not willing to meet these
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Multinationals and Their Impact on Labour Scene in India Multinationals and their impact on Labour Scene 28 October, 2012 Multinationals and their impact on Labour Scene Table of Contents 1. BACKGROUND ........................................................................................................................... 2 2. PRE AND POST LIBERALIZATION ............................................................................................... 3 3. INDIAN LABOUR LAWS ................
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Company (UE), a large multinational organization with its European Head Quarters located in Geneva, Switzerland. The Company Head Quarter was located in the United States. Latour decided to sell Galvor to Universal Electric Company for $ 4.5 million of UE’s stock. Compare to UE Galvor’s total asset and revenues were quite small. Universal Electric Planning and Controlling System Universal, which is a company headquartered in the United States, is a large major multinational company in electric industry
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business. Cultural Environment Meaning of culture, values and norms, determinants of culture: social structure, religion, education, language, aesthetics, history and geography, impact of differences in culture on international business. Multinational Companies Concept and characteristics of MNCs and their impact on host countries (political, economic and cultural). 4. World Trading System & Regional Trade Agreements 9 hours Tariff and non-tariff trade-barriers, international
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that generate higher returns, including financial, resources, tech, and infrastructure plays, is a natural outcome of the globalization financial markets that seeks to adjust existing global imbalance. Based on the diverse investment nature of SWFs, the global fund industry anticipates huge opportunities to make money off the SWFs. At the same time, SWFs are believed to have a stabilizing role in global markets, helping to resuscitate struggling financial institution. This is based on two prominent
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business ownership is the most common form in the United States and also the simplest. In this form of business ownership, an individual proprietor owns the business, manages the business, and is responsible for all of the business' transactions and financial liabilities. This means that any debts incurred must be paid by the owner. Advantages of Sole Proprietorship Quicker Tax Preparation: As a sole proprietor, filing your taxes is generally easier than a corporation. Simply file an individual income
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