Accounting Chapter 15

Selling a good or service to a foreign customer

A contractual agreement between a company & foreign party allowing the use of trademarks, patents, technology, designs, processes, intellectual property, or other proprietary advantage.

A company owned by 2 or more companies from different countries.

When a company uses its own funds to construct or purchase 100% equity contro of a foreign subsidiary.

The close coordination of R&D, manufacturing, & marketing across national boundaries.

A term used to describe the standardization of accounting methods & principles used in different countries thoughout the world.

The amount it cost to purchase one unit of currency with another country.

An increase in exchange rate.

To reconize any gains or losses that have accumulated on any foreign payables or receivables through the balance sheet date.

In the period in which the change occurs.

U.S. importers will gain & exporters will lose.

Importers will lose.

Taking offsetting positions so that your gains & losses tend to offset one another.

Accounts receivable in foreign courrency

A U.S. dollar helps companies that ell foreign made goods in the U.S. market. A weak dollar gives a competitive advantage to companies that sell U.S. products both at home & abroad.

Bribery