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11 Cards in this Set
- Front
- Back
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Accounting Standards |
Rules for preparing financial statements, they define what is useful accounting information. |
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Auditing Standards |
Specify the rules for performing an audit. The technical process by which an independent person gathers evidence for determining if financial accounts conform to required accounting standards and if they are also reliable. |
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Internal Forward Rate |
Company-generated forecast of future spot rates |
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Money Management |
Decisions that attempt to manage the firm's global cash resources most efficiently. |
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Transaction Costs |
The cost of exchange |
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Transfer Fee |
Charged by the banks to move cash from one location to another. |
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Multilateral Netting |
Concept of bilateral netting extended to the transactions between multiple subsidiaries within an international business. |
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Tax Credit |
Allows an entity to reduce the taxes paid to the home government by the amount of taxes paid to the foreign government. |
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Tax Treaty |
An agreement between two countries specifying which items of income will be taxed by the authorities of the country where the income is earned. |
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Deferral Principle |
Specifies that parent companies are not taxed on foreign source income until they actually receive a dividend. |
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Tax Havens |
A country with exceptionally low, or even no, income tax. |
