Multinational companies

either revaluation cost or historical amount which are not in GAAP model. In case of using revaluation option it’s based on fair value at the date of the evaluation minus any subsequent accumulated depreciation and accumulated impairment losses. The companies in revaluation option can choose either model of a class of assets that must be stated at their fair value. Examples: Land, buildings, machinery, furniture, fixtures and office equipment . Using the historical cost, but revaluations are not…

The largest events and processes in the international life of the twentieth and beginning of the twenty first century, such as the formation of the United Nations; the development of integration processes in Europe, America and Asia; the growth of economic, political and cultural globalization; led to the strengthening of the influence of international relations, the development of world politics and the manifestation of global processes in the life of every society and every person. Moreover,…

Cycle 2 has ended and so has this course. In Fashion Merchandising, we have learned many topics, for example, the advantages and disadvantages of NAFTA (North American Free Trade Agreement), the three types of businesses (partnership, sole proprietorship, and corporation), and the three industry segments (primary market, secondary market, and tertiary market). A primary market is the industry segment that includes businesses that grow and produce the raw materials that become fashion apparel.…

Saskia Sassen begins by highlighting the ‘global' definition of a global city in a contemporary period. Her key concept of the global city places an emphasis on the system of information and capital. Cities are major parts of a bigger picture which is the systems of information and money. Financial institutions, consulting firms, accounting firms, law firms, and media organizations are all specialized economic businesses that rely on the flow of information and wealth throughout a city. Sassen…

Chapter Thirteen begins discussing about corporate rights being guaranteed in today’s economy system. The birth of the World Trade Organization in 1995 is discussed by David Korten and how it was a monumental step for corporate libertarianism. The wants and needs of today’s big corporations are “represented by a global body with legislative and judicial powers” whose end game is guaranteeing their rights in opposition to the violations of the democratic governments. Furthermore, the legislative…

Most all of today's cultures developed from ancient civilizations that grew and evolved into what they are presently. Still, they continue to change, all because of the global trade and communications networks that are utilized by societies in order to interact with each other, to spread ideas, and to further develop the ideas we have currently. These heavily integrated trade systems were first instilled by ancient civilizations, and fueled the movement and development of communication,…

Responsibilities of Multinational Corporations Sourcing from Countries with Poor Human Rights Protections Within business today, there is a growing trend of multinational corporations actually sourcing from countries that are, for one reason or another, disadvantaged. However, although many of these countries might be disadvantaged in some way, it can, and frequently does, work in favor of the business itself. One of the most salient of these examples is that of multinational businesses…

Corporate social responsibility (CSR) is a concept that almost all firms state that they incorporate and embed into the core of their business activities and strategies. However, it can be argued that often times CSR is not properly embedded into a firm if their CSR strategy does not affect the firm’s strategy, routines and operations. This is known as peripheral CSR (Aguinis and Glavas, 2013). This essay explores what the defining internal and external barriers are to effectively embedding CSR…

Globalization, as defined by the dictionary, is the act of worldwide integration and development. It can affect the economy, the culture, the people, and the political systems. This can lead to positive aspects reaching all parts of the globe, as well as leading to some individual cultural identity losses. Technological advancement has made globalization an increasing world phenomenon and reaching all parts of the globe at a much higher pace than before. Brazil is a country that is facing…

Essay Introduction Globalisation is the integration of countries and individuals worldwide (Peng, 2003). Furthermore, Economic globalisation is the international integration of the flow of goods, technology, labour, capital, information and processes utilised in the establishment of globalisation. Globalisation is made possible through international trade; international trade started within the 18th century and is a big part of global economies today. This trade consists of imports and exports;…