Posts Tagged: Exchange rates

Chinese Exodus of Capital

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Video Updates.

With the Chinese economy tanking, more and more wealthy families are trying to move large sums of money out of the country. As Mr. Bradsher notes in this article, “some methods are perfectly legal, like investing in real estate elsewhere, buying businesses overseas and paying off debts owed in dollars. Others, like Smurfing, are more… Read more »

Walking a Tight Wire in the Kraft – Cadbury Merger?

Posted by & filed under Advanced Accounting, All Articles, International Accounting.

Kraft Foods, Inc. Chief Executive Officer, Irene Rosenfeld, is walking a tight wire in negotiations to buy Cadbury Plc. She is trying to please Cadbury investors, but is receiving criticism by Kraft investors, like Warren Buffet, who says the takeover is diminishing its merit by paying too much stock for the deal. The current cash-stock… Read more »