Posts Tagged: Foreign currency

During Trump Times

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

According to the New York Times, the world currency that has gained the most since Donald J. Trump’s inauguration as president is the Mexican peso. Questions: 1. How much has the peso gained since the day that President Trump was inaugurated? 2. How much did the peso plunge on the day that President Trump was… Read more »

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 »

Money Melting a Hole in Your Pocket?

Posted by & filed under Accounting Principles, All Articles, Financial Accounting, IFRS, Intermediate Accounting, International Accounting, Video Updates.

Canada started rolling out new, polymer-based $100 bills two years ago, followed by 50s and then, last November, 20s. The money, which isslick like a sheet of plastic, hard to fold and partly transparent, is more difficult to counterfeit than Canada’s old paper-and-cotton bills. Australia and New Zealand have used similar, plasticized notes for years…. 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 »