A firm that reports in different countries can give different accounts of itself

Article Abstract:

Companies from different countries cannot be compared in terms of their financial reports since there is no standard approach to company accounting. For instance, the profit and loss account takes precedence in countries dominated by non-bank shareholding while focus is on the balance sheet in places where banks are more influential. In other areas like France and Japan, consolidated statements for shareholders are added to accounts for tax purposes. When it comes to valuing stocks, most of western Europe prefers the first-in/first-out (FIFO) measurement while the last-in/first-out approach is the choice in the US and in inflation-prone countries. The International Accounting Standards Board has been attempting to resolve this lack of accounting comparability. It has already made several recommendations, including the capitalization of goodwill and the use of FIFO measurement for inventories.

Evaluation, Accounting, Corporation reports, Company reports

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The upside of down

Article Abstract:

Lancer Boss Group Ltd is a privately-owned UK company that has emerged as a world-class player in the forklift truck industry. In 1991, Lancer Boss was ranked ninth worldwide in its sector in terms of volume turnover, with sales of 201 million pounds sterling. The remarkable rise of Lancer Boss, is the result of a prescient acquisition-driven expansion strategy that has resulted in a five-fold increase in turnover since 1978. Lancer Boss Chmn Neville Bowman-Shaw expects the company to continue growing despite the fact that the forklift truck industry has hit a 10-year low in sales. Bowman-Shaw's optimism is based on the assumption that the globalization of business shall lead to an upsurge in demand for Lancer Boss products as companies invest heavily in equipment that can help them set up low-cost distribution systems.

Industrial trucks and tractors, Management, Truck industry, Company Profile, Lancer Boss Group Ltd.

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Europe no longer catches a cold when the US sneezes but there are side effects

Article Abstract:

Europe is eagerly awaiting signs of US economic recovery as interest rates drop and exports increase in the European market. However, the growing federal budget deficit and balance of payment deficit are slowing down any economic growth in the US. This anemic recovery has made the US economy the focus of ongoing campaigns for presidential elections. Although the slightest signs of US economic growth are being greeted with relief in Europe, the health of the US economy is not expected to affect economic developments in the region as easily as in the past. This is due to Europe's ongoing efforts to attain economic unification, which has served to protect the region's trade market from US economic uncertainties. It is feared that continued economic difficulty in the US will result in its loss of long-term business.

United States, Analysis, Europe, Economic aspects, Economic development, United States economic conditions, Economic indicators

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