Global Finance 417- The international expansion of business activities can create potential
problems because of different business and cultural norms. Practices that
may be common in some countries may be in direct conf lict with U.S.
law. Firms should be certain that they are familiar with and in compliance
with the provisions of the Foreign Corrupt Practices Act of 1977.
FOR ADDITIONAL READING
Beaver, W., and W. Landsman, Incremental Information Content of Statement 33
Disclosures(Stamford, CT: FASB, 1983).
Choi, F., ed., Handbook of International Accounting (New York: John Wiley, 1991).
Comiskey, E., and C. Mulford, Guide to Financial Repor ting and Analysis(New
York: John Wiley, 2000).
Epstein, B., and A. Mirza, Interpretation and Application of International Account-
ing Standards 2001 (New York: John Wiley, 1997).
SFAS No. 133,Accounting for Derivative Instruments and Hedging Activities(Nor-
walk, CT: FASB, June, 1998).
Financial Accounting Standards Board, The IASC-U.S. Comparison Project: A Re-
por t on the Similarities and Differences between IASC Standards and U.S.
GAAP(Norwalk, CT: FASB, November, 1996).
,Financial Repor ting in Nor th America—Highlights of a Joint Study(Nor-
walk, CT: FASB, December, 1994).
Frishkoff, P., Financial Repor ting and Changing Prices: A Review of Empirical Re-
search(Stamford, CT: FASB, 1982).
Goodwin, J., S. Goldberg, and C. Tritschler, “Understanding Foreign Currency De-
rivative Measurements as FASB Moves Toward Fair Value Reporting,” The
Journal of Corporate Accounting and Finance,7, (spring 1996): 75–84.
Goldberg, S., and J. Godwin, “Foreign Corrupt Practices Act: Some Pitfalls and
How to Avoid Them,” The Journal of Corporate Accounting and Finance ,7,
(winter 1995–1996): 35– 43.
Haskins, M., K. Ferris, and T. Selling, International Financial Repor ting and Analy-
sis(Chicago: Richard D. Ir win, 1996).
Kim, H., Fundamental Analysis Worldwide(New York: John Wiley, 1996).
Mulford, C., and E. Comiskey, Financial Warnings(New York: John Wiley, 1996).
Radebaugh, L., and S. Gray, International Accounting for Multinational Enterprises,
3rd ed. (New York: John Wiley, 1993).
Shapiro, A., Multinational Financial Management,5th ed. (Upper Saddle River, NJ:
Prentice-Hall, 1996).
ANNUAL REPORTS REFERENCED IN THE CHAPTER
Adobe Systems Inc. (1999)
AGCO Corporation (1999)