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Essay / Research Paper Abstract
This 8 page paper looks at three different issues concerning financial management. The first part of the paper considers the similarities in financial accounting between domestic and multinational companies. The second part of the paper considers the differences in financial management between these two company types and the last part of the part examined the methods that may be used to deal with the difficulties faced by international companies when undertaking capital budgeting exercises. The bibliography cites 15 sources.
Page Count:
8 pages (~225 words per page)
File: TS14_TEFMinter.rtf
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Unformatted sample text from the term paper:
and value for their shareholders within the areas of predetermined operations and within the set policies and principles of the company and the legal framework. The financial
management will be concerted with ongoing management issues such as budgets loan repayments and efficiency measures (Watts, 1996). Financial management may be seen as the way in which the finances
are controlled, there may be a range of issues to be considered and tool used, form the different approaches to accounting; such as accounting policies, for example use of historical
cost conventions or the current market value approach (Elliott and Elliott, 2005). In each case the company will have the flexibility regarding which approach to use for these , and
other convention, often choosing the approach they feel will either most fairly represent the performance of the company, or possibly give the company the best image, supporting share prices
or that which gives the best capital structure (Koedijk and Van Dijk, 2002). Financial management has also involved the management of costs. The movement of jobs to developing countries
is one way that costs have been decreased, this was until recently a move that could only be undertaken by multinational companies unless a domestic company set up a new
facility or undertook to subcontract the work, however with the development of the practice of outsourcing this is not limited to multinational companies only (Lewis, 2004). Therefore, even attention to
the operational aspects such as this may be seen as having commonalities. Other aspects such as the cost of equity, cost of capital, the best capital structure as well
as general budging and management of the inputs are all issues that have to be faced by all companies in the domestic and the international settings, the only difference may
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