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Surviving culture clash: How to read German financial statements
Author(s) -
Goldberg Stephen R.,
Godwin Joseph H.
Publication year - 2002
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.10100
Subject(s) - german , business , accounting , finance , archaeology , history
As global business expands, more U.S. firms want to buy foreign companies—or invest in them, formalliances, or extend credit to them. So U.S. firms examine foreign companies' financial statements togauge the risk. But cultural— as well as accounting—differences can get in the way. For example,financial statements for German companies can befuddle a U.S. reader. What must you know to really understandthem? © 2002 Wiley Periodicals, Inc.