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ArtikelAre You Euro-Fluent ?  
Oleh: Wechsler, Sander S. ; Estrada, Anette W.
Jenis: Article from Bulletin/Magazine
Dalam koleksi: Journal of Accountancy vol. 187 no. 6 (1999), page 22-28.
Topik: EURO; euro - fluent
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: JJ85.8
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
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Isi artikelIn January, the European Union (EU) introduced a new currency named the euro. By 2002, it will be used by at least 11 EU nations, whose national currencies will pass into history. This immense change from a disparate - if distinguished - group of trading nations to a unified financial force will have big repercussions here. Some large U. S. companies, such as banks and insurance companies, began preparing for the currency transition shortly after the Treaty on European Monetary Union was ratified in 1993. But the euro will affect more than just large companies - any company that invests directly in Europe or that imports products from or exports them to Europe must tailor a euro strategy if it wants to stay competitive. To prepare for trade under the monetary union, U. S. companies must update their information systems, their internal and external financial reporting and assess the impact of the new currency on all business functions. CPA s who operate as CFOs, COO s or controllers of such companies may be responsible for their companies' euro conversion efforts, while CPA s in public practice must help their business clients manage the complexities of currency conversion, ensure compliance and reporting requirements are met and reassess tax strategies. Ignoring the changes taking place in Europe could cost your company or your clients business. Know what the euro is and what you need to do to become euro - ready.
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