FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W47381147> ?p ?o ?g. }

• W47381147 startingPage "40" @default.
• W47381147 abstract "Eastern Europe is hot. The iron curtain is down, markets are opening up and Western companies are rushing in to set up shop. The six largest international accounting firms and a handful of smaller ones are in, too, sometimes on the heels of clients, sometimes forging the way and encouraging clients to follow. Though the Soviet Union and its former satellites are by no means prepared for a capitalist invasion, Western investors can't resist the tempting market of over 300 million new consumers, a continent of raw materials and European know-how offered at Latin American wages. The location isn't bad, either. The European Community is right next door and Europe 1992--the single market initiative--is around the corner. This is probably as big as Commodore Perry opening Japan, says Paul Hoffman, a partner and Eastern European liaison in the New York office of Arthur Andersen & Co. whole new section of the world is entering the global economy, and the movement is coming on fast. Arthur Andersen itself came on pretty fast in Moscow, opening an office there in the days of detente, and then closing it in the darker days of the cold war. Today the firm is back again, holding a 70% interest in a joint venture with Promsroy Bank, the Soviet Union's largest industrial bank. In late June the firm announced it would be the first Western accounting firm permitted to perform audits acceptable to the Soviet government. The following day, Ernst & Young announced it, too, would perform official audits. Previously, all certified auditing of transnational joint ventures was carried out by Inaudit, a Soviet agency established for that express purpose. But business is booming too much for Inaudit. With 1,800 joint ventures taking shape, the Soviet agency simply cannot keep up with the workload. In fact, the agency's situation worsened when Ernst & Young hired Inaudit's second-ranking official and Arthur Andersen took on three others from the agency's staff. A CPA IN THE MOSCOW MAY DAY PARADE All of the six largest accounting firms have or will soon have offices in Moscow, and Ernst & Young already has a second office operating in Kiev. All the firms, however, are experiencing a predictable problem: the conversion of financial information into forms useful to Western companies and investors. The Soviet Union's centrally controlled economy does not deal with such concepts as profitability and stockholder equity. Financial information there is aimed at measuring performance against production goals, not measuring profit and loss. C. Richard Eigenbrode, senior tax manager at Price Waterhouse, says that when he spoke to a group of upper-level managers at a seminar in Moscow, one of their questions was What is an operating loss? Even at that upper level, says Eigenbrode, they're struggling with basic concepts. To alleviate the accounting education problem and set things in motion for a compatible system of international accounting, theUnited Nations Center for Transnational Corporations (UNCTC) organized several brainstorming sessions and helped found an ongoing educational program in the Soviet Union. CPAs donated by the largest CPA firms are teaching in Soviet universities and institutions, using a special curriculum developed by Dr. Adolf J. H. Enthoven, director of the Center for International Accounting Development at the University of Texas--Dallas. The programs in Moscow, Leningrad and Kiev graduated their first 170 students this June. Raymon de Reyna, a Deloitte & Touche partner who taught an intensive two-week course at Moscow State University, was invited to march in the famous May Day parade in Red Square, perhaps the first Western CPA to receive such an invitation. A NEW ACCOUNTING SYSTEM FOR THE SOVIET UNION Being part of the educational program may be part of what de Reyna means when he says his firm is moving ahead on several fronts in Eastern Europe. …" @default.
• W47381147 created "2016-06-24" @default.
• W47381147 creator A5088713238 @default.
• W47381147 date "1990-09-01" @default.
• W47381147 modified "2023-09-23" @default.
• W47381147 title "Western Accounting Arrives in Eastern Europe; Even in the Soviet Union, Managers Are Being Taught to Measure Profit and Loss" @default.
• W47381147 hasPublicationYear "1990" @default.
• W47381147 type Work @default.
• W47381147 sameAs 47381147 @default.
• W47381147 citedByCount "0" @default.
• W47381147 crossrefType "journal-article" @default.
• W47381147 hasAuthorship W47381147A5088713238 @default.
• W47381147 hasConcept C121955636 @default.
• W47381147 hasConcept C136264566 @default.
• W47381147 hasConcept C155202549 @default.
• W47381147 hasConcept C162324750 @default.
• W47381147 hasConcept C17744445 @default.
• W47381147 hasConcept C199521495 @default.
• W47381147 hasConcept C199539241 @default.
• W47381147 hasConcept C2776233202 @default.
• W47381147 hasConcept C2910001868 @default.
• W47381147 hasConcept C2986359222 @default.
• W47381147 hasConcept C6303427 @default.
• W47381147 hasConcept C94625758 @default.
• W47381147 hasConceptScore W47381147C121955636 @default.
• W47381147 hasConceptScore W47381147C136264566 @default.
• W47381147 hasConceptScore W47381147C155202549 @default.
• W47381147 hasConceptScore W47381147C162324750 @default.
• W47381147 hasConceptScore W47381147C17744445 @default.
• W47381147 hasConceptScore W47381147C199521495 @default.
• W47381147 hasConceptScore W47381147C199539241 @default.
• W47381147 hasConceptScore W47381147C2776233202 @default.
• W47381147 hasConceptScore W47381147C2910001868 @default.
• W47381147 hasConceptScore W47381147C2986359222 @default.
• W47381147 hasConceptScore W47381147C6303427 @default.
• W47381147 hasConceptScore W47381147C94625758 @default.
• W47381147 hasIssue "3" @default.
• W47381147 hasLocation W473811471 @default.
• W47381147 hasOpenAccess W47381147 @default.
• W47381147 hasPrimaryLocation W473811471 @default.
• W47381147 hasRelatedWork W11578945 @default.
• W47381147 hasRelatedWork W137030040 @default.
• W47381147 hasRelatedWork W145753594 @default.
• W47381147 hasRelatedWork W225117552 @default.
• W47381147 hasRelatedWork W254209670 @default.
• W47381147 hasRelatedWork W256438128 @default.
• W47381147 hasRelatedWork W258689778 @default.
• W47381147 hasRelatedWork W266731726 @default.
• W47381147 hasRelatedWork W277697558 @default.
• W47381147 hasRelatedWork W283595447 @default.
• W47381147 hasRelatedWork W2993827083 @default.
• W47381147 hasRelatedWork W302721042 @default.
• W47381147 hasRelatedWork W302938701 @default.
• W47381147 hasRelatedWork W339691816 @default.
• W47381147 hasRelatedWork W345674055 @default.
• W47381147 hasRelatedWork W582767753 @default.
• W47381147 hasRelatedWork W598488827 @default.
• W47381147 hasRelatedWork W885469523 @default.
• W47381147 hasRelatedWork W214719219 @default.
• W47381147 hasRelatedWork W2585077363 @default.
• W47381147 hasVolume "170" @default.
• W47381147 isParatext "false" @default.
• W47381147 isRetracted "false" @default.
• W47381147 magId "47381147" @default.
• W47381147 workType "article" @default.