Porsche, the most profitable carmaker in the world, earned six times more in 2008 from managing financial derivatives than from selling cars. This case discusses Porsche’s car business as well as its financial management. Since the mid 1990s, Porsche has achieved a steady growth in the luxury sports car market and has also expanded successfully into the mark......

After three decades of central planning it was time for China to emerge from isolation and become an important player in the world economy. Economic reforms since 1978 have taken China to a new trajectory of growth. Evolution into an open economy has synchronised the movement of macroeconomic variables like growth rate, inflation, and exchange rate, with the......

In a globalised business world it is often necessary to compare companies across national boundaries. This comparison often includes an examination of financial statements. While the process of internationalisation - or harmonisation - of accounting standards continues to progress, there still remain differences in how accounting information is reported betw......