Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: RealMuLan who wrote (55680)	11/7/2004 2:10:02 AM
From: smolejv@gmx.net	Read Replies (1) of 74559

good stuff. from fiducia-china.com Regarding accounting in China there are several areas which require special attendance: Account Receivables in order to make big sales The frontline goal of many trading affiliated managers is to please headquarter with impressive sales figures. In nine out of ten cases, such companies don’t set any credit limit to their customers. It’s very common to find in their books that half of the account receivables are older than 180 days. .... Excessive storage of goods Due to long delivery lead times, limited logistic services, and currency restrictions, supply is of particular importance in China. A common way to solve this is advance purchases – the local management tries to hold as large amounts of inventory as possible. ... Influence of Currency Changes The liabilities to the headquarters tend to accumulate over time since many subsidiaries are in the red. Considering the huge base amount of these liabilities, a slight exchange rate fluctuation might cost companies a fortune. ...

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