Description
Of the 25 Dow Jones Title of the processing and manufacturing industry recorded 23 companies over the period of the years 2007- 2015, negative Translation – total – result. While this Translation – losses amounted in 2013 still to an average of 3.9% of the average group – profits, this quotient grew in 2014 to 11% and in 2015 even to 20.5%. At 7 groups the quotient of Translation loss 2015 to Profit 2015 amounts to 44.7% – 81.9%. These 7 US – groups could have increased her group – profits 44.7% – 81.9% in 2015 or about all 25 groups on an average 20.5% if they had neutralized their Translation – risk. In spite of these Translation – losses only 12 of these 25 groups hedged the Translation – risk by Net Investment Hedges. With increasing globalization the Translation problem will further grow. These and other interesting results from the balance – and hedge accounting analyzes with concern of these worldwide, famous US – corporations: e. g.: 3M, Apple, Boeing, Caterpillar, Chevron, Cisco, Coca – Cola, Du Pont, Exxon Mobil, General Electric, IBM, Intel, Mc Donald, Merck, Microsoft, Nike, Pfizer, Procter & Gamble, Walt Disney and Wal – Mart – Stores. Previously published books: 1)IRFS 9: Risk – Controlling IAS 39 / IFRS 7 – Hedge Accounting VI 2)IFRS 9: Analyse der Fehler IAS 39 / IFRS 7 3)Currency Headwinds – – Hedge Accounting V 4)Currency Headswind – Hedge Accounting V – Treasury in der Praxis 5)Treasury in Practice: 25 Dow Jones Groups- Hedge Accounting IV 6)Treasury in der Praxis: Devisen – und Derivate Management 7)Currency – and Financial Derivative Management in Practice: Hedge Accounting III 8)Mrd. Grab Devisenmanagement Teil III: Hedge Accounting III – 67 europaische Konzerne – 618 Mrd. Probleme 9)Treasury in Practice: Translation – Risk, Fair Value Hedge and Cash Flow Hedge: Hedge Accounting II 10)Mrd. – Grab Devisenmanagement Teil II: Hedge Accounting Soon appears: Hedge Accounting VII – Master Mind IFRS 9 – Routenplaner Corporate Finance”
