In one of my earlier articles, I mentioned FRS, IFRS, IAS, etc. So what really is the difference between those mentioned and GAAP?

Simply, Generally Accepted Accounting Principles (GAAP) is the standard framework of guidelines for financial accounting. It includes the standards, conventions, and rules accountants follow in recording and summarizing transactions, and in the preparation […]

Reported in China Daily.com,
Updated 2006-05-26 09:03
Investment bankers and analysts in Shanghai and Hong Kong have shown strong support for the proposed new rules on mergers and acquisitions for mainland publicly traded companies, to be published by the China Securities Regulation Commission (CSRC) next Monday.
The major changes involved are as follows:

A major change proposed by the […]

During the drafting of the agreement, the following aspects should at least be included:

Definitions ( like technical terms specific to the industry)
Identity of the partners
Purpose of the joint venture
Scope of the joint venture
Activities of the joint venture
Validity period of the agreement including time span of joint venture
Contribution of each partner
Responsibilities and obligations of each partner
Equity […]

Generally, we need to understand what might be the potential issues when setting up a joint venture partnership. This might includes the following:

Conflicts of interest if they are competitors
Unable to delineate areas of responsibility
Mistrust of each other
Fear of loss of know-how
Cultural barriers
Different business practises
Differing in ideas about pay systems and criteria of recruitments
Strategic needs of […]

The following are the basic types of Joint venture partnerships:
• Complementary technology joint ventures- the partners combine their technologies to diversify their existing product or market portfolios
• Market technology joint ventures – combination of the market knowledge of one partner with the production or product know-how of the other
• Sales joint venture- the producer and […]