ABSTRACT
This chapter discusses basic finance, accounting, taxation, and control enablers used by multinational companies. First, finance and accounting are defined, as are their relationships and the related management tasks and processes involved in multinational business situations. Finance, accounting, and tax accounting systems are extremely important enablers in multinational strategic management, as are management control and planning systems. The chapter discusses the management control and planning systems are not limited to those found in the financial and accounting areas. Financial accounting supplies information to people who are generally not interested in the day-to-day operations of the company, the external users of accounting information and reports. The chapter discusses the News Corporation's experiences in the area of taxation and the tax savings resulting from the enlightened use of tax laws. Finally, it examines combined integrative role of finance, accounting, taxation and control, in enabling an enterprise to effectively realize its strategic vision by directing and stimulating innovation and by controlling performance.
