Which accounting systems are shaped more by government

Assignment Help Business Management
Reference no: EM13835727

Question 1 

Which of the following statements is TRUE concerning the International Accounting Standards Board?

 

  1.  It is an institution of the European Union designed to harmonize accounting in EU member countries.
  2.  The EU has voted to not adopt IFRS issued by the IASB so that it will not hurt its own convergence efforts.
  3.  The IASB and the FASB of the United States are working closely to harmonize accounting standards.
  4.  FASB has been ordered by the SEC to not work with the IASB in setting accounting standards.

 

Question 2 

The process of restating foreign currency financial statements into U.S. dollars is known as _________.

 

  1. conversion
  2. translation
  3. consolidation
  4. recognition

 

Question 3 

Brooke buys shares of stock in a small bakery in a foreign country in return for an ownership position and promised capital gains. This is an example of __________.

 

  1. equity securities
  2. debt financing
  3. playing the stock market
  4. investing in Euroequities

 

Question 4 

Which accounting systems are shaped more by government influence?

 

  1. Macro-uniform accounting systems
  2. Micro-based systems
  3. Pragmatic business practice systems
  4. Business economic theory systems

 

Question 5 

Coca-Cola has subsidiaries all over the world. The process of combining the results of its far-flung operations into one set of financial statements for investors is known as __________.

 

  1. combination
  2. evaluation
  3. consolidation
  4. unification of results

 

Question 6 

Home-country nationals are:

 

  1. used a great deal abroad by polycentric companies.
  2. citizens of the countries in which they are working.
  3. citizens of the country where the company is headquartered.
  4. noncitizens of the countries in which they are working.

 

Question 7 

The translation method used when the functional currency is the parent currency is the __________.

 

  1. current-rate method
  2. temporal method
  3. translate-restate method
  4. consolidation method

 

Question 8 

The balanced scorecard is:

 

  1. when a company strikes a balance between high and low transfer prices.
  2. an approach to performance measurement.
  3. used widely by U.S. firms but not European firms.
  4. not very successful at linking financial and nonfinancial performance.

 

Question 9 

The concept of leveraging in finance refers to:

 

  1. the degree to which companies rely on foreign exchange to fund operations.
  2. how a company hedges it foreign currency obligations.
  3. the degree to which a firm funds the growth of a business by debt.
  4. how much cash the CFO has in the bank.

 

Question 10 

The price on the sale of goods from one member of a corporate family to another is known as a __________.

  1. transfer price
  2. sale/resale price
  3. global price
  4. multidomestic price

Reference no: EM13835727

Questions Cloud

Discuss the importance of ethics in organizations : For your discussion post this week, discuss the importance of ethics in organizations today. In addition, give us at least one specific example and explain how ethics can impact organizational effectiveness (positively or negatively)
Draw an a on a chart : Draw an A on A chart. What is the critical path? What is the project duration? When the latest can we start activity A1?
Adoption of electronic health records : Adoption of Electronic Health Records
Examine the relevance of strategic planning to organization : When initiating the strategic planning process, you want to be able to obtain stakeholder buy-in, and to do this, you have to be able to explain its relevance. For this Discussion, you examine the relevance of strategic planning to the organizatio..
Which accounting systems are shaped more by government : Which of the following statements is TRUE concerning the International Accounting Standards Board? It is an institution of the European Union designed to harmonize accounting in EU member countries.  The EU has voted to not adopt IFRS issued by the I..
Explain the organization mission and values : Identify organizational stakeholders and explain how you might analyze stakeholders. Develop and/or explain the organization's mission, values, and strategic initiatives
What can you do to change the playing field : What can you do to change the playing field
Explaining a new business to investors : Explaining a New Business to Investors

Reviews

Write a Review

 

Business Management Questions & Answers

  Business managementan expert in a particular business area

business managementan expert in a particular business area for example a software expert in a software development

  Apple computer in the ipod business

Explain why Apple Computer has done so much better in the iPod business.

  Budgetary priorities.

Identify a specific public policy problem that, in your opinion, has not received sufficient funding from Washington or from your state.

  Discusses rouse and the value of outcomes

Discusses Rouse and the value of outcomes and work according to Rouse.

  Compute the npv if you keep the old machine

Compute the NPV if you keep the old machine and Example $23,345.50 is entered as 23346

  Define and demonstrate your ability to analyze a set of fact

You must choose an ethical issue that will demonstrate your ability to analyze a set of facts and identify ethical and unethical issues

  Analyze the origins and subsequent evolution of home depot''s

Determine and analyze the origins and subsequent evolution of Home Depot personal and workplace values.

  Zuckerbergs leadership ceo facebookresearch the background

zuckerbergs leadership ceo facebookresearch the background of facebooks ceo and include the following information in a

  Propositions perform in successful business models

What role do value propositions perform in successful business models?

  Work culture of an organization

Why is the partnership with the management team so important to this process and Work Culture of an organization

  Describe the market outcome in graph

Now draw another graph to display how the change in the price of Japanese cars affects the price of American-made cars in the United States. Describe the market outcome in each graph and the link between the two graphs

  Explain how re-writing your goals in s.m.a.r.t

Write summary of Explain how re-writing your goals in S.M.A.R.T. goal format changed the way you look at the goals.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd