Premium Essay


In: Business and Management

Submitted By maxxxx
Words 715
Pages 3
Acct 883/483
International Accounting

Sample Exam

Multiple Choice 1. How is the term “stocks” used on the balance sheet of a British company? A) Capital stock in the Owners' Equity section B) Shares of another company owned as marketable securities. C) Fixed assets D) Inventory

Answer: D Level: Medium LO: 1

2. A study conducted by the SEC in 1993 illustrated that U.S. GAAP was more conservative for most of the foreign entities listed on U.S. exchanges. What does this mean? A) Income restated under U.S. GAAP was higher than income under GAAP of the companies' home countries. B) Income restated under U.S. GAAP was lower than income under GAAP of the companies' home countries. C) Income reported under U.S. GAAP is more accurate than income reported under GAAP of other countries. D) Assets were understated when restated using U.S. GAAP.

Answer: B Level: Medium LO: 2

3. Differences in legal systems used in various countries have been cited as one reason for diversity in accounting practice. What are the major types of legal systems? A) commercial law and accounting law B) rules and regulations C) written law and unwritten law D) common law and code law

Answer: D Level: Easy LO: 3

4. The accounting standards in code law countries tend to be . . . A) very detailed. B) formulated by organizations such as the FASB. C) stated broadly without much guidance on accounting procedures. D) very conservative.

Answer: C Level: Medium LO: 3 5. According to Sir Bryan Carsberg, former IASC Secretary-General, what is the most significant cost of accounting diversity? A) The time expended by accountants to create multiple sets of financial statements conforming to different national standards. B) The cost of the IASB to regulate compliance with many…...

Similar Documents

Premium Essay

Program Planning and Evaluation

... 18 U.S.C. §2261 Interstate Stalking, 18 U.S.C. §2261A Interstate Travel to Violate an Order of Protection, 18, U.S.C. §2262 Penalties ](MINCAVA, 2012). and many individual states actually have laws that are similar, if a law can be written to save just one victim or child shouldn't it be so? References domestic violence statistics. (2012). Retrieved from Hsm/270 appendix b. Informally published manuscript, HSM/270, University of phoenix, AXIA MINCAVA, Minnesota center against violence and abuse. (n/a). The federal domestic violence laws and the enforcement of these laws. Retrieved from website:

Words: 890 - Pages: 4

Premium Essay


...Elhousany Abosamra Week 3 homework Chapter (5), exercise (1): a. S = k (YZ)/P = 100(11,000 1200)/20,000 = 66,000 b. S = 100(11,000 1200)/17,500 = 75,429. Sales revenue will rise. c. Obtain time series data on S, Y, Z and P and use regression techniques to estimate k. One way to do this is to use a double log style, as in Log S = log k + log Y + log X – log P. The intercept is log k. To find the anti-log of it, use the exponential, elog k. d. Sales in period t+1 are a function of variables whose values are unknown prior to period t+1. Therefore, before one could estimate St, one would first have also to estimate Yt, Zt, and Pt. Chapter (5), exercise (5): For this problem, the column headed as 5-Year Moving Average is the actual annual figure, and I will forecast 2010 for that column and all the other empty columns. The bold and underscored numbers fill in the table on the next page. Year | 5-year MA | 3-year MA | Ex Smooth | Ex Smooth | Ex Smooth |   | | | W = 1.0 | W = .9 | W= .3 | 2000 | 800 | | | | | 2001 | 925 | | | 800 | 800 | 2002 | 900 | | | 912.50 | 837.50 | 2003 | 1025 | | 900 | 901.25 | 856.25 | 2004 | 1150 | | 1025 | 1012.63 | 906.88 | 2005 | 1160 | 1025 | 1150 | 1136.26 | 979.81 | 2006 | 1200 | 1112 | 1160 | 1157.63 | 1033.87 | 2007 | 1150 | 1170 | 1200 | 1195.76 | 1083.71 | 2008 | 1270 | 1170 | 1150 | 1154.58 | 1103.60 | 2009 | 1290 | 1207 | 1270 | 1258.46 |......

Words: 1021 - Pages: 5

Premium Essay


...Problem Set 3 (Chapters 5, 6 and 18) Chapter 5 23. Download the annual returns on the combined NYSE/NASDAQ/AMEX markets as well as the S&P 500 from the Online Learning Center at Problem 5-23 Data For both indexes, calculate: A. average return B. standard deviation of return C. skew of return D. kurtosis of return E. the 5% value at risk F. based on your answer to parts (B)--(E), compare the risk of the two indexes. Chapter 6 A manager is considering 3 mutual funds. The first is a stock fund, the second is a bond fund, and the third is a T-bill money market fund that yields rate of 5.5%. The probability distributions of the risky funds are Expected Return Standard Deviation Stock fund ( S ) 15% 32% Bond fund ( S ) 9 23 The correlation between the stock fund and the bond fund is 0.15 Use the above data solve the questions below: a) Tabulate and draw the investment opportunity set of the two risky funds. Use investment proportions for the stock fund of 0 to 100% in increments of 20%. What expected return and standard deviation does you graph show for the minimum-variance portfolio? b) What is the reward-to-volatility ratio of the best feasible CAL? c) Suppose now that your portfolio must yield an expected return of 12% and be efficient, that is, on the best feasible CAL. a. what is the standard deviation of your......

Words: 402 - Pages: 2

Premium Essay


...CHAPTER 5 Internal Control Evaluation: Assessing Control Risk LEARNING OBJECTIVES | | | | | |Review |Exercises, Problems, | | |Checkpoints |and Simulations | | | | | |Distinguish between management’s and auditors’ responsibilities |1, 2, 3, 4, 5 | | |regarding a company’s internal control. | | | | | | | |Define and describe internal control. |6, 7, 8 | | | | | | |Define and describe the five basic components of internal control, |9, 10, 11, 12, 13, 14, 15, 16, |62, 66, 69, 70 | |and specify some of their characteristics. ...

Words: 9314 - Pages: 38

Premium Essay

Aiu Fin630 Discussion Boards trade with the intention of gaining profit by the government and central banks (Forex Market, 2013). The foreign exchange transactions between international banks are settled by a correspondent bank. A financial institution called a correspondent bank provides services on behalf of another to conduct business transactions, accept deposits, and gather documents. They will act as a domestic bank’s agent in foreign countries. They are used because they have more access to foreign markets and open up a service to the bank’s clients without opening a branch in another country (Definition, 2013). References Chapter 5 The Market for Foreign Exchange. Retrieved 25 June 2013 from Definition of ‘Correspondent Bank’. Retrieved 25 June 013 from Investopedia: Forex Market Participants. Retrieved 25 June 2013 from Oanda: The Foreign Exchange Market for Beginners. Retrieved 25 June 2013 from Go Currency: Unit 2 Week 4: The forex market or market for foreign exchange is the market that allows for the trading of currencies. The forex market consist of almost a trillion in daily volume and is the largest market in the world (The Foreign, 2013). The foreign exchange market contains the wholesale or......

Words: 1782 - Pages: 8

Free Essay


...take over to help control the population of the prey. Human disturbance example would be pollution of any type and puts a strain on the ecosystem. The ecosystem has a natural recovery system and each time we pollute it is harder for that area to bounce back. Over the course of centuries the ecosystems have managed to build up a resistance and use every resource available to bring itself back to a productive state ( 2014). Reference: Carbon and Nitrogen Cycle, Sara Santos Disturbance Ecosystem-Level Processes, Steve Archer and Fred E. Smeins Grasslands and Carbon: Processes and Trends, Rebecca McCulley Grasslands Terrain of Many Names Abiotic and Biotic Factors of the Grasslands

Words: 562 - Pages: 3

Premium Essay

Case Study 2 (Chapter5)

...INTERNATIONAL UNIVERSITY OF MANAGEMENT Information system strategies 140071278 JOSEPH ILONGA Case study 2 (chapter3) 1. Identify the key software applications used by The Tea collection. * website for shopping online * design software * Geo-mapping to see where the market is not over saturated with children's clothing * A back end tool for retailers to be place orders over the internet * Software that was created for the company is a tool bag in for retailers to make it easier for the ordering processing for the internet users.  2. How does the Geo-mapping software help the company grow? Explain how sales reps use the results of the Geo-mapping system. The Tea Collection plays a role for ensuring their survival and to promote competitive advantage. The customer service has been well improved and It helps the organization to prepare themselves so that they can work up to a level which will allow them to be on top, at the same time it shows how the markets that they have already targeted are operating.  It uses the software to be able to sell their products online across the country. 3. What is the main technology challenge identified in the video? How would you suggest this challenge should be addressed? The main technology challenge identified in this video is the integration of the different computer systems, would suggest addressing this dispute by investing money in in-house training of the people working on integrating these systems. So that everyone in......

Words: 480 - Pages: 2

Free Essay

Concrete Material

...Goldfinger * The Barbican Centre * The cube * Unite d’Habitation CHAPTER 4: Ornamentation Buildings to demonstrate my points: * The Villa Muller, Adolf Loos * Goldman and Salatsch building, Adolf Loos * He felt the lack of ornamentation was the sign of spiritual strength. Loos insisted that functional objects should not be decorated as he believed that it was a waste of effort and materials * Adolf Loos had completed the Steiner House in Vienna, which clarified his strong principles against ornamentation CHAPTER 5: Concrete Utopia: Talk about Roehampton estate (Alton east and Alton West) and link the idea of concrete and social housing Robin Hood gardens- What is good about it and what is bad? CHAPTER5: conclusion- summarise your points....

Words: 263 - Pages: 2

Premium Essay

Policing Organizations in America an officer may have to train a new officer, or required to dispatch or other administrative jobs inside the precinct. The roles of a police officer greatly affect the community in which he or she is patrolling and can be a challenge every day. Even though the federal government and policing agencies seem to be similar, they do not follow the same responsibilities. Policing organizations at local and state level have different roles and functions. Federal employees do not have to investigate crimes, whereas local police do. Reference Page Walker, s., & Katz, C. M. (2008). The Police in America. An Introduction, Sixth Edition.

Words: 831 - Pages: 4

Premium Essay

Opre 6301 Note

...standard deviation---more consistent high standard deviation--- less consistent measure quartiles: divide into four equal potion Q2= median Q1=lower quartile Q3= upper quartile percentile: divide into 100 equal potion 82ed percentile outscoured 82% of your class there is no 100 percentile position of percentile (P* n)+(1-P) box plots median, center, first quartile ,third quartile smallest and largest SESSION3 Uses of the standard deviations the empirical rule applies to normal distributions u=0 standard diviation=1 p113 eg4.9 coefficient of variation (1-100) p115 relative standard error measures the spread of a set of data as a proportion of its MEAN S (SRANDARD DEVIATION)/Mean chapter4 section 4,7,8, chapter5 Measures of LINEAR rEALTIONSHIP Linear correlation coefficient -1...

Words: 627 - Pages: 3

Premium Essay

Level of Task Behavıor

...CASE STUDY CHAPTER5 Eıleen Nolland is one of the high quality worker that every leader or boss desired to have. Eileen take responsibility of works, even more than her responsibilities. She is working for a company like a leader, which is not her position in the company, that makes her informal power in the company. Her boss familier what she is doing in the company and sometimes he gives to credit such as she is free to go home somedays... This makes other workers at the company a bit well, and making them to think that Eileen has a special treatment. In this case people always have same ideas about gender differencies. If Eileen and her boss have the same gender,may be it wouldn't be big issue like that. Eileen's boss has three options. First, he will give the formal power to the Eileen, make her as a team leader. Second, he will try to find another people train them as a new Eileen. Third option,which is not the best, fire Eileen to teams benefits. Sometimes good leaders have to give up that someone really important for them... Nida DEMIRBAS CHAPTER 6 CASE STUDY In this case there are several variables like casual and intervening. Casual variables are Camii's feelings and personal feelings. In the begining she was so confıdence about her new task. however intervening variables such as her co-workers, who are technical staff member, made her new excitement turn to opposıte, because they don't believe that she is able to do this task. There......

Words: 385 - Pages: 2

Premium Essay


...This article was downloaded by: [University of Macau Library] On: 09 October 2014, At: 18:24 Publisher: Routledge Informa Ltd Registered in England and Wales Registered Number: 1072954 Registered office: Mortimer House, 37-41 Mortimer Street, London W1T 3JH, UK Chinese Journal of Communication Publication details, including instructions for authors and subscription information: “Platonic relationships” in China's online social milieu: a lubricant for banal everyday life? Yann-Ling Chin a a Arts, Humanities and Education, Nottingham Trent University , UK Published online: 14 Nov 2011. To cite this article: Yann-Ling Chin (2011) “Platonic relationships” in China's online social milieu: a lubricant for banal everyday life?, Chinese Journal of Communication, 4:4, 400-416, DOI: 10.1080/17544750.2011.616286 To link to this article: PLEASE SCROLL DOWN FOR ARTICLE Taylor & Francis makes every effort to ensure the accuracy of all the information (the “Content”) contained in the publications on our platform. However, Taylor & Francis, our agents, and our licensors make no representations or warranties whatsoever as to the accuracy, completeness, or suitability for any purpose of the Content. Any opinions and views expressed in this publication are the opinions and views of the authors, and are not the views of or endorsed by Taylor & Francis. The accuracy of the Content should not be......

Words: 10055 - Pages: 41

Free Essay


...Forlag Aps, 1. udgav, 1. oplag, 2014 2 tml 3 Frøsig Marianne, Hede Kirsten, Jørgen Frank G, Paludan-Müller Paul, Biologi i udvikling, side 19, Nucleus - Foreningen af Danske Biologers Forlag Aps, 1. udgav, 1. oplag, 2014 3 cellemembranen, er en speciel form for diffusion og kaldes osmose. Når et stof, f.eks. NaCl-molekyler tilsættes på den ene side af cellemembranen, vil de ikke kunne bevæge sig, fordi de binder for mange frie vandmolekyler til sig, da stoffet er polært. Derfor vil der opstå en nettobevægelse af vandmolekyler fra den ene side af cellemembranen, til den side med de opløste stoffer, for at opretholde balancen af frie vandmolekyler på begge sider af cellemembranen. Cellerne vil hele tiden afgive eller optage vandmolekyler så balancen opretholdes. 4,5 Materialer Kartofler  Grøntsagskniv  Fladbundede reagensglas  Rapport  NaCl-opløsninger: 1) 5% 2) 3% 3) 1% 4) 0,5% 5) Demineraliseret vand   Mærkater  Vægt  4 Tusch Køkkenrulle Frøsig Marianne, Hede Kirsten, Jørgen Frank G, Paludan-Müller Paul, Biologi i udvikling, side 20, Nucleus - Foreningen af Danske Biologers Forlag Aps, 1. udgav, 1. oplag, 2014 4 5 ml Hypotese Der forventes, at saltet vil blive opløst i vandet,......

Words: 1667 - Pages: 7

Free Essay


...CHAPTER FIVE CONCLUSION, RECOMMENDATION AND SUMMARY 5.1 Introduction This chapter consists of conclusions, recommendation and summary of the chapter. 5.1 Conclusion In this project work, the researcher has attempted to establish the factors that influence dividend payout for firms listed on the London Stock Exchange and 32 firms were randomly selected covering a period of nine years (2004 – 2009). In other to reach a better understanding of the study, relevant literature reviews and some empirical research studies on dividend policy were critically examined. Six explanatory variables were chosen to be the predictor of dividend payout, which are liquidity, leverage, profitability, firm size, growth opportunities and cash flow. However, this study has confirmed that profitability and liquidity are important determinants of dividend policy in a UK firm. 5.2 Recommendation Based on the findings from the analysis, the following recommendations are made for firms: (i) Profitability in the firm must always be maintained. This is because a profitable business implies that cash would be available to distribute to the shareholders. The level of profitability must always be in focus for the firm; if it is to attain any considerable improvement in its dividend policy. (ii) The firm’s liquidity must be sustained over time. This implies that the firm’s policy must strive to maintain a relatively high ratio of current assets to current liability. This ensures a sustainable......

Words: 662 - Pages: 3

Premium Essay


...PART-A CHAPTER 1 | CONTENTS | PAGE NO | | Executive Summary | | A | Industry Profile | | B | Company Profile 1.1 Background and Inception of the Company1.2 Nature of the business carried1.3 Vision, Mission and Quality Policy1.4 Product/ Service Profile1.5 Area of Operation1.6 Ownership pattern1.7 Competitors Information1.8 Infrastructural Facility1.9 Achievement/ Award1.10 Work Flow Model1.11 Future Growth and Prospectus | | CHAPTER 2 | Organizational Structure | | CHAPTER3 | PeoplePolicies, Systems and procedures Statement of problemObjectives of the studyScope of the studyMethodology and Limitation of the study | | CHAPTER4 | SWOT analysis | | CHAPTER5 | Findings and Suggestions | | | Conclusion | | | Learning Experience | | | Bibliography | | LIST OF TABLES SL. NO. | TITLE | TABLENO. | PAGE NO. | | PART- B | | | 1. | Table showing number of male and female candidate attending the interview | 1 | | 2. | Table showing preferred sources of recruitment process | 2 | | 3. | Table showing Interview rounds during recruitment process | 3 | | 4. | Table showing lengthy procedure in Recruitment and Selection process | 4 | | 5. | Table showing awareness of vacancy/interview in Allsec | 5 | | 6. | Table showing impact of internal hiring in employee motivation | 6 | | 7. | Table showing adopting innovative techniques in selection process | 7 |......

Words: 637 - Pages: 3