Question 1

Which of the following accurately reflects Japanese accounting?

Accepted Answer

A)  Accounting standards tend to be more detailed in the law than is the case in Germany and France. 
B)  A true and fair view concept is not acceptable due to the strength of the law. 
C)  There is a tendency to follow a business economics approach to valuation. 
D)  Tax law is a major influence as corporate tax returns must be base on the annual accounts approved by shareholders. 
A)  Accounting standards tend to be more detailed in the law than is the case in Germany and France. 
B)  A true and fair view concept is not acceptable due to the strength of the law. 
C)  There is a tendency to follow a business economics approach to valuation. 
D)  Tax law is a major influence as corporate tax returns must be base on the annual accounts approved by shareholders. D

Question 2

The Netherlands is famous for its business economics approach to accounting.

Accepted Answer

A) True 
 B)False  True

Question 3

The reliability of information to business decisions is paramount subject constraint of reliability in the United States.

Accepted Answer

A) True 
 B)False  False

Question 4

Which of the following accurately reflects French accounting?

Accepted Answer

A)  The French have adopted more of an Anglo-Saxon approach to accounting. 
B)  A business economics approach to accounting in France has resulted in widespread use of current value accounting. 
C)  The effect of tax law is minimal, because tax and book accounting are not allowed to be the same. 
D)  The legal tradition in France has had a strong impact on accounting standards and practices. 
A)  The French have adopted more of an Anglo-Saxon approach to accounting. 
B)  A business economics approach to accounting in France has resulted in widespread use of current value accounting. 
C)  The effect of tax law is minimal, because tax and book accounting are not allowed to be the same. 
D)  The legal tradition in France has had a strong impact on accounting standards and practices.

Question 5

Which of the following accurately reflects German accounting?

Accepted Answer

A)  There is fairly significant professional influence. 
B)  The focus is on creditors. 
C)  Legal requirements are fairly lax in comparison with the Swiss. 
D)  The true and fair view has been adopted as the primary factor to consider in accounting measurement. 
A)  There is fairly significant professional influence. 
B)  The focus is on creditors. 
C)  Legal requirements are fairly lax in comparison with the Swiss. 
D)  The true and fair view has been adopted as the primary factor to consider in accounting measurement.

Question 6

Japanese prepare an additional set financial statements in English.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following accurately reflects Swiss accounting?

Accepted Answer

A)  Only railways are required to file or publish annual accounts. 
B)  Legal requirements are fairly extensive in comparison with the Germans. 
C)  The true and fair view has been adopted as the primary factor to consider in accounting measurement. 
D)  Swiss accounting is among the most conservative in Europe. 
A)  Only railways are required to file or publish annual accounts. 
B)  Legal requirements are fairly extensive in comparison with the Germans. 
C)  The true and fair view has been adopted as the primary factor to consider in accounting measurement. 
D)  Swiss accounting is among the most conservative in Europe.

Question 8

Which of the following accurately reflects French accounting?

Accepted Answer

A)  Due to their strong Latin cultural tradition, the French tend to be more judgmental than legalistic. 
B)  According to the authority and enforcement scales in Gray's model, the French would lean to flexibility and professionalism. 
C)  According to the measurement and disclosure scales in Gray's model, the French would lean to secrecy and conservatism. 
D)  The true and fair view of the 4th Directive was already a part of French tradition. 
A)  Due to their strong Latin cultural tradition, the French tend to be more judgmental than legalistic. 
B)  According to the authority and enforcement scales in Gray's model, the French would lean to flexibility and professionalism. 
C)  According to the measurement and disclosure scales in Gray's model, the French would lean to secrecy and conservatism. 
D)  The true and fair view of the 4th Directive was already a part of French tradition.

Question 9

Which of the following accurately reflects Swedish accounting?

Accepted Answer

A)  There is a tradition of involvement of the accounting profession in the standard setting process. 
B)  There are no significant legal requirements due to the adherence to a flexible approach to accounting. 
C)  Due to the heavy social welfare influence in Sweden, taxes are collected aggressively and tax breaks are not allowed. 
D)  There is little tax and legal influence. 
A)  There is a tradition of involvement of the accounting profession in the standard setting process. 
B)  There are no significant legal requirements due to the adherence to a flexible approach to accounting. 
C)  Due to the heavy social welfare influence in Sweden, taxes are collected aggressively and tax breaks are not allowed. 
D)  There is little tax and legal influence.

Question 10

The British accounting system

Accepted Answer

A)  is based on a macro-economic justification 
B)  takes a flexible approach 
C)  has similar tax and book accounts 
D)  lets security market needs dictate accounting policy 
A)  is based on a macro-economic justification 
B)  takes a flexible approach 
C)  has similar tax and book accounts 
D)  lets security market needs dictate accounting policy

Question 11

Which of the following accurately reflects Swedish accounting?

Accepted Answer

A)  It has a rather conservative approach to income measurement. 
B)  There are no significant legal requirements due to the adherence to a flexible approach to accounting. 
C)  Due to the heavy social welfare influence in Sweden, taxes are collected aggressively to address microeconomic issues. 
D)  There is little company law influence. 
A)  It has a rather conservative approach to income measurement. 
B)  There are no significant legal requirements due to the adherence to a flexible approach to accounting. 
C)  Due to the heavy social welfare influence in Sweden, taxes are collected aggressively to address microeconomic issues. 
D)  There is little company law influence.

Question 12

Which of the following accurately reflects Swiss accounting?

Accepted Answer

A)  There is fairly significant professional influence. 
B)  Legal requirements are fairly extensive in comparison with the Germans. 
C)  The true and fair view has been adopted as the primary factor to consider in accounting measurement. 
D)  The focus is on creditors. 
A)  There is fairly significant professional influence. 
B)  Legal requirements are fairly extensive in comparison with the Germans. 
C)  The true and fair view has been adopted as the primary factor to consider in accounting measurement. 
D)  The focus is on creditors.

Question 13

Which of the following based their accounting system on code law?

Accepted Answer

A)  United Kingdom 
B)  France 
C)  Japan 
D)  Sweden 
A)  United Kingdom 
B)  France 
C)  Japan 
D)  Sweden

Question 14

The basis for French accounting has had a underlying objective of more effective national economic planning.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following accurately reflects Japanese accounting?

Accepted Answer

A) . There are no significant legal requirements due to the adherence to a flexible approach to accounting. 
B)  Accounting standards are set by a government body. 
C)  According to the measurement and disclosure scales in Gray's model, the Japanese would lean to secrecy 
D)  Secret reserves are an accounting issue 
A) . There are no significant legal requirements due to the adherence to a flexible approach to accounting. 
B)  Accounting standards are set by a government body. 
C)  According to the measurement and disclosure scales in Gray's model, the Japanese would lean to secrecy 
D)  Secret reserves are an accounting issue

Question 16

Which of the following accurately reflects Japanese accounting?

Accepted Answer

A)  On the authority and enforcement measures, the Japanese are professional and flexible. 
B)  The Japanese lean to statutory control and professionalism. 
C)  The Japanese have been heavily influenced by the Germans but not the Americans. 
D)  The Ministry of Justice enforces the Companies Act and the Ministry of Finance enforces the Securities and Exchange Act. 
A)  On the authority and enforcement measures, the Japanese are professional and flexible. 
B)  The Japanese lean to statutory control and professionalism. 
C)  The Japanese have been heavily influenced by the Germans but not the Americans. 
D)  The Ministry of Justice enforces the Companies Act and the Ministry of Finance enforces the Securities and Exchange Act.

Question 17

If interested parties believe a company reporting is not complying with the Netherlands law, they complain to

Accepted Answer

A)  NIVRA 
B)  the World Court 
C)  the European Union 
D)  the Enterprise Chamber of the Court of Justice 
A)  NIVRA 
B)  the World Court 
C)  the European Union 
D)  the Enterprise Chamber of the Court of Justice

Question 18

Which of the following accurately reflects German accounting?

Accepted Answer

A)  There is a tradition of involvement of the accounting profession in the standard setting process. 
B)  There are no significant legal requirements due to the adherence to a flexible approach to accounting. 
C)  Due to the heavy social welfare influence in Sweden, taxes are collected aggressively and tax breaks are not allowed. 
D)  Tax rules tend to dominate decisions on accounting issues. 
A)  There is a tradition of involvement of the accounting profession in the standard setting process. 
B)  There are no significant legal requirements due to the adherence to a flexible approach to accounting. 
C)  Due to the heavy social welfare influence in Sweden, taxes are collected aggressively and tax breaks are not allowed. 
D)  Tax rules tend to dominate decisions on accounting issues.

Question 19

Which of the following accurately reflects Dutch accounting?

Accepted Answer

A)  Accounting standards tend to be more detailed in the law than is the case in Germany and France. 
B)  A true and fair view concept is not acceptable due to the strength of the law. 
C)  There is a tendency to follow a business economics approach to valuation. 
D)  There is little social reporting for employees since tax law dominates. 
A)  Accounting standards tend to be more detailed in the law than is the case in Germany and France. 
B)  A true and fair view concept is not acceptable due to the strength of the law. 
C)  There is a tendency to follow a business economics approach to valuation. 
D)  There is little social reporting for employees since tax law dominates.

Question 20

To which country can the origins of double-entry bookkeeping be traced?

Accepted Answer

A)  Greece 
B)  Netherlands 
C)  United Kingdom 
D)  Italy 
A)  Greece 
B)  Netherlands 
C)  United Kingdom 
D)  Italy

Which of the following accurately reflects Japanese accounting?

The Netherlands is famous for its business economics approach to accounting.

The reliability of information to business decisions is paramount subject constraint of reliability in the United States.

Which of the following accurately reflects French accounting?

Which of the following accurately reflects German accounting?

Japanese prepare an additional set financial statements in English.

Which of the following accurately reflects Swiss accounting?

Which of the following accurately reflects French accounting?

Which of the following accurately reflects Swedish accounting?

The British accounting system

Which of the following accurately reflects Swedish accounting?

Which of the following accurately reflects Swiss accounting?

Which of the following based their accounting system on code law?

The basis for French accounting has had a underlying objective of more effective national economic planning.

Which of the following accurately reflects Japanese accounting?

Which of the following accurately reflects Japanese accounting?

If interested parties believe a company reporting is not complying with the Netherlands law, they complain to

Which of the following accurately reflects German accounting?

Which of the following accurately reflects Dutch accounting?

To which country can the origins of double-entry bookkeeping be traced?

International Accounting and International Business

International Accounting Patterns, Culture and Development

Comparative International Financial Accounting II

International Financial Statement Analysis

International Transparency and Disclosure

International Accounting Standards and Global Convergence

International Business Combinations, Goodwill and Intangibles

International Segment Reporting

Foreign Currency Transactions and Translation

International Accounting for Price Changes

Corporate Governance and Control of Global Operations

Foreign Exchange Risk Management

International Budgeting and Performance Evaluation

International Auditing Issues

International Taxation Issues

Filters

Exam 3: Comparative International Financial Accounting I

Which of the following accurately reflects Japanese accounting?

The Netherlands is famous for its business economics approach to accounting.

The reliability of information to business decisions is paramount subject constraint of reliability in the United States.

Which of the following accurately reflects French accounting?

Which of the following accurately reflects German accounting?

Japanese prepare an additional set financial statements in English.

Which of the following accurately reflects Swiss accounting?

Which of the following accurately reflects French accounting?

Which of the following accurately reflects Swedish accounting?

The British accounting system

Which of the following accurately reflects Swedish accounting?

Which of the following accurately reflects Swiss accounting?

Which of the following based their accounting system on code law?

The basis for French accounting has had a underlying objective of more effective national economic planning.

Which of the following accurately reflects Japanese accounting?

Which of the following accurately reflects Japanese accounting?

If interested parties believe a company reporting is not complying with the Netherlands law, they complain to

Which of the following accurately reflects German accounting?

Which of the following accurately reflects Dutch accounting?

To which country can the origins of double-entry bookkeeping be traced?

International Accounting and International Business

International Accounting Patterns, Culture and Development

Comparative International Financial Accounting II

International Financial Statement Analysis

International Transparency and Disclosure

International Accounting Standards and Global Convergence

International Business Combinations, Goodwill and Intangibles

International Segment Reporting

Foreign Currency Transactions and Translation

International Accounting for Price Changes

Corporate Governance and Control of Global Operations

Foreign Exchange Risk Management

International Budgeting and Performance Evaluation

International Auditing Issues

International Taxation Issues

Filters