Question 1

Which of the following pair of countries has similar accounting systems?

Accepted Answer

A)  United States and Switzerland 
B)  Czech Republic and Poland 
C)  Brazil and Italy 
D)  Indonesia and Germany 
A)  United States and Switzerland 
B)  Czech Republic and Poland 
C)  Brazil and Italy 
D)  Indonesia and Germany B

Question 2

Which of the following accurately reflects Thai accounting?

Accepted Answer

A)  Only transportation companies are required to file or publish annual accounts. 
B)  The government has final approval on accounting regulations. 
C)  Independent accounting measurement approaches do not consider IAS standards. 
D)  It was the only Asian country which did not make any reforms after the Asian "flu". 
A)  Only transportation companies are required to file or publish annual accounts. 
B)  The government has final approval on accounting regulations. 
C)  Independent accounting measurement approaches do not consider IAS standards. 
D)  It was the only Asian country which did not make any reforms after the Asian "flu". B

Question 3

The Malaysian accounting system

Accepted Answer

A)  has similar tax and book accounts 
B)  aims to provide for the information needs of investors 
C)  is based on a macro-economic justification 
D)  takes a flexible approach 
A)  has similar tax and book accounts 
B)  aims to provide for the information needs of investors 
C)  is based on a macro-economic justification 
D)  takes a flexible approach B

Question 4

The Malaysian accounting system

Accepted Answer

A)  has rules developed by FASB 
B)  focuses more on tax accounting than investor information needs 
C)  has a strong British influence 
D)  is more conservative than the Japanese 
A)  has rules developed by FASB 
B)  focuses more on tax accounting than investor information needs 
C)  has a strong British influence 
D)  is more conservative than the Japanese

Question 5

Which of the following pair of countries has similar accounting systems?

Accepted Answer

A)  Czech Republic and Australia 
B)  China and Indonesia 
C)  India and Italy 
D)  United Kingdom and Thailand 
A)  Czech Republic and Australia 
B)  China and Indonesia 
C)  India and Italy 
D)  United Kingdom and Thailand

Question 6

Which of the following pair of countries has similar accounting system preferences?

Accepted Answer

A)  United States and Czech Republic 
B)  Japan and Poland 
C)  Sweden and United Kingdom 
D)  Brazil and Mexico 
A)  United States and Czech Republic 
B)  Japan and Poland 
C)  Sweden and United Kingdom 
D)  Brazil and Mexico

Question 7

India

Accepted Answer

A)  has a government controlled standards body 
B)  defers accounting standards to the IASC 
C)  has an independent Accounting Standards Board 
D)  has expressed a bias to secrecy 
A)  has a government controlled standards body 
B)  defers accounting standards to the IASC 
C)  has an independent Accounting Standards Board 
D)  has expressed a bias to secrecy

Question 8

Mexico's current standard setting

Accepted Answer

A)  ignores social accounting reporting. 
B)  was originally based upon the IFRS law system 
C)  follows tax law. 
D)  is influenced by US GAAP because of NAFTA. 
A)  ignores social accounting reporting. 
B)  was originally based upon the IFRS law system 
C)  follows tax law. 
D)  is influenced by US GAAP because of NAFTA.

Question 9

One of the cures for the "Asian flu" problem was to decrease transparency.

Accepted Answer

A) True 
 B)False

Question 10

Chinese government controls the accounting regulation and auditing.

Accepted Answer

A) True 
 B)False

Question 11

India's accounting system is of a British origin.

Accepted Answer

A) True 
 B)False

Question 12

Company law is of fundamental importance to Brazil's accounting system.

Accepted Answer

A) True 
 B)False

Question 13

Information disclosure is constrained in developing countries where:

Accepted Answer

A)  shareholders are the most important user group. 
B)  taxation rules influence amounts. 
C)  companies are financed mainly by banks, family members and government agencies. 
D)  the accounting profession is not well developed. 
A)  shareholders are the most important user group. 
B)  taxation rules influence amounts. 
C)  companies are financed mainly by banks, family members and government agencies. 
D)  the accounting profession is not well developed.

Question 14

In Russia, accounting regulations are generally created by?

Accepted Answer

A)  Private sector accountants. 
B)  Security Exchange (SET) 
C)  Ministry of Finance. 
D)  IASC. 
A)  Private sector accountants. 
B)  Security Exchange (SET) 
C)  Ministry of Finance. 
D)  IASC.

Question 15

The Indian accounting system has its origins in the

Accepted Answer

A)  Napoleanic code law 
B)  Germanic 
C)  British 
D)  American 
A)  Napoleanic code law 
B)  Germanic 
C)  British 
D)  American

Question 16

Which of the following accurately reflects Argentina's accounting?

Accepted Answer

A)  Accounting standards developed by a high degree of consensus. 
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 impact of inflation on accounting because the tax law dominates. 
A)  Accounting standards developed by a high degree of consensus. 
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 impact of inflation on accounting because the tax law dominates.

Question 17

Which of the following accurately reflects Chinese accounting?

Accepted Answer

A)  The accounting equation has replaced the communist fund accounting approach in the standard setting process. 
B)  There are no significant legal requirements due to the adherence to a flexible approach to accounting. 
C)  The only purpose of accounting is national macroeconomic control. 
D)  Due to previous state control, there is an abundance of accountants. 
A)  The accounting equation has replaced the communist fund accounting approach in the standard setting process. 
B)  There are no significant legal requirements due to the adherence to a flexible approach to accounting. 
C)  The only purpose of accounting is national macroeconomic control. 
D)  Due to previous state control, there is an abundance of accountants.

Question 18

Poland made a transition to a market-oriented economy using a shock therapy treatment.

Accepted Answer

A) True 
 B)False

Question 19

Poland has not adopted the "true and fair view" accounting principle.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following accurately reflects Chinese accounting?

Accepted Answer

A)  There is a strong Soviet-style accounting influence. 
B)  The accounting system has been changed to conform with U.S. principles. 
C)  A more micro-oriented decision-making approach is being encouraged. 
D)  The Japanese system of accounting has been adopted. 
A)  There is a strong Soviet-style accounting influence. 
B)  The accounting system has been changed to conform with U.S. principles. 
C)  A more micro-oriented decision-making approach is being encouraged. 
D)  The Japanese system of accounting has been adopted.

Which of the following pair of countries has similar accounting systems?

Which of the following accurately reflects Thai accounting?

The Malaysian accounting system

The Malaysian accounting system

Which of the following pair of countries has similar accounting systems?

Which of the following pair of countries has similar accounting system preferences?

India

Mexico's current standard setting

One of the cures for the "Asian flu" problem was to decrease transparency.

Chinese government controls the accounting regulation and auditing.

India's accounting system is of a British origin.

Company law is of fundamental importance to Brazil's accounting system.

Information disclosure is constrained in developing countries where:

In Russia, accounting regulations are generally created by?

The Indian accounting system has its origins in the

Which of the following accurately reflects Argentina's accounting?

Which of the following accurately reflects Chinese accounting?

Poland made a transition to a market-oriented economy using a shock therapy treatment.

Poland has not adopted the "true and fair view" accounting principle.

Which of the following accurately reflects Chinese accounting?

International Accounting and International Business

International Accounting Patterns, Culture and Development

Comparative International Financial Accounting I

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

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Exam 4: Comparative International Financial Accounting II

Which of the following pair of countries has similar accounting systems?

Which of the following accurately reflects Thai accounting?

The Malaysian accounting system

The Malaysian accounting system

Which of the following pair of countries has similar accounting systems?

Which of the following pair of countries has similar accounting system preferences?

India

Mexico's current standard setting

One of the cures for the "Asian flu" problem was to decrease transparency.

Chinese government controls the accounting regulation and auditing.

India's accounting system is of a British origin.

Company law is of fundamental importance to Brazil's accounting system.

Information disclosure is constrained in developing countries where:

In Russia, accounting regulations are generally created by?

The Indian accounting system has its origins in the

Which of the following accurately reflects Argentina's accounting?

Which of the following accurately reflects Chinese accounting?

Poland made a transition to a market-oriented economy using a shock therapy treatment.

Poland has not adopted the "true and fair view" accounting principle.

Which of the following accurately reflects Chinese accounting?

International Accounting and International Business

International Accounting Patterns, Culture and Development

Comparative International Financial Accounting I

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