Question 1

The stock market is a dominant influence on earnings in

Accepted Answer

A)  the UK and US 
B)  Japan 
C)  continental europe 
D)  countries with extensive infrastructure 
A)  the UK and US 
B)  Japan 
C)  continental europe 
D)  countries with extensive infrastructure

Question 2

Measurement of accounting income is strongly influenced by tax rules in France and Switzerland.

Accepted Answer

A) True 
 B)False

Question 3

For purposes of financial analysis it is important to assess the differential impact of accounting principles on

Accepted Answer

A)  return on equity 
B)  professionalism 
C)  individualism 
D)  power distance 
A)  return on equity 
B)  professionalism 
C)  individualism 
D)  power distance

Question 4

In attempting to value a foreign corporation, there is a tendency

Accepted Answer

A)  not to restate the financial statements 
B)  to use the London exchange market values 
C)  to be conservative 
D)  to look at earnings from a home country perspective 
A)  not to restate the financial statements 
B)  to use the London exchange market values 
C)  to be conservative 
D)  to look at earnings from a home country perspective

Question 5

In similar economic environments or situations

Accepted Answer

A)  accounting diversity is logical 
B)  accounting diversity is illogical and leads to noncomparable results 
C)  results may or may not be comparable 
D)  accounting treatment does not matter 
A)  accounting diversity is logical 
B)  accounting diversity is illogical and leads to noncomparable results 
C)  results may or may not be comparable 
D)  accounting treatment does not matter

Question 6

Sweden companies have a tendency to be more conservative than the United States.

Accepted Answer

A) True 
 B)False

Question 7

An earnings adjustment index based on US GAAP showing the comparative impact of international accounting differences on earnings

Accepted Answer

A)  has Germany at the top 
B)  has Japan on the bottom 
C)  has the U.S. at the top 
D)  has the U.K. at the bottom 
A)  has Germany at the top 
B)  has Japan on the bottom 
C)  has the U.S. at the top 
D)  has the U.K. at the bottom

Question 8

The IASC was founded by

Accepted Answer

A)  the UN 
B)  the OECD 
C)  the AICPA 
D)  professional national accounting organizations 
A)  the UN 
B)  the OECD 
C)  the AICPA 
D)  professional national accounting organizations

Question 9

Form 20-F is used for income tax calculations.

Accepted Answer

A) True 
 B)False

Question 10

Income statement information is more informative in

Accepted Answer

A)  Britain. 
B)  Japan. 
C)  the United States 
D)  Germany 
A)  Britain. 
B)  Japan. 
C)  the United States 
D)  Germany

Question 11

The most popular exchange to be listed on is:

Accepted Answer

A)  Nasdaq 
B)  New York 
C)  Euronext 
D)  London 
A)  Nasdaq 
B)  New York 
C)  Euronext 
D)  London

Question 12

Given what you know about the differences in conservatism between the U.S. and U.K., which of the following statements is most accurate?

Accepted Answer

A)  return on equity and the debt/equity ratio would usually be lower under U.K. GAAP than it would be under U.S. GAAP. 
B)  return on equity would usually be higher and the debt/equity ratio lower under U.K. GAAP than under U.S. GAAP. 
C)  return on equity would usually be lower and the debt/equity ratio higher under U.K. GAAP than under U.S. GAAP. 
D)  return on equity and the debt/equity ratio would usually be higher under U.K. GAAP than under U.S. GAAP. 
A)  return on equity and the debt/equity ratio would usually be lower under U.K. GAAP than it would be under U.S. GAAP. 
B)  return on equity would usually be higher and the debt/equity ratio lower under U.K. GAAP than under U.S. GAAP. 
C)  return on equity would usually be lower and the debt/equity ratio higher under U.K. GAAP than under U.S. GAAP. 
D)  return on equity and the debt/equity ratio would usually be higher under U.K. GAAP than under U.S. GAAP.

Question 13

A key international financial analysis question is the extent of the impact of accounting differences on earnings assessments.

Accepted Answer

A) True 
 B)False

Question 14

Assume that translated U.K. earnings are $100 and U.S. earnings are $120. The index of conservatism is

Accepted Answer

A)  .800 (U.S. is more conservative) 
B)  .800 (British is more conservative) 
C)  1.200 (U.S. is more conservative) 
D)  1.200 (British is more conservative) 
A)  .800 (U.S. is more conservative) 
B)  .800 (British is more conservative) 
C)  1.200 (U.S. is more conservative) 
D)  1.200 (British is more conservative)

Question 15

In ranking countries in terms of conservatism,

Accepted Answer

A)  Japanese firms tend to be less conservative than U.S. firms. 
B)  continental European firms tend to be more conservative than British but less conservative than U.S. firms. 
C)  the Anglo-Saxon countries are less conservative and Germanic countries more conservative in terms of earnings. 
D)  there has been no research on the conservatism of earnings of countries other than the U.S. and U.K. 
A)  Japanese firms tend to be less conservative than U.S. firms. 
B)  continental European firms tend to be more conservative than British but less conservative than U.S. firms. 
C)  the Anglo-Saxon countries are less conservative and Germanic countries more conservative in terms of earnings. 
D)  there has been no research on the conservatism of earnings of countries other than the U.S. and U.K.

The stock market is a dominant influence on earnings in

Measurement of accounting income is strongly influenced by tax rules in France and Switzerland.

For purposes of financial analysis it is important to assess the differential impact of accounting principles on

In attempting to value a foreign corporation, there is a tendency

In similar economic environments or situations

Sweden companies have a tendency to be more conservative than the United States.

An earnings adjustment index based on US GAAP showing the comparative impact of international accounting differences on earnings

The IASC was founded by

Form 20-F is used for income tax calculations.

Income statement information is more informative in

The most popular exchange to be listed on is:

Given what you know about the differences in conservatism between the U.S. and U.K., which of the following statements is most accurate?

A key international financial analysis question is the extent of the impact of accounting differences on earnings assessments.

Assume that translated U.K. earnings are $100 and U.S. earnings are $120. The index of conservatism is

In ranking countries in terms of conservatism,

International Accounting and International Business

International Accounting Patterns, Culture and Development

Comparative International Financial Accounting I

Comparative International Financial Accounting II

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 5: International Financial Statement Analysis

The stock market is a dominant influence on earnings in

Measurement of accounting income is strongly influenced by tax rules in France and Switzerland.

For purposes of financial analysis it is important to assess the differential impact of accounting principles on

In attempting to value a foreign corporation, there is a tendency

In similar economic environments or situations

Sweden companies have a tendency to be more conservative than the United States.

An earnings adjustment index based on US GAAP showing the comparative impact of international accounting differences on earnings

The IASC was founded by

Form 20-F is used for income tax calculations.

Income statement information is more informative in

The most popular exchange to be listed on is:

Given what you know about the differences in conservatism between the U.S. and U.K., which of the following statements is most accurate?

A key international financial analysis question is the extent of the impact of accounting differences on earnings assessments.

Assume that translated U.K. earnings are $100 and U.S. earnings are $120. The index of conservatism is

In ranking countries in terms of conservatism,

International Accounting and International Business

International Accounting Patterns, Culture and Development

Comparative International Financial Accounting I

Comparative International Financial Accounting II

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