Test Bank for International Accounting, 6th Edition by Timothy Doupnik
1
, TABLE OF CONTENT
Chapter 1:Introduction to International Accounting
Chapter 2:Worldwide AccountingiiDiversity
Chapter 3: InternationalConvergence of Financial Reporting
Chapter 4:International Financial Reporting Standards: Part I
Chapter 5:International Financial Reporting Standards: Part II
Chapter 6:Foreign Currency Transactions and Hedging Foreign Exchange Risk
Chapter 7:Translation of Foreign Currency Financial Statements
Chapter 8:International Taxation
Chapter 9:International Transfer Pricing
Chapter 10:Management Accounting Issues in Multinational Corporations
Chapter 11:Auditing and Corporate Governance: An International Perspective
Chapter 12: International SustainabilityReporting
2
, Answers Included
Chapter 01 6e
1) Whichiiof the followingiigroups is a supranational organization?
A) International Accounting Standards Board
B) Organization for Economic Cooperation and Development
C) International Federation of Accountants
D) All of these answers are correct.
2) Determination of net present value involves:
A) forecasting future profits and cash flows.
B) discountingiifuture cash flows back to their present value.
C) analysis on aniiafter-tax basis.
D) All of these answers are correct.
3) In which of the following levels can international accounting be defined?
A) Supranational organizations
B) Company
C) Country
D) All of these answers are correct.
4) Whichiiof theiifollowing functional areas is included in the study of international accounting?
A) Financial accounting
B) Managerial
C) Taxation
D) All of these answers are correct.
3
, 5) The factor used to convert from one country's currency to another country's currency is called t
he:
A) interest rate.
B) cost of capital.
C) exchange rate.
D) strike price.
4
1
, TABLE OF CONTENT
Chapter 1:Introduction to International Accounting
Chapter 2:Worldwide AccountingiiDiversity
Chapter 3: InternationalConvergence of Financial Reporting
Chapter 4:International Financial Reporting Standards: Part I
Chapter 5:International Financial Reporting Standards: Part II
Chapter 6:Foreign Currency Transactions and Hedging Foreign Exchange Risk
Chapter 7:Translation of Foreign Currency Financial Statements
Chapter 8:International Taxation
Chapter 9:International Transfer Pricing
Chapter 10:Management Accounting Issues in Multinational Corporations
Chapter 11:Auditing and Corporate Governance: An International Perspective
Chapter 12: International SustainabilityReporting
2
, Answers Included
Chapter 01 6e
1) Whichiiof the followingiigroups is a supranational organization?
A) International Accounting Standards Board
B) Organization for Economic Cooperation and Development
C) International Federation of Accountants
D) All of these answers are correct.
2) Determination of net present value involves:
A) forecasting future profits and cash flows.
B) discountingiifuture cash flows back to their present value.
C) analysis on aniiafter-tax basis.
D) All of these answers are correct.
3) In which of the following levels can international accounting be defined?
A) Supranational organizations
B) Company
C) Country
D) All of these answers are correct.
4) Whichiiof theiifollowing functional areas is included in the study of international accounting?
A) Financial accounting
B) Managerial
C) Taxation
D) All of these answers are correct.
3
, 5) The factor used to convert from one country's currency to another country's currency is called t
he:
A) interest rate.
B) cost of capital.
C) exchange rate.
D) strike price.
4
