Test Bank for International Accounting 5th Edition by Timothy Doupnik

International Accounting, 5e (Doupnik)
Chapter 1 Introduction to International Accounting

1) Which of the following groups is a supranational organization?
A) International Accounting Standards Board
B) Organization for Economic Cooperation and Development
C) International Federation of Accountants
D) All of the above

Answer: D
Difficulty: 1 Easy
Topic: Global Accounting Standards
Learning Objective: 01-01 Discuss the nature and scope of international accounting.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation

2) Determination of net present value involves:
A) forecasting future profits and cash flows.
B) discounting future cash flows back to their present value.
C) analysis on an after-tax basis.
D) All of the above

Answer: D
Difficulty: 2 Medium
Topic: Foreign Direct Investment
Learning Objective: 01-01 Discuss the nature and scope of international accounting.
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation

3) In which of the following levels can international accounting be defined?
A) Supranational organizations
B) Company
C) Country
D) All of the above

Answer: D
Difficulty: 1 Easy
Topic: Global Accounting Standards
Learning Objective: 01-01 Discuss the nature and scope of international accounting.
Bloom's: Remember
AACSB: Knowledge Application
Accessibility: Keyboard Navigation




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