Questions from International Accounting


Q: What are the circumstances under which a subsidiary could, and perhaps

What are the circumstances under which a subsidiary could, and perhaps should, be excluded from consolidation?

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Q: In accordance with IFRS 8, how does a company determine which

In accordance with IFRS 8, how does a company determine which operating segments to report separately?

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Q: What are the major differences in the segment information required to be

What are the major differences in the segment information required to be reported in accordance with IFRS and in accordance with U.S. GAAP?

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Q: What types of entity-wide disclosures are required by IFRS 8

What types of entity-wide disclosures are required by IFRS 8?

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Q: What are the major differences in the calculation of income between the

What are the major differences in the calculation of income between the historical cost (HC) model and the general purchasing power (GPP) model of accounting?

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Q: What are the major differences in the calculation of income between the

What are the major differences in the calculation of income between the historical cost (HC) model and the current cost (CC) model of accounting?

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Q: Why is return on assets (net income/total assets)

Why is return on assets (net income/total assets) generally smaller under current cost accounting than under historical cost accounting?

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Q: In what ways do International Financial Reporting Standards (IFRS) address

In what ways do International Financial Reporting Standards (IFRS) address the issue of accounting for changing prices (inflation)?

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Q: How does a company determine whether sales or noncurrent assets located in

How does a company determine whether sales or noncurrent assets located in an individual foreign country are material?

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Q: Stratosphere Company acquires its only building on January 1, Year 1

Stratosphere Company acquires its only building on January 1, Year 1, at a cost of $4,000,000. The building has a 20-year life, zero residual value, and is depreciated on a straight-line basis. The co...

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