Questions from International Accounting

Q: Why are leased assets accounted for differently in individual company financial statements

Why are leased assets accounted for differently in individual company financial statements in the United Kingdom and France?

Q: Explain how international differences in the ownership and financing of companies could

Explain how international differences in the ownership and financing of companies could lead to differences in financial reporting.

Q: The formats in the appendices to this chapter, relating to three

The formats in the appendices to this chapter, relating to three EU countries, all comply with the EU Fourth Directive. Comment on the differences between them.

Q: ‘German accounting rules for individual companies are ideal for domestic companies

‘German accounting rules for individual companies are ideal for domestic companies with no international connections.’ Discuss.

Q: Using the numerical reconciliation shown in this chapter and the information in

Using the numerical reconciliation shown in this chapter and the information in Chapter 2, comment on the adjustments necessary when moving from German accounting to US or IFRS accounting.

Q: Compare the influence of tax law on financial reporting in the United

Compare the influence of tax law on financial reporting in the United Kingdom with its influence in Germany.

Q: Discuss the view that the individual company financial statements in Germany are

Discuss the view that the individual company financial statements in Germany are useful only for tax purposes.

Q: Does accounting translation exposure matter? Explain your reasoning.

Does accounting translation exposure matter? Explain your reasoning.

Q: Discuss how different attitudes to prudence can affect foreign currency translation policies

Discuss how different attitudes to prudence can affect foreign currency translation policies.

Q: Are gains on unsettled foreign currency balances realized? When should they

Are gains on unsettled foreign currency balances realized? When should they be recognized as income?