Questions from International Accounting

Q: Under what circumstances should next year’s wages and next year’s repair expenses

Under what circumstances should next year’s wages and next year’s repair expenses be charged as expenses this year?

Q: Are intangible assets recognized sufficiently under IFRS and US rules?

Are intangible assets recognized sufficiently under IFRS and US rules?

Q: Explain how assets are measured under IFRS. How could this be

Explain how assets are measured under IFRS. How could this be improved?

Q: Explain the alternative uses of the equity method and how these differ

Explain the alternative uses of the equity method and how these differ as between US GAAP and IFRS.

Q: Outline all the ways that one could in principle include a joint

Outline all the ways that one could in principle include a joint venture in a venturer’s financial statements. Which is the best?

Q: Explain how the scope of things included in consolidated statements has gradually

Explain how the scope of things included in consolidated statements has gradually grown over time under IFRS and US GAAP.

Q: Compare, as between US GAAP and IFRS, the consolidation of

Compare, as between US GAAP and IFRS, the consolidation of subsidiaries and the calculation and treatment of goodwill on consolidation.

Q: Which countries historically have been the home countries of MNEs? Are

Which countries historically have been the home countries of MNEs? Are they the same countries from which international accounting firms have originated?

Q: If it is found that large differences in IFRS practice exist systematically

If it is found that large differences in IFRS practice exist systematically between countries, what implications does this have?

Q: If a translation of IFRS exists in a language with which you

If a translation of IFRS exists in a language with which you are familiar, assess the quality of the translation.