TEST BANK FOR INTERNATIONAL
ACCOUNTING, 6TH EDITION BY TIMOTHY
DOUPNIK
1
,TABLE OF CONTENT
CHAPTER 1:INTRODUCTION TO INTERNATIONAL ACCOUNTING
CHAPTER 2:WORLDWIDE ACCOUNTING DIVERSITY
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
2
,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
Chapter 01 6e
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 These Answers Are Correct.
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 These Answers Are Correct.
3) In Which Of The Following Levels Can International Accounting Be Defined?
A) Supranational Organizations
B) Company
3
, C) Country
D) All Of These Answers Are Correct.
4) Which Of The Following Functional Areas Is Included In The Study Of International
Accounting?
A) Financial Accounting
B) Managerial
C) Taxation
D) All Of These Answers Are Correct.
5) The Factor Used To Convert From One Country's Currency To Another Country's
Currency Is Called The:
A) Interest Rate.
B) Cost Of Capital.
C) Exchange Rate.
D) Strike Price.
6) What Is The Term Used To Describe The Possibility That A Foreign Currency Will
Decrease In U.S. Dollar Value Over The Life Of An Asset Such As Accounts
Receivable?
A) Foreign Exchange Translation
B) Foreign Exchange Risk
C) Hedging
D) Foreign Currency Options
7) Foreign Exchange Risk Arises When:
A) Business Transactions Are Denominated In Foreign Currencies.
B) Sales Are Made To Customers In A Domestic Country.
C) Goods Or Services Purchased From Suppliers In A Foreign Country Are
Denominated In Domestic Currency.
D) Auditing Reports Are Prepared In A Foreign Currency.
8) In International Accounting, A "Hedge" Is:
4
ACCOUNTING, 6TH EDITION BY TIMOTHY
DOUPNIK
1
,TABLE OF CONTENT
CHAPTER 1:INTRODUCTION TO INTERNATIONAL ACCOUNTING
CHAPTER 2:WORLDWIDE ACCOUNTING DIVERSITY
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
2
,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
Chapter 01 6e
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 These Answers Are Correct.
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 These Answers Are Correct.
3) In Which Of The Following Levels Can International Accounting Be Defined?
A) Supranational Organizations
B) Company
3
, C) Country
D) All Of These Answers Are Correct.
4) Which Of The Following Functional Areas Is Included In The Study Of International
Accounting?
A) Financial Accounting
B) Managerial
C) Taxation
D) All Of These Answers Are Correct.
5) The Factor Used To Convert From One Country's Currency To Another Country's
Currency Is Called The:
A) Interest Rate.
B) Cost Of Capital.
C) Exchange Rate.
D) Strike Price.
6) What Is The Term Used To Describe The Possibility That A Foreign Currency Will
Decrease In U.S. Dollar Value Over The Life Of An Asset Such As Accounts
Receivable?
A) Foreign Exchange Translation
B) Foreign Exchange Risk
C) Hedging
D) Foreign Currency Options
7) Foreign Exchange Risk Arises When:
A) Business Transactions Are Denominated In Foreign Currencies.
B) Sales Are Made To Customers In A Domestic Country.
C) Goods Or Services Purchased From Suppliers In A Foreign Country Are
Denominated In Domestic Currency.
D) Auditing Reports Are Prepared In A Foreign Currency.
8) In International Accounting, A "Hedge" Is:
4
