Worldwide Accounting Diversity Multiple Choice Questions 1. What is the equivalent of U.S. balance sheet common stock on the balance sheet of a British company? A) Capital redemption reserve B) Share premium account C) Own shares held D) Called-up share capital Answer: D Level: Medium LO: 1 2. Which of the following is not a problem caused by accounting diversity? A) Lack of qualified international auditors
Premium Financial statements Balance sheet International Financial Reporting Standards
“Princess” in Malaysia. Pensonic also established a mass production hub and international distribution network of electrical home mechanism and an international distribution network. The trademark “Pensonic” is registered in Malaysia and is targeted for eventual registration in over 20 countries. As an extension to the company’s structure‚ Pensonic has two subsidiary companies that respectively own “Cornell”‚ a brand from the USA and obtained the sole-distributorship in Malaysia for internationally
Premium Balance sheet Accounts receivable Inventory
Introduction to Accounting Accounting is a profession used to make financial and business decisions. Billions of dollars exchange hands every day‚ in millions of separate business transactions. These are recorded and reported on using a comprehensive set of guidelines‚ referred to as Generally Accepted Accounting Principles (GAAP). Brief History of Accounting Accounting was born before writing or numbers existed‚ some 10‚000 years ago‚ in the area known as Mesopotamia‚ later Persia‚ and today the
Free Accountancy Accountant Leonardo da Vinci
Democratic Party v Republican Party There are two major political parties in America right now; the Democrats and the Republicans. Everyone knows that the Democrats are more liberal and the Republicans are more conservative but might not know what each party really stands for and how they are similar and different. According to the Democratic National Committee‚ the Democratic Party was “founded on conviction that wealth and privilege shouldn’t be an entitlement to rule and the belief that values
Premium Democratic Party Barack Obama Health care
changes in political situations and public opinions‚ leading to the inception and termination of various political parties. These parties came and went‚ but at any single moment in time‚ America’s government was controlled by one party‚ with a second vying for power. One such party was born out of the controversy over the adoption of the proposed Federal Constitution - the Federalist Party. It dominated congress and‚ therefore‚ America for approximately twenty-five years until it disintegrated and its
Premium John Quincy Adams Henry Clay Democratic-Republican Party
essays receiving significantly lower marks than those with a specific anthropological focus. Despite warnings in the Extended essay guide itself‚ and past warning from Chief examiners‚ it remains clear that many schools continue to permit candidates not enrolled in Social and Cultural Anthropology to write essays in the subject. Further‚ from comments registered by their supervisors‚ it is often apparent that the latter are not always realistically evaluating their candidates’ work. The most successful
Premium Anthropology
Additional Question 1. Related party transactions (a) - May be conducted with the related parties & treated like normal transactions - May contain special terms that are not disclosed that inflate revenue & assets - Used in round –tripping revenue recognition where one item such as a piece of land has been sold to related parties‚ the back to the entity‚ & then back to the related party (b) FR (c) Contracts should be examined to indicate the existence/terms of related party dealings & ensure proper
Premium Auditing Audit Internal control
The Green Party has nominated Former Georgia Congresswoman Cynthia McKinney is also ran as a candidate for President of the Untied States. The inclusion of a viable third party in our political process has always interested me and the Green Party has appeal that may allow it to establish self on the political scene First I will the policies of the Green Party then delve into the prospects of Ms. McKinney’s of becoming the next President. The Green Party is one of many lesser party trying to establish
Premium United States Democratic Party President of the United States
trade that are discussed in terms of gains from trade. Following World Trade Report (WTR) (2008) categorisation‚ there are gains from trade which result from trade in accordance to traditional theories of trade‚ such as Ricardian model and Heckscher-Ohlin (H-O) model‚ from trade according to “new” trade theories‚ which focus on economies of scales and imperfect competition‚ as well as from trade in accordance to “new-new” trade theories‚ which explores the gains from productivity. In addition‚ WTR (2008)
Premium International trade Economics Comparative advantage
Accounting Homework Individual Chapter 7 Question 1&2 1. (a) What are generally accepted accounting principles (GAAP)? In the U.S.‚ generally accepted accounting principles‚ commonly abbreviated as US GAAP or simply GAAP‚ are accounting rules used to prepare‚ present‚ and report financial statements for a wide variety of entities‚ including publicly-traded and privately-held companies‚ non-profit organizations. (b)What bodies provide authoritative support for GAAP
Premium Generally Accepted Accounting Principles Balance sheet Asset