Financial Accounting, Asia
Global Edition, 2e Jan
Williams Susan Haka Bettner
Carcello Lam Lau (Solutions
Manual All Chapters, 100%
Original Verified, A+ Grade)
All Chapters Solutions
Manual Supplement files
download link at the end of
this file.
All Chapters Are Reversed From 15-1
Part 1: CH 15-1: Page 2-1020
Part 2: Problem 1-4: Page 1021-1062
, Part 1
CHAPTER 15
GLOBAL BUSINESS AND ACCOUNTING
OVERVIEW OF BRIEF EXERCISES, EXERCISES, PROBLEMS, AND CRITICAL
THINKING CASES
Brief Learning
Exercises Topic Objectives Skills
B. Ex. 15.1 Foreign currency translations 4 Analysis
B. Ex. 15.2 Purchases in a foreign currency 4, 5 Analysis, communication
B. Ex. 15.3 Currency strength 4 Analysis
B. Ex. 15.4 Exchange rate fluctuations 5 Analysis, communication
B. Ex. 15.5 Currency choice 5,6 Analysis, communication
B. Ex. 15.6 Currency strength and gains and losses 4 Analysis, communication
B. Ex. 15.7 Culture effects on business 2 Analysis, judgment
B. Ex. 15.8 Currency fluctuation effects 5, 6 Analysis
B. Ex. 15.9 Exchange rate computation 4 Analysis
Learning
Exercises Topic Objectives Skills
15.1 Global business terminology 1–8 Analysis
15.2 External financial reports and globalization 1, 2 Analysis, research,
technology
15.3 Understanding exchange rate conversion 4 Analysis
15.4 Locating international business 2, 7, 8 Analysis, research,
information judgment
15.5 Real World: Airbus, Nikon, Toyota 2, 5 Analysis, communication
Currency fluctuations: who wins and who
loses?
15.6 Foreign currency transaction 4, 5 Analysis
15.7 Harmonization around the world 3 Analysis, research,
technology
15.8 Real World: adidas AG’s International 1, 2 Analysis, judgment
expansion
15.9 Matching foreign exchange gains and 5 Analysis
losses
15.10 Real World: Global sourcing costs for 4, 7 Analysis
Mattel, Inc.
© The McGraw-Hill Companies, Inc., 2010
CH15-Overview
, Learning
Exercises Topic Objectives Skills
15.11 Financial statement harmonization 2, 3 Analysis
15.12 Real World: Honda Motor Company 3 Analysis, judgment
Use of U.S. GAAP or IFRS
15.13 Comparing environmental factors 2 Analysis, research,
judgment
Problems
Sets A, B Topic Skills
15.1 A,B Exchange rates and export decisions 4, 5, 7 Analysis
15.2 A,B Journalizing exchange rate gains and 1, 4–6 Analysis, communication
losses
15.3 A,B Exchange rates and income effects 4–7 Analysis, communication
15.4 A,B Exchange rates and production decisions 4, 7 Analysis
15.5 A,B Understanding trade agreements 2, 7 Analysis, research,
technology
15.6 A,B Comprehensive problem journalizing 4–6 Analysis
exchange rate effects
15.7 A,B FCPA violations 8 Analysis, judgment
15.8 A Real World: adidas AG’s globalization 1, 2, 6, 7 Analysis, judgment,
research
Critical Thinking Cases
15.1 Globalization decisions are complex 1, 2 Analysis, judgment
Analysis, communication,
15.2 Disclosure requirements 2, 3, 5 judgment
15.3 International demand for corporate 2, 3 Analysis, research,
governance communication
(Ethics, fraud and corporate governance)
© The McGraw-Hill Companies, Inc., 2010
CH15-Overview (p.2)
, DESCRIPTIONS OF PROBLEMS AND CRITICAL THINKING CASES
Below are brief descriptions of each problem and case. These descriptions are accompanied by the
estimated time (in minutes) required for completion and by a difficulty rating. The time estimates
assume use of the partially filled-in working papers.
Problems (Sets A and B)
15.1 A,B Cramer Cookie Company/Monster Cookie Company 30 Medium
Demonstrate how differences in costs and exchange rates between
countries can impact the profits earned from exportation. The student
must calculate the forecasted amount of profits to be earned from two
alternative export locations and consider how exchange rate volatility
may impact the decision of which export location to choose.
15.2 A,B Europa-West/Euroam 25 Easy
Prepare journal entries to record payment of liabilities stated in krona.
Involves recognition of both gains and losses from fluctuations in
exchange rates. Student is asked to explain a hedging technique that
would protect the company from losses from exchange rate fluctuations.
15.3 A,B Wallerton, Inc./Jelton, Inc. 40 Strong
Students investigate the impact of three exchange rate projections on the
income statement. Provides insights into how a strengthening foreign
currency impacts earnings.
15.4 A,B Ulsa Company/Alsu Company 40 Medium
Students calculate profits to be earned in two different production and
selling locations. In addition to differences in production costs, the
student must consider the costs of foreign import duties and income
taxes.
15.5 A,B NAFTA vs. ASEAN Initiative /NAFTA vs. CAFTA DR 90 Strong
This is an unstructured problem that asks students to research an
international trade agreement and compare and contrast its
requirements/restrictions with those of NAFTA. Designed to be a group
writing assignment or presentation exercise.
15.6 A,B Wolfe Computer/Fox Games 40 Strong
A more comprehensive problem involving gains and losses on both
receivables and payables stated in foreign currencies. Student is also
asked to explain techniques for hedging against losses on foreign
payments and foreign receivables.
© The McGraw-Hill Companies, Inc., 2010
Description Problems
Global Edition, 2e Jan
Williams Susan Haka Bettner
Carcello Lam Lau (Solutions
Manual All Chapters, 100%
Original Verified, A+ Grade)
All Chapters Solutions
Manual Supplement files
download link at the end of
this file.
All Chapters Are Reversed From 15-1
Part 1: CH 15-1: Page 2-1020
Part 2: Problem 1-4: Page 1021-1062
, Part 1
CHAPTER 15
GLOBAL BUSINESS AND ACCOUNTING
OVERVIEW OF BRIEF EXERCISES, EXERCISES, PROBLEMS, AND CRITICAL
THINKING CASES
Brief Learning
Exercises Topic Objectives Skills
B. Ex. 15.1 Foreign currency translations 4 Analysis
B. Ex. 15.2 Purchases in a foreign currency 4, 5 Analysis, communication
B. Ex. 15.3 Currency strength 4 Analysis
B. Ex. 15.4 Exchange rate fluctuations 5 Analysis, communication
B. Ex. 15.5 Currency choice 5,6 Analysis, communication
B. Ex. 15.6 Currency strength and gains and losses 4 Analysis, communication
B. Ex. 15.7 Culture effects on business 2 Analysis, judgment
B. Ex. 15.8 Currency fluctuation effects 5, 6 Analysis
B. Ex. 15.9 Exchange rate computation 4 Analysis
Learning
Exercises Topic Objectives Skills
15.1 Global business terminology 1–8 Analysis
15.2 External financial reports and globalization 1, 2 Analysis, research,
technology
15.3 Understanding exchange rate conversion 4 Analysis
15.4 Locating international business 2, 7, 8 Analysis, research,
information judgment
15.5 Real World: Airbus, Nikon, Toyota 2, 5 Analysis, communication
Currency fluctuations: who wins and who
loses?
15.6 Foreign currency transaction 4, 5 Analysis
15.7 Harmonization around the world 3 Analysis, research,
technology
15.8 Real World: adidas AG’s International 1, 2 Analysis, judgment
expansion
15.9 Matching foreign exchange gains and 5 Analysis
losses
15.10 Real World: Global sourcing costs for 4, 7 Analysis
Mattel, Inc.
© The McGraw-Hill Companies, Inc., 2010
CH15-Overview
, Learning
Exercises Topic Objectives Skills
15.11 Financial statement harmonization 2, 3 Analysis
15.12 Real World: Honda Motor Company 3 Analysis, judgment
Use of U.S. GAAP or IFRS
15.13 Comparing environmental factors 2 Analysis, research,
judgment
Problems
Sets A, B Topic Skills
15.1 A,B Exchange rates and export decisions 4, 5, 7 Analysis
15.2 A,B Journalizing exchange rate gains and 1, 4–6 Analysis, communication
losses
15.3 A,B Exchange rates and income effects 4–7 Analysis, communication
15.4 A,B Exchange rates and production decisions 4, 7 Analysis
15.5 A,B Understanding trade agreements 2, 7 Analysis, research,
technology
15.6 A,B Comprehensive problem journalizing 4–6 Analysis
exchange rate effects
15.7 A,B FCPA violations 8 Analysis, judgment
15.8 A Real World: adidas AG’s globalization 1, 2, 6, 7 Analysis, judgment,
research
Critical Thinking Cases
15.1 Globalization decisions are complex 1, 2 Analysis, judgment
Analysis, communication,
15.2 Disclosure requirements 2, 3, 5 judgment
15.3 International demand for corporate 2, 3 Analysis, research,
governance communication
(Ethics, fraud and corporate governance)
© The McGraw-Hill Companies, Inc., 2010
CH15-Overview (p.2)
, DESCRIPTIONS OF PROBLEMS AND CRITICAL THINKING CASES
Below are brief descriptions of each problem and case. These descriptions are accompanied by the
estimated time (in minutes) required for completion and by a difficulty rating. The time estimates
assume use of the partially filled-in working papers.
Problems (Sets A and B)
15.1 A,B Cramer Cookie Company/Monster Cookie Company 30 Medium
Demonstrate how differences in costs and exchange rates between
countries can impact the profits earned from exportation. The student
must calculate the forecasted amount of profits to be earned from two
alternative export locations and consider how exchange rate volatility
may impact the decision of which export location to choose.
15.2 A,B Europa-West/Euroam 25 Easy
Prepare journal entries to record payment of liabilities stated in krona.
Involves recognition of both gains and losses from fluctuations in
exchange rates. Student is asked to explain a hedging technique that
would protect the company from losses from exchange rate fluctuations.
15.3 A,B Wallerton, Inc./Jelton, Inc. 40 Strong
Students investigate the impact of three exchange rate projections on the
income statement. Provides insights into how a strengthening foreign
currency impacts earnings.
15.4 A,B Ulsa Company/Alsu Company 40 Medium
Students calculate profits to be earned in two different production and
selling locations. In addition to differences in production costs, the
student must consider the costs of foreign import duties and income
taxes.
15.5 A,B NAFTA vs. ASEAN Initiative /NAFTA vs. CAFTA DR 90 Strong
This is an unstructured problem that asks students to research an
international trade agreement and compare and contrast its
requirements/restrictions with those of NAFTA. Designed to be a group
writing assignment or presentation exercise.
15.6 A,B Wolfe Computer/Fox Games 40 Strong
A more comprehensive problem involving gains and losses on both
receivables and payables stated in foreign currencies. Student is also
asked to explain techniques for hedging against losses on foreign
payments and foreign receivables.
© The McGraw-Hill Companies, Inc., 2010
Description Problems
