Exam (elaborations)
Test Bank for Chapter 1--Introduction to International Accounting 6th Edition by Timothy Doupnik
- Course
- Institution
Test Bank for Chapter 1--Introduction to International Accounting 6th Edition by Timothy Doupnik
[Show more]
Content preview
Test Bank for Chapter 1--Introduction toInternational Accounting 6th Edition by
Timothy Doupnik
accounting - ANSIncludes financial, managerial, auditing, taxation, and accounting information
systems
international - ANSSupranational--standards, guidelines, and rules of accounting, auditing, and
taxation issued by supranational organizations (OECD, UN, IFA)
Company--the standards, guidelines, and practices that a company follows related to its
international business activities and foreign investments
Broadest level--the study of the standards, guidelines, and rules of accounting, auditing, and
taxation that exist within each country as a well as comparison of those items across countries
(includes rules related to the financial reporting of plant, property, and equipment; income and
other tax rates; and the requirements for becoming a member of the national accounting
profession
foreign exchange risk - ANSthe possibility that a foreign currency will decrease in US$ value
over the life of the receivable
strike price - ANSa predetermined exchange rate for selling a foreign currency
derivative financial instrument - ANSoptions
foreign currency forward contracts
derivative - ANSa financial instrument whose value is based on (or derived from) a traditional
security (such as a stock or bond), an asset (such as a foreign currency or a commodity like
gold) or a market index (such as the S&P 500 index)
greenfield investment - ANSconstructing a new plant in a foreign country
foreign direct investment - ANSthe ownership and control of foreign assets, such as a
manufacturing plant
acquisition - ANSpurchasing an existing manufacturer in a foreign country
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller AllLegitExams. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
55298 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 15 years now