Question 1

Which of the following accurately reflects German accounting?

Accepted Answer

A)  Tax law is influential, because annual accounts are the basis for tax accounts. 
B)  The stock market is the major source of funding in Germany, so accounting reflects the needs of investors. 
C)  The Germans influenced the 4th Directive of the European Union through the introduction of the true and fair view. 
D)  German companies depart from historical cost through widespread use of current value accounting. 
A)  Tax law is influential, because annual accounts are the basis for tax accounts. 
B)  The stock market is the major source of funding in Germany, so accounting reflects the needs of investors. 
C)  The Germans influenced the 4th Directive of the European Union through the introduction of the true and fair view. 
D)  German companies depart from historical cost through widespread use of current value accounting. A

Question 2

According to the flexibility cultural value in accounting,

Accepted Answer

A)  there is a preference for permitting governments to establish uniform, yet flexible, standards. 
B)  there is a preference for confidentiality and the restriction of disclosure of information. 
C)  firms tend to be more open and publicly accountable. 
D)  accountants are more concerned with the perceived circumstances of individual companies. 
A)  there is a preference for permitting governments to establish uniform, yet flexible, standards. 
B)  there is a preference for confidentiality and the restriction of disclosure of information. 
C)  firms tend to be more open and publicly accountable. 
D)  accountants are more concerned with the perceived circumstances of individual companies. D

Question 3

Which group is leading the effort to harmonize audit standards?

Accepted Answer

A)  FASB 
B)  SEC 
C)  IFAC 
D)  AAA 
A)  FASB 
B)  SEC 
C)  IFAC 
D)  AAA C

Question 4

The EU has embarked on a major program of harmonization that will coordinate all of the following except

Accepted Answer

A)  accounting 
B)  company law 
C)  monetary systems 
D)  urbanization 
A)  accounting 
B)  company law 
C)  monetary systems 
D)  urbanization

Question 5

Individualism as a cultural value implies that

Accepted Answer

A)  people have a preference for a loosely knit social framework in society. 
B)  people accept a hierarchical order. 
C)  people strive for power equalization and demand justification for power inequities. 
D)  people maintain a relaxed atmosphere in which practice counts more than principles and deviance is more easily tolerated. 
A)  people have a preference for a loosely knit social framework in society. 
B)  people accept a hierarchical order. 
C)  people strive for power equalization and demand justification for power inequities. 
D)  people maintain a relaxed atmosphere in which practice counts more than principles and deviance is more easily tolerated.

Question 6

Anglo-Saxon countries would tend to reflect which of the following accounting values?

Accepted Answer

A)  transparency. 
B)  secrecy. 
C)  conservatism. 
D)  uniformity. 
A)  transparency. 
B)  secrecy. 
C)  conservatism. 
D)  uniformity.

Question 7

Conversatism can be linked most closely with collectivism.

Accepted Answer

A) True 
 B)False

Question 8

All of the following affect secrecy and transparency except

Accepted Answer

A)  measurement of assets and profits 
B)  individualism and collectivism 
C)  power distance 
D)  uncertainty avoidance 
A)  measurement of assets and profits 
B)  individualism and collectivism 
C)  power distance 
D)  uncertainty avoidance

Question 9

Confucian dynamism is a cultural value which:

Accepted Answer

A)  emphasizes a dynamic approach to business. 
B)  refers to a short-term versus long-term orientation to business. 
C)  a Chinese value adopted as a Chinese accounting principle. 
D)  is associated with a religious order in China. 
A)  emphasizes a dynamic approach to business. 
B)  refers to a short-term versus long-term orientation to business. 
C)  a Chinese value adopted as a Chinese accounting principle. 
D)  is associated with a religious order in China.

Question 10

Which group is providing environmental impact guidelines for MNEs

Accepted Answer

A)  NBA 
B)  ATF 
C)  OECD 
D)  AAA 
A)  NBA 
B)  ATF 
C)  OECD 
D)  AAA

Question 11

International classification should improve the understanding why some national systems have a dominant influence.

Accepted Answer

A) True 
 B)False

Question 12

In order to foster international economic and social development the OECD has issued

Accepted Answer

A)  the General Agreement on Tariffs and Trade 
B)  the G7 accord 
C)  the Potsdam declaration 
D)  a Code of Conduct 
A)  the General Agreement on Tariffs and Trade 
B)  the G7 accord 
C)  the Potsdam declaration 
D)  a Code of Conduct

Question 13

The concept of presenting a "true and fair view" of a company's financial statements depends heavily upon

Accepted Answer

A)  professionalism. 
B)  uniformity. 
C)  Confucian dynamism 
D)  secrecy. 
A)  professionalism. 
B)  uniformity. 
C)  Confucian dynamism 
D)  secrecy.

Question 14

In the United Kingdom,

Accepted Answer

A)  the Company Law is only followed by listed companies. 
B)  the "true and fair view" had to be adopted by the British, even though that is not what they wanted. 
C)  there is no accounting standard setting board due to the strength of the profession. 
D)  the "true and fair view" represents a flexible approach. 
A)  the Company Law is only followed by listed companies. 
B)  the "true and fair view" had to be adopted by the British, even though that is not what they wanted. 
C)  there is no accounting standard setting board due to the strength of the profession. 
D)  the "true and fair view" represents a flexible approach.

Question 15

One of Hofstede's societal values is "occupational specialization."

Accepted Answer

A) True 
 B)False

Question 16

The Anglo culture areas can be contrasted with the Germanic culture areas.

Accepted Answer

A) True 
 B)False

Question 17

The adaptive and inductive approaches have been used to classify accounting systems.

Accepted Answer

A) True 
 B)False

Question 18

The Nair and Frank approach to accounting classification

Accepted Answer

A)  classifies countries according to economic similarities. 
B)  classifies countries according to cultural similarities. 
C)  is a good example of a deductive approach to classifying countries. 
D)  classifies countries according to similarities in measurement and disclosure practices. 
A)  classifies countries according to economic similarities. 
B)  classifies countries according to cultural similarities. 
C)  is a good example of a deductive approach to classifying countries. 
D)  classifies countries according to similarities in measurement and disclosure practices.

Question 19

According to the inductive approach to accounting classification,

Accepted Answer

A)  accounting practices are analyzed and used to develop accounting groups. 
B)  international accounting groups are developed by linking environmental factors to national practices. 
C)  it is impossible to compare countries due to political differences. 
D)  Mueller classifies accounting systems into the following patterns: macroeconomic, microeconomic, independent discipline, and uniform accounting. 
A)  accounting practices are analyzed and used to develop accounting groups. 
B)  international accounting groups are developed by linking environmental factors to national practices. 
C)  it is impossible to compare countries due to political differences. 
D)  Mueller classifies accounting systems into the following patterns: macroeconomic, microeconomic, independent discipline, and uniform accounting.

Question 20

According to the deductive approach to accounting classification,

Accepted Answer

A)  accounting practices are analyzed and used to develop accounting groups. 
B)  international accounting groups are developed by linking environmental factors to national practices. 
C)  it is impossible to compare countries due to cultural differences. 
D)  disclosure groups are not as significant as are measurement groups in classifying countries. 
A)  accounting practices are analyzed and used to develop accounting groups. 
B)  international accounting groups are developed by linking environmental factors to national practices. 
C)  it is impossible to compare countries due to cultural differences. 
D)  disclosure groups are not as significant as are measurement groups in classifying countries.

Which of the following accurately reflects German accounting?

According to the flexibility cultural value in accounting,

Which group is leading the effort to harmonize audit standards?

The EU has embarked on a major program of harmonization that will coordinate all of the following except

Individualism as a cultural value implies that

Anglo-Saxon countries would tend to reflect which of the following accounting values?

Conversatism can be linked most closely with collectivism.

All of the following affect secrecy and transparency except

Confucian dynamism is a cultural value which:

Which group is providing environmental impact guidelines for MNEs

International classification should improve the understanding why some national systems have a dominant influence.

In order to foster international economic and social development the OECD has issued

The concept of presenting a "true and fair view" of a company's financial statements depends heavily upon

In the United Kingdom,

One of Hofstede's societal values is "occupational specialization."

The Anglo culture areas can be contrasted with the Germanic culture areas.

The adaptive and inductive approaches have been used to classify accounting systems.

The Nair and Frank approach to accounting classification

According to the inductive approach to accounting classification,

According to the deductive approach to accounting classification,

International Accounting and International Business

Comparative International Financial Accounting I

Comparative International Financial Accounting II

International Financial Statement Analysis

International Transparency and Disclosure

International Accounting Standards and Global Convergence

International Business Combinations, Goodwill and Intangibles

International Segment Reporting

Foreign Currency Transactions and Translation

International Accounting for Price Changes

Corporate Governance and Control of Global Operations

Foreign Exchange Risk Management

International Budgeting and Performance Evaluation

International Auditing Issues

International Taxation Issues

Filters

Exam 2: International Accounting Patterns, Culture and Development

Which of the following accurately reflects German accounting?

According to the flexibility cultural value in accounting,

Which group is leading the effort to harmonize audit standards?

The EU has embarked on a major program of harmonization that will coordinate all of the following except

Individualism as a cultural value implies that

Anglo-Saxon countries would tend to reflect which of the following accounting values?

Conversatism can be linked most closely with collectivism.

All of the following affect secrecy and transparency except

Confucian dynamism is a cultural value which:

Which group is providing environmental impact guidelines for MNEs

International classification should improve the understanding why some national systems have a dominant influence.

In order to foster international economic and social development the OECD has issued

The concept of presenting a "true and fair view" of a company's financial statements depends heavily upon

In the United Kingdom,

One of Hofstede's societal values is "occupational specialization."

The Anglo culture areas can be contrasted with the Germanic culture areas.

The adaptive and inductive approaches have been used to classify accounting systems.

The Nair and Frank approach to accounting classification

According to the inductive approach to accounting classification,

According to the deductive approach to accounting classification,

International Accounting and International Business

Comparative International Financial Accounting I

Comparative International Financial Accounting II

International Financial Statement Analysis

International Transparency and Disclosure

International Accounting Standards and Global Convergence

International Business Combinations, Goodwill and Intangibles

International Segment Reporting

Foreign Currency Transactions and Translation

International Accounting for Price Changes

Corporate Governance and Control of Global Operations

Foreign Exchange Risk Management

International Budgeting and Performance Evaluation

International Auditing Issues

International Taxation Issues

Filters