2024 – ACCT 564 International Accounting Multinational Enterprises DeVry Keller ACCT 564 Week 1 Homework

ACCT 564 International Accounting & Multinational Enterprises

(DeVry Keller)

 

ACCT 564 Week 1 Homework

Exercise 3

Required:

a)    Explain how Acme Brush of Brazil’s pretax income (in BRL) became a U.S.-dollar pretax loss.

b)    Discuss whether Cooper Grant should be paid a bonus or not.

Exercise 4

Required:

a)    Determine the number of foreign companies listed on the NYSE and the number of countries they represent.

b)    Determine the five countries with the largest number of foreign companies listed on the NYSE.

c)     Speculate as to why non-U.S. companies have gone to the effort to have their shares listed on the NYSE. 

Case 1. Besserbrau AG

Required: Discuss the various international accounting issues confronted by Besserbrau AG.

Exercise 7

Required:

Answer the following questions and provide explanations for your answers.

a)    Which is the greatest problem arising from worldwide accounting diversity?

b)    Which group is most affected by worldwide accounting diversity?

c)     Which group can most easily deal with the problems associated with accounting diversity? 

Exercise 8

Required:

Consider each of the following factors that contribute to existing accounting diversity as described in this chapter:

• Legal system • Taxation • Providers of financing • Inflation • Political and economic ties • Culture

a)    Which factor do you believe represents the greatest impediment to the international convergence of accounting? 

b)    Which factor do you believe creates the smallest impediment to convergence? Explain your reasoning.

 

ACCT 564 Week 2 Homework

Exercise 3

On May 19, 2004, the IASB published a single volume of its official pronouncements that will be applicable from January 1, 2005.  Prepare a list of them. 

 

Chapter 4, Exercise 1

What is the cost of inventory in the current year?

 

Chapter 4, Exercise 4

What is the depreciation expense for Year 1?     

 

Chapter 5, Case 5-1 (S.A. Harrington Company)

 

ACCT 564 Week 3 Homework

Exercise 12: 

Exercise 14 

Codification Exercise: 

Access the codification database through your course shell and give a summary (1 paragraph) of each of the below references: 

a) ASC 830-230-55-1:

b). ASC 505-20-25 

c). ASC 908-360-25

 

ACCT 564 Week 4 Homework

Chapter 7 Exercise 8:

What was the net increase or decrease in cash flow from having purchased the foreign currency option to hedge this exposure to foreign exchange risk?

Exercise 9

Exercise 10

Chapter 8 Ex. 11

Chapter 8, Case 8-3 (Bell South)

Case 7-3 BellSouth Corporation

 

ACCT 564 Week 5 Homework

Chapter 9 Exercise 8.

 

CASE 10-1 Swisscom AG

 

ACCT 564 Week 6 Homework

 

Chapter 11, Exercise 21

 

Eastwood Company

Year 1

X

Y

Z

 

	Calculation of FTC allowed, excess FTC, and net U.S. tax liability
	Year 2	X	Y	Z

 

Calculation of FTC allowed, excess FTC, and net U.S. tax liability

 

	Year 3	X	Y	Z
	Calculation of FTC allowed, excess FTC, and net U.S. tax liability

  

Summary

Year 1

Year 2

Year 3

 

ACCT 564 Week 7 Homework

 

Chapter 12, Exercise 16 

Smith-Jones Company

Given the facts presented, discuss the various factors that affect the reliability of (1) the comparable uncontrolled price method, (2) the resale price method, and (3) the cost-plus method. 

Chapter 13, Exercise 2

Briefly explain the operating environment of a developing country of your choice using the framework that identifies the social, political, economic, and technological influences. 

Chapter 13, Exercise 10

Briefly discuss the complexities of developing a global business strategy for an MNC 

Chapter 13, Exercise 11

State whether you agree that globalization has made cultural values irrelevant as a factor influencing multinational business and accounting 

CASE 2: LION NATHAN FACES REALITY!

Write a report identifying the main strategic issues and recommending the courses of action available to Lion in facing the current realities of this global initiative.