国际会计学课后作业.doc

《国际会计学》课后作业一（红色字为答案）

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A. Explain to the concepts below
1. International accounting
International accounting is an area of accounting which study on how to treat specific accounting practice of a multinational company or how to provide information of an entity to non-domestic readers
国际会计是一种研究如何处理跨国公司具体的会计实务以及如何向非国内读者提供主体信息的会计领域。

2.goodwill
Goodwill is capitalized as the difference between fair value of the consideration given in the exchange and the fair values of the underlying net assets acquired.
商誉是在交易中得到的对价的公允价值与潜在净资产的公允价值之间的差额的资本化价值。

4.direct quote
The exchange rate specifies the number of domestic currency units needed to acquire a unit of foreign currency.
汇率指定一定数量的国内货币单位获得一个单位的外国货币所需要的数量。

5.indirect quote
The exchange rate specifies the price of a unit of the domestic currency in terms of the foreign currency.
汇率指定的以外国货币为单位的国内货币单位的价格。
6.current rate
The exchange rate in effect at the relevant financial statement date.

7.functional currency
The primary currency in which an entity does business and generates and spends cash. It is usually the currency of the country where the entity is located and the currency in which the books of record are maintained.
在一个主体中进行业务和产生与使用现金的主要货币。它通常是该主体所在国在帐簿记录中使用的货币单位。

8.historical rate
The foreign exchange rate that prevailed when a foreign currency asset or liability was first acquired or incurred.

9.monetary items
Obligations to pay or rights to receive a fixed number of currency units in the future.
在未来有支付的义务或收取固定数量的货币单位的权利。

10.settlement date
The date on which a payable is paid or a receivable is collected.

B. Answer the following questions briefly.
1. What factors are contributing to the importance of international accounting as a field of study?
Growth and spread of multinational operations
Global competition
Cross-border mergers and acquisitions
Internationalization of capital markets

2.What are the major influence factors of the accounting pattern?
1) sources of finance
财务来源
2)legal system
法律制度
3)taxation
税务
4)political and economic ties
政治与经济的关系
5)inflation
通货膨胀
6)level of economic development
经济发展水平
7)education level
教育水平
8)culture
文化

3. How many components are included in a typical annual financial report of a large U.S. corporations ? What are they?
在一个美国大公司的典型年度财务报告中包含有多少组成部分？他们是什么？
A typical annual financial report of a large U.S. corporation includes the following components:
美国大公司典型的年度财务报告包括以下组成部分：
(1)report of management
管理报告
(2)report of independent auditors
独立审计师报告
(3)Primary financial statements (income statement, balance sheet, statement of cash flows, statement of comprehensive income, and statement of stockholders’ equity)
主要财务报表（损益表，资产负债表，现金流量表，综合收入报表，所有者权益报表）
(4)management discussion and analysis of results of operations and financial condition
对经营业绩和财务状况的讨论与分析
(5)Disclosure of accounting policies with the most critical impact on financial statements
(6)notes to financial statements
财务报表附注
(7)five-or ten-year comparison of selected financial data
五年或十年财务数据的比较
(8)selected quarterly data.
选定的季度数据

4 .Please explain the main contents of the Director’s reports in British.
The director’s report addresses principal business activities, review of operations and likely developments, important post-balance sheet events, recommended dividends, names of the directors and their shareholdings, and political and charitable contributions.

5. Please explain the main contents of the Director’s report in France.
书本P58第三段
the director’s report 后面整段吧
The director’s report includes a review of the company’s activities during the year, the company’s future prospects, important post-balance sheet events, research and development activities, and a summary of the company’s results for the past five years.

6.British financial reporting generally include 7 parts, what are they?
(1)Director’s report
总监的报告
(2)Profit and loss account and balance sheet
资产负债表和利润与损失账户
(3)cash flow statement
现金流量表
(4)Statement of total recognized gains and losses
认可的总收益和损失表
(5)Statements of accounting policies
会计政策说明
(6)Notes that are referenced to the financial statements
财务报表相关附注
(7)Auditor’s report
审计师的报告

7. Fluctuating exchange rates cause several major issues in accounting for foreign currency translation, what are they?
(1)Which exchange rate should be used to translate foreign currency balances to domestic currency?
(2)Which foreign currency assets and liabilities are exposed to exchange rate changes?
(3)How should translation gains and losses be accounted for?
8.There are four methods can be used in foreign currency translation. what are they?
They are current rate method, current-noncurrent method, monetary-nonmonetary method and temporal method.
有四种方法可以被用于外币折算。它们是(现行汇率法)，(流动非流动性法)，(货币性与非货币性项目法)和(时态法)。

C. Drills of Business Transaction
1.The foreign exchange transaction of American XYZ company are as follows:
In December 1, 2009. the company purchases merchandise for € 50000, the exchange rate on that date is € 0.6169=$1. The payment period is due in 60 days
Assume the following exchange rates :
December 31, 2009 € 0.6150=US＄1
January 31, 2010 € 0.6159=US＄1
Requirement.
According to the above information to prepare the entries on transaction date, statement date and settlement date under two- transaction perspective.

2.The foreign exchange transaction of U.S. ABC company is as follows:
On July 1, 2004, the U.S. ABC company signed a contract with a oversea company, to sell Y products with the price of 40000 pounds .
The delivery date is July 16th, and the payment date is August 31st .
The following table Provides the related exchange rate information.
Suppose FC be a foreign currency.
Requirement.
According to the above information to prepare the related entries under two- transaction perspective.
Date
The purchase price
The Selling price
Date of Entry
July 16th
FC1=＄1.39
FC1=＄1.41
Transaction date
July 31th
FC1=＄1.42
FC1=＄1.45
Statement date
August 31st
FC1=＄1.35
FC1=＄1.38
Settlement date

3.Assume that a U.S. firm imports equipment from Germany on March 1 for UK￡200,000 when the exchange rate is $1.3112 per euro. Payment in euro does not have to be made until April 30. Assume that on March 31, the exchange rate is $1.3500 per euro and on April 30 is $1.3300 .Also, Assume that the firm’s books are closed at the end of the calendar quarter.
Requirement.
Please give the journal entries both to the buyer and the seller.