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）姓名： 学号： 成绩：A. Explain to the concepts below1. International accountingInternational 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 quoteThe 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 quoteThe 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 rateThe exchange rate in effect at the relevant financial statement date.7.functional currencyThe 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 rateThe foreign exchange rate that prevailed when a foreign currency asset or liability was first acquired or incurred.9.monetary itemsObligations 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 dateThe 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 operationsGlobal competitionCross-border mergers and acquisitionsInternationalization of capital markets2.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 Directors reports in British.The directors 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 Directors report in France.书本P58第三段the directors report 后面整段吧The directors report includes a review of the companys activities during the year, the companys future prospects, important post-balance sheet events, research and development activities, and a summary of the companys results for the past five years. 6.British financial reporting generally include 7 parts, what are they?(1)Directors 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)Auditors 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 Transaction1.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=US1January 31, 2010 0.6159=US1Requirement.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.DateThe purchase price The Selling price Date of EntryJuly 16thFC1=1.39FC1=1.41Transaction date July 31thFC1=1.42FC1=1.45Statement date August 31stFC1=1.35FC1=1.38Settlement date 3.Assume that a U.S. firm imports equipment from Germany on March 1 for UK200,000 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 firms books are closed at the end of the calendar quarter.Requirement. Please give the journal entries both to the buyer and the seller.