Chap1Q1:Explainhowinternationalaccountingdiffersfrompurelydomestic.1.Inthedomesticcase,accountingisaninformationservicethatprovidesfinancialinformationaboutadomesticentitytodomesticusersofthatinformation.2.Internationalaccountingisdistinctiveinthattheentitybeingreportedoniseitheramultinationalcompany(MNC跨国公司)withoperationsandtransactionsthattranscendnationalboundariesorinvolvedonentitywithreportingobligationstoreaderswhoarelocatedoutsidethereportingentity’scountry.Q2:Indentifyseveralinternalandexternalreportingissuesthatarisewhenbusinessandinvestmenttranscendnationalborders.External:1.Doestranslationfromonesetofmeasurementrulestoanotherchangetheinformationcontactoftheoriginmessage？(计量规则转换问题)2.Shouldaccountsofforeignoperationsbetranslatedtoparentcurrencywhenconsolidatedstatementateprepared?（合并财务报表转换问题）3.Whichexchangeratesshouldbeemployedwhentranslatingfromonecurrencytoanother?（汇率问题）Internal:1.Whichexchangeratesshouldbeusedforbudgetingpurpose?（编制预算汇率转换）2.Shouldforeignmanagersbeevaluatedintermsofparentcurrencyorthemanageroperates?（子公司经理人业绩评价用哪种货币）3.Whichpricesshouldoneusewhentransferringgoodsorservicesbetweenthemembersofthemultinationalenterprisecostmarket,cost-plus,orothercostproblem?（在跨国公司不同子公司进行物品或服务的转换的定价问题）Q3:Re-examQ1.whichdescribestheoutsourcingprocessforHP’sproductionoftheProLiantMl150.Foreachlegoftheproductionchain,indentifythevariousaccountingandrelatedissuesthatmightariseForstep1and2:theideafortheProLiantMl150isspawnedinSingaporeandapprovedinHonstan.①differenceinlegalpracticesregardingrights,andcompensationschemesforintellectualproperlydevelopmentmayvarybetweentheU.SandSingaporeasthelatter’slegalsystemhasbeeninfluencedbytheU.Ksystem.Internationaltaxissuesalsosurfaceintermsof②royaltypayment（印税）arrangementsandtheirtaxconsequencesinbothSingaporeandtheU.S.Forstep4:①languagecommunicationbetweenSingaporeandTaiwancouldcausesomeissuesofinterpretation.ProductioninTaiwanraisesinternalreportingissuessuchasshould②exchangeratefluctuationbetweentheTaiwanesedollarandtheU.Sdollarbeincorporatedintothecostofproductionoraccountedforseparatelyasanon-operatingforeignexchangegainorloss.（非主营汇兑利得或损失）.In③evaluatingthecreditworthiness（借贷信用）oftheTaiwanesemanufacturer,shouldthefinancialstatementsoftheTaiwanesemanufacturerbetranslatedtoU.S.GAAPornot.Ifaratioanalysisisperformed,should④Taiwaneseliquidity（流动性）andsolvencyratios（长期偿债能力）beinterpretedbasedonU.S.financialnormsorTaiwanesenorms?Step5:shouldclientsinSoutheastAsiancountriesbecharged①identicalprices（均一价格）orshouldpricesbeflexed（弹性）fordifferencesinchargerates,transportationarrangement（运输费用）ect.What②legalissues（法律问题）areraisedinthecaseofbribes（贿赂）expectedorthepartofcommercialbuyers（商业买家）andhowwouldthesepaymentsbetreatedundertheU.SForeignCorruptPracticeAct（美国国外贿赂行为法）.Q4:Revisit1-6(P10),calculatethe2005’sROE(ReturnonEquity股本回报率)forElectraluxunderIFRSandGAAPrespectively.2005（%）2004（%）ROE(perIFRS)6.81%(1763/25888)13.79%(3259/23636)ROE(perGAAP)6.06%(1518/25057)11.83%(2788/23567)Chap2Q1:Thischapteridentifies7economics,sociohistorical（社会历史），andinstitutionalfactorsbelievedtoinfluenceaccountingdevelopment.1.Explainhoweachoneeffectaccountingpractice.(BookPage27-3...
