Businesses that operate in more than one country are commonly referred to as , A) multiamerican firms B) multinational firms C) ultranational firms D) worldwide firms
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- Question Businesses that operate in more than one country are commonly referred to as . A. multi-American firms B. multinational firms C. ultranational firms D. worldwide firms20. Discloses in developed countries generally more extensive and more credible than disclosures of companies from Answer: ............QUESTION TWO b. IFRS are relevant to various stakeholders. State the relevance of IFRSs to each of thefollowing stakeholders:i. Investorsii. Multinational companiesiii. Governments
- Please answer all 3 subparts Question 1 (i) Which country would be more appropriate to explain the two tier board system?A. United KingdomB. United StatesC. AustriaD. South Africa (ii) In a two tier structure of corporate governance,A. Members of the supervisory board are appointed by the executive board.B. The chair of the non-executive board is also chair of the executive board.C. Non-executives are responsible for the day-to-day operations. D. CEO and chair of the board are split. (iii) Boards are advised to consider developing and ratifying a ____________ that provides the terms of reference for the board and describes how the board operates.A. Code of corporate governanceB. Code of ethicsC. CharterD. Statement of accountabilities.Choose the correct. According to the IFRS Foundation, approximately how many countries either require or permit the use of IFRS by publicly traded companies?a. 40 countries.b. 80 countries.c. 115 countries.d. 195 countries.Ay 1. What percentage of the world population do Americans, Canadians, Australians, British comprise? Why is this important to understand the global nature of business?
- Businesses that operate in more than one country are commonly referred to as . A. multi-American firms B. multinational firms C. ultranational firms D. worldwide firms7. Setting accounting standards by the private sector isSelect one:a. Independent discipline approachb. Microeconomic approachc. Common law accountingd. Code law accountingQuestion 1 2020 (i) Which one of the following best illustrates the approach adopted by NCCG 2016?A. “apply and explain”B. “apply or explain”C. “comply and explain”D. “comply or explain” (ii) Agency theory is based on the view thatA. The purpose of corporate governance (CG) should be to satisfy (as far as possible) the objectives of all stakeholders.B. Boards of directors are considered as important mechanism for reducing transaction costs associated with environmental interdependency.C. Corporate governance will be to employ or design techniques or systems that can secure the interests and values of the management.D. The system of CG should be designed to minimise agency problems & costs. (iii) Which one of the following statements is not a relevant reason for an accountant to liaise with their predecessor when accepting a professional assignment?A. It is a matter of professional etiquetteB. To avoid the appearance of solicitationC. To determine whether the professional fees…
- 25. French and German individual company financial statement must be prepared using the local accounting requirements because these statements are the basis for Answer:...........question 3 identify and discuss the major challenges and opportunities associated with international accounting standards convergence. Analyse the implications of differences in accounting practices across countries and propose strategies for addressing these challenges.A. 61. Which of the following statements about international accounting standards is true? A. Accounting professionals in the USA consider US GAAP superior to IAS and has nointention to adopt International Accounting Standards.B. The IASB is able to enforce its standards by prohibiting the listing of companies which donot comply on stock exchanges which sell internationally.C. The International Accounting Standards Board (IASB) was established with the purposeof narrowing the range of divergence in accounting standards throughout the world.D. Legal and psychological hurdles to achieving common reporting standards will be fullyovercome by the year 2012, the time frame set for convergence between IAS and USGAAP.