国际会计总复习(课堂作业).doc

For step 1-3: ①difference in legal practices regarding rights, and compensation schemes for intellectual properly development may vary between the U.S and Singapore② royalty payment arrangements and their tax consequences in both Singapore and the U.S. For step 4: ① language communication between Singapore and Taiwan ② exchange rate fluctuation between the Taiwanese dollar and the U.S dollar be incorporated into the cost of production or accounted for separately as a non-operating foreign exchange gain or loss.③ evaluating the creditworthiness of the Taiwanese manufacturer, should the financial statements of the Taiwanese manufacturer be translated to U.S. GAAP or not. ④Taiwanese liquidity and solvency ratios be interpreted based on U.S. financial norms or Taiwanese norms? Step 5: ① identical prices or should prices be flexed for differences in charge rates, transportation arrangement ect.② legal issues are raised in the case of bribes There are 2 combinations: Common law legal system + Strong equity markets + Separation of financial and tax accounting ②Code law legal system + Credit-based financing (bank) + Accounting rules conform to tax law Q5: Consider the following countries/ regions: Legal system Accounting practice Common Law Code Law Fair presentation Legal compliance Belgium √ √(合并报表) √（单独报表） China √ √（IFRS趋同） √（为主） The Czech Republic √ √(合并报表) √（单独报表） Gambia √ √ India √ √ Mexico √ √（美国影响） Senegal √ √ Taiwan √ √（美国影响） US √ √ UK √ √ Germany √ √（IFRS趋同） √ Japan √ √（IFRS趋同） √ Q2: Considering 5 countries discussed in this chapter: Setting Board/ Agency Supervising org. Enforcement org. France ① National Accounting Board (CNS) Accounting Regulation Committee (CRC) ① Accounting Regulation Committee (CRC) Financial Markets Authority (AMF) Institute of Public Accountants (OEC) National Institute of Stautory Auditors (CNNC) Germany German Accounting Standards Committee (GASC) German Accounting Standards Board (GASB)