Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Standard view
Full view
of .
Look up keyword
Like this
0 of .
Results for:
No results containing your search query
P. 1
global business and accounting

global business and accounting

Ratings: (0)|Views: 164|Likes:
Published by salman saeed

More info:

Published by: salman saeed on Dec 11, 2009
Copyright:Attribution Non-commercial


Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less





Solutions Manual Vol. II,
Financial and Managerial Accounting
13/e, Williams et al
Exercises TopicLearningObjectivesCharacter ofAssignment
15–1 Accounting terminology 1–8 Conceptual15–2 Identifying globalization activities 1, 2 Conceptual15–3 Exchange rate conversions 4 Mechanical15–4 Researching foreign countries 2, 7, 8 Conceptual, analytical15–5 Currency fluctuations 2, 5 Conceptual15–6 Currency transactions 4, 5 Conceptual15–7 Harmonization around the world 3 Mechanical, conceptual15–8 Foreign Corrupt Practices Act 8 Conceptual
15–1 Exporting decisions 4, 5 Mechanical, analytical15–2 Currency transactions 1, 4, 5, 6 Mechanical, conceptual,analytical15–3 Exchange rates and income effects 4, 5, 6, 7 Mechanical, analytical15–4 Foreign production decisions 3, 4 Mechanical, analytical15–5 Global trade agreements 2, 7 Conceptual, analytical15–6 Currency fluctuations 1, 4, 5, 6 Mechanical, conceptual15–7 Tootsie Roll’s globalization 1, 2, 6, 7 Mechanical, conceptual, real
15–1 Globalization activities 1, 2 Conceptual
15–2 International accounting standards 2, 3, 5 Conceptual
Business Week 
 Business Week 
assignment: Inside Japan 2, 3 Conceptual, real, writing,group assignment
15–1 U.S. foreign trade zones 1, 2, 7 Conceptual
© The McGraw-Hill Companies, Inc., 2005
Below are brief descriptions of each problem, case, and the first Internet assignment. These descriptions areaccompanied by the estimated time (in minutes) required for completion and by a difficulty rating. The timeestimates assume use of the partially filled-in working papers.
15–1 Cramer Cookie Company
Demonstrate how differences in costs and exchange rates between countriescan impact the profits earned from exportation. The student must calculate theforecasted amount of profits to be earned from two alternative export locationsand consider how exchange rate volatility may impact the decision of whichexport location to choose.
30 Medium15–2 Europa-West
Prepare journal entries to record payment of liabilities stated in krona.Involves recognition of both gains and losses from fluctuations in exchangerates. Student is asked to explain a hedging technique that would protect thecompany from losses from exchange rate fluctuations.
25 Easy15–3 Wallerton, Inc.
 Students investigate the impact of three exchange rate projections on theincome statement. Provides insights into how a strengthening foreign currencyimpacts earnings.
40 Strong15–4 Ulsa Company
 Students calculate profits to be earned in two different production and sellinglocations. In addition to differences in production costs, the student mustconsider the costs of foreign import duties and income taxes.
40 Medium15–5 Global Trade Agreements
 This is an unstructured problem that asks students to research an internationaltrade agreement and compare and contrast its requirements/restrictionswith those of NAFTA. Designed to be a group writing assignment or  presentation exercise.
 90 Strong15–6 Wolfe Computer
 A more comprehensive problem involving gains and losses on bothreceivables and payables stated in foreign currencies. Student is also asked toexplain techniques for hedging against losses on foreign payments and foreignreceivables.
40 Strong15–7 Tootsie Roll’s Globalization
 This problem demonstrates how the financial statements of a company(Tootsie Roll Industries, Inc.) can be used to assess its level of globalization.By evaluating the number of countries with operations; the percentage of sales, assets and earnings from foreign sources; and the foreign taxes paid, aninvestor can form an opinion about a firm’s level of globalization.
 35 Medium
Solutions Manual Vol. II,
Financial and Managerial Accounting
13/e, Williams et al
15–1 Bristow, Inc.
Presents several options a firm has for increasing its presence in a foreignlocation. The student considers what factors are useful in deciding the optionmost beneficial to the firm. Also demonstrates that different options result indifferent informational needs.
40 Medium15–2 International Accounting Standards
Given a set of arguments for and against harmonization of internationalaccounting practices, the student is asked to write a one-page summary of his/her opinions regarding the issue.
50 Medium
Business Week 
 Business Week
Assignment: Inside Japan
Students will think and write about how environmental variables affect theaccounting profession in Japan. In addition, students practice writing andgroup skills by assessing whether Japanese accounting standards are becomingmore like U.S. standards.
70 Strong
Internet Assignment
15–1 U.S. Foreign Trade Zones
Using the Web site, the student is asked to find information concerningforeign trade zones located in their home state. The student is also asked toread one of the several case studies included in the site and answer follow-upquestions.
40 Medium

You're Reading a Free Preview

/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->