MBA Semester IV Examination
April 2015
Intemational Accounting and Finance Paper 406
Subject Code 4777
Time: 2.hrs 30 minutes Total Marks: 70
Q.1 Explain in detail, major causes of international difference in accounting practices. [14]
OR
Q.1 Explain Intrinsic Classification and Extrinsic Classification of Financial Reporting.
Suitably illustrate your answer: [4]
Q2_ “Theory and Practice in the field of consolidation accounting differ substantially from
country to country”. Explain the statement with reference to rate of adoption and concept
of Group for consolidation purpose. [4]
OR
Q2__ What is meant by the term “translation”? How does it differ from the term ‘conversion
Explain three traditional methods of translation of financial statements. [14]
3 Explain major direct influences on UK. Corporate Financial Reporting. (4)
OR
3 Explain distinetive core of French Financial Reporting. [14]
Q4 Explain in detail, history of International Monetary System. [4]
OR
Q4 Explain various sources of Short Term financing of Multinational Companies. [14]
QS. Differentiate between FDI and FIL. Critically justify the significance of FDI in economic
development of a nation [lay
OR aah
QS “For many firms becoming multination is not a matter of choice. but rather one of
survival.” Discuss. Also explain critical elements of designing global expansion strategy
for a multinational firm. (4)