International Financial Reporting A Comparative Approach 3rd Edition Pauline Weetman, Paul Gordon, Clare Roberts - Solutions

To what extent do early developments in accounting practice indicate the likely current practice? (section 12.3)
To what extent does the business environment of Japan provide clues as to possible influences on accounting practices? (section 12.2)
How are Gray’s accounting values demonstrated in UK accounting practices today? (section 11.8)
What are the aspects of narrative reporting that are characteristic of the UK accounting system? (section 11.7.4)
Why is the alternative valuation choice of IAS 16 important for UK companies? (section 11.7.3)
What is the purpose of a Statement of Total Recognised Gains and Losses? (section 11.7.2)
Why is there a strong view from the UK that the ‘true and fair override’ must be preserved in international accounting standards? (section 11.7.1)
What is the role of non-executive directors in giving assurance on corporate reporting? (section 11.6.5)
What is the role of an audit committee in giving assurance on corporate reporting? (section 11.6.4)
How does the role of the Department of Trade and Industry bring statutory control to a professionally-oriented system of accounting? (section 11.6.3)
What is the role of the Financial Reporting Council and its subsidiary boards? (section 11.6.2)
What was the outcome of the review of the regulatory regime of the accountancy profession in 2002? (section 11.6.1)
What are the arguments against the description ‘Ango-Saxon accounting system? (section 11.5.1)
What are the arguments that support the description ‘Anglo-Saxon accounting system’? (section 11.5.1)
Which institutional factors are most likely to influence UK accounting practice? (sections 11.4 and 11.5)
How has membership of the EU affected UK accounting? (section 11.5.2)
How does the accounting profession in the UK compare to the descriptions given in Chapter 4?(section 11.4.6)
How does the corporate financing system of the UK compare to the descriptions given in Chapter 4? (section 11.4.5)
How does the taxation system of the UK compare to the descriptions given in Chapter 4?(section 11.4.4)
How does the corporate governance system of the UK fit into the classifications described in Chapter 4? (section 11.4.3)
How does the legal system of the UK fit into the classifications described in Chapter 4?(section 11.4.2)
How does the political and economic system of the UK fit into the classifications described in Chapter 4? (section 11.4.1)
To what extent do early developments in accounting practice indicate the likely directions of professionalism/statutory control; uniformity/flexibility; conservatism/optimism; and secrecy/transparency in current practice? (section 11.3)
What has been discovered in the ‘conservatism’ studies based on statistical analysis?(section 10.8.2)
What did research studies find about harmonization in the 1980s and 1990s? (section 10.8.1)
What are the similarities and differences in narrative reporting in France, Germany, and The Netherlands? (section 10.7.5)
Why do some countries have charts of accounts but other countries implement accounting standards without such detailed guidance? (section 10.7.3)
What are the benefits of the standard formats introduced by the Fourth and Seventh Directives? (section 10.7.2)
What are the problems of comparing the meaning of ‘a true and fair view’ across member states? (section 10.7.1)
How does enforcement differ in France, Germany, The Netherlands and Poland? (sections 10.6.1 to 10.6.4)
What are the enforcement mechanisms used across member states to support the application of IFRS? (section 10.6)
How do the external influences on accounting practice in France, Germany, The Netherlands and Poland compare to those described in Chapter 4? (section 10.5)
How do the accounting professions in France, Germany, The Netherlands and Poland compare to the descriptions given in Chapter 4? (section 10.4.6)
How do the taxation systems of France, Germany, The Netherlands and Poland compare to the descriptions given in Chapter 4? (section 10.4.5)
How do the corporate financing systems of France, Germany, The Netherlands and Poland compare to the descriptions given in Chapter 1? (section 10.4.3)
How do the corporate governance systems of France, Germany, The Netherlands and Poland compare to the descriptions given in Chapter 3? (section 10.4.2).
How do the legal systems of France, Germany, The Netherlands and Poland fit into the classifications described in Chapter 4? (section 10.4.1)
What types of standard-setting body are found in France, Germany, The Netherlands and Poland? (sections 10.3.2 to 10.3.5)
What is the range of choices made by member states in deciding on whether to require or permit IFRS for individual companies within a listed group? (section 10.3.1)
Why did the EU use a Recommendation rather than a Directive to give its views on environmental accounting? (section 9.10)
Why was there a need to modernize the Fourth and Seventh Directives? (section 9.9)
What are the problems in defining a group? (section 9.8.3)
What are the most significant features of the Seventh Directive? (section 9.8)
To what extent do recognition and measurement feature in the Fourth and Seventh Directives?(section 9.7.5)
What are the similarities and differences between the ‘type of expenditure’ format and the‘functional basis’ format of profit and loss account? (section 9.7.5)
Why may the words ‘true and fair’ have a different effect in different countries? (section 9.7.2)
What are the most significant features of the Fourth Directive? (section 9.7)
Why is it necessary to have options in directives? What factors might cause options to be allowed in a new directive? (section 9.6)
Is ‘equivalence’ the same as ‘equality’? (section 9.6)
If a new company law directive were proposed today, what processes would be required? How long might it take for the directive to enter national law of each member state? (section 9.6)
What is the status of the IAS Regulation? (sections 9.3 and 9.5)
Why did the EU abandon the idea of developing ‘EU accounting standards’? (section 9.4)
What are the different levels of legislation that may be applied to accounting? (section 9.3)
In which ways are each of the main institutions likely to have influence or impact on accounting practice in member states? (section 9.2)
To what extent is accounting practice in member states likely to be affected by the stated purpose of the EU? (section 9.2)
Discuss whether a classification of transparency is appropriate for present-day accounting practice. (section 8.8.4)
Explain which institutional influences cause transparency to be a characteristic of US accounting.(link section 8.8.4 to section 8.4)
Identify the key features supporting a conclusion that transparency, rather than secrecy, is a characteristic of US accounting. (link section 8.8.4 to section 8.7)
Discuss whether a classification of optimism is appropriate for present-day accounting practice. (section 8.8.3)
Explain which institutional influences cause optimism, rather than conservatism, to be a dominant characteristic of US accounting. (link section 8.8.3 to section 8.4)
Identify the key features supporting a conclusion that optimism, rather than conservatism, is a dominant characteristic of US accounting. (link section 8.8.3 to section 8.7)
Discuss whether a classification of strong flexibility is appropriate for present-day accounting practice. (section 8.8.2)
Explain which institutional influences cause flexibility, rather than uniformity, to be a dominant characteristic of US accounting. (link section 8.8.2 to section 8.4)
Identify the key features supporting a conclusion that flexibility, rather than uniformity, is a dominant characteristic of US accounting. (link section 8.8.2 to section 8.7)
Discuss whether a classification of professionalism is appropriate for present-day accounting practice. (section 8.8.1)
Explain which institutional influences cause professionalism, rather than statutory control, to be a characteristic of US accounting. (link section 8.8.1 to section 8.4)
Identify the key features supporting a conclusion that professionalism is a characteristic of US accounting. (link section 8.8.1 to section 8.7)
What are the most difficult problems facing accounting in the USA in the process of coordinating FASB accounting standards with IFRS? (link sections 8.6 and 8.7)
What explanations may be offered for these departures from IASB Standards, in terms of the institutional factors described in the chapter? (link sections 8.4 and 8.6)
For each of the areas of departure which you have identified, describe the treatment required or applied in the US and identify the likely impact on net income and shareholders’ equity of moving from US accounting practice to the relevant IASB Standards. (section 8.6)
In which areas does accounting practice in the US depart from that set out in IASB Standards?(section 8.6)
Which institutional factors are most likely to influence US accounting practice? (section 8.4 generally)
How do the external influences on and by accounting practice in the US compare to those described in Chapter 4? (section 8.5)
How does the accounting profession in the US compare to the descriptions given in Chapter 4?(section 8.4.6)
How does the corporate financing system of the US compare to the descriptions given in Chapter 4? (section 8.4.5)
How does the taxation system of the US compare to the descriptions given in Chapter 4?(section 8.4.4)
How does the corporate governance system of the US compare to the descriptions given in Chapter 3? (section 8.4.3)
How does the legal system of the US fit into the classifications described in Chapter 4? (section 8.4.2)
How does the political and economic system of the US fit into the classifications described in Chapter 4? (section 8.4.1)
What is meant by the ‘principles versus rules debate’? (section 8.3.3)
How has Sarbanes–Oxley affected corporate governance? (section 8.3.2)
What were the problems that Sarbanes–Oxley was intended to remedy? (section 8.3.2)
To what extent do early developments in accounting practice indicate the likely directions of professionalism/statutory control, uniformity/flexibility, conservatism/optimism, and secrecy/transparency in current practice? (section 8.3.1)
How do Ball et al. (2003) form their conclusions about accounting in Hong Kong, Malaysia, Singapore and Thailand before the Asian economic crisis? (section 7.7.5)
How do the findings of Giner and Rees (2001) differ from those of Ball et al. (2000)? (section 7.7.4)
How did Ball et al. (2000) relate earnings conservatism to code-law and common-law characteristics? (section 7.7.3)
Do you think the results found will apply to most UK and US companies in the mid-2000s?Why, or why not? (section 7.6.2)
Given the discussion in Chapters 4 and 5 on why accounting differs across countries, are the results of Meek, Roberts and Gray what you would have expected or not? Why? (section 7.6.2)
What were the main findings of Meek, Roberts and Gray when they compared voluntary disclosures of UK and US companies? (section 7.6.2)
Do you think the results found will apply to most UK and French companies in the mid-2000s?Why, or why not? (section 7.4.4)
Given the discussion in Chapters 4 and 5 on why accounting differs across countries, are the results of Walton what you would have expected or not? Why? (section 7.4.4)
What were the main findings of Walton when he compared UK and French company earnings?(section 7.4.4)
Do you think the results found will apply to most UK and US companies in the mid-2000s?Why, or why not? (section 7.4.2)
Given the discussion in Chapters 4 and 5 on why accounting differs across countries, are the results of Weetman et al. what you would have expected, or not? Why? (section 7.4.2)
What were the main findings of Weetman et al. (1998) when they compared the UK and US GAAP-based earnings of UK companies? (section 7.4.2)
How does Basu’s model of conservatism relate to what is traditionally understood by the word‘conservatism’ in accounting? (section 7.7.1)
If you were asked to do a study to measure the comparability of French and US companies, how would you set about doing it? What problems do you think you would encounter?(section 7.4)
What do your findings tell you about the comparability of German and US GAAP? (Case study 7.1)
Use the information provided in the case study on Daimler–Benz and calculate the comparability index and the three most important partial comparability indices for the years 1995, 1993 and 1991. (Case study 7.1)
If you were asked to measure the comparability of UK and US financial statements using the C-index, how would you set about doing it? What problems do you think that you would encounter? (section 7.5)

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International Financial Reporting A Comparative Approach 3rd Edition Pauline Weetman, Paul Gordon, Clare Roberts - Solutions

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