Financial Accounting, Asia

Financial Accounting, Asia Global Edition, 2e Jan Williams Susan Haka Bettner Carcello Lam Lau (Solutions Manual All Chapters, 100% Original Verified, A+ Grade) All Chapters Solutions Manual Supplement files download link at the end of this file.All Chapters Are Reversed From 15-1 Part 1: CH 15-1: Page 2-1020 Part 2: Problem 1-4: Page 1021-1062 1 / 4

OVERVIEW OF BRIEF EXERCISES, EXERCISES, PROBLEMS, AND CRITICAL

THINKING CASES

Brief ExercisesTopicSkills

• Ex. 15.1Foreign currency translationsAnalysis
• Ex. 15.2Purchases in a foreign currencyAnalysis, communication
• Ex. 15.3Currency strengthAnalysis
• Ex. 15.4Exchange rate fluctuationsAnalysis, communication
• Ex. 15.5Currency choiceAnalysis, communication
• Ex. 15.6Currency strength and gains and losses Analysis, communication
• Ex. 15.7Culture effects on businessAnalysis, judgment
• Ex. 15.8Currency fluctuation effectsAnalysis
• Ex. 15.9Exchange rate computationAnalysis

ExercisesTopicSkills 15.1 Global business terminology 1–8 Analysis 15.2 External financial reports and globalization Analysis, research, technology 15.3 Understanding exchange rate conversion Analysis 15.4 Locating international business information Analysis, research, judgment

15.5 Real World: Airbus, Nikon, Toyota 2, 5 Analysis, communication

Currency fluctuations: who wins and who

loses?

15.6 Foreign currency transactionAnalysis 15.7 Harmonization around the worldAnalysis, research, technology

15.8 Real World: adidas AG’s International

expansion Analysis, judgment 15.9 Matching foreign exchange gains and losses Analysis

15.10 Real World: Global sourcing costs for

Mattel, Inc.Analysis Objectives 4

CHAPTER 15

GLOBAL BUSINESS AND ACCOUNTING

Learning 5 5,6 4, 5 4 4 2 5, 6 4 Objectives Learning 4

2, 7, 8

1, 2 4, 5 4, 7 3 5 1, 2 © The McGraw-Hill Companies, Inc., 2010 CH15-Overview Part 1 2 / 4

ExercisesTopicSkills 15.11 Financial statement harmonization 2, 3 Analysis

15.12 Real World: Honda Motor Company 3 Analysis, judgment

Use of U.S. GAAP or IFRS 15.13Analysis, research, judgment Sets A, BSkills 15.1 A,B Exchange rates and export decisions4, 5, 7Analysis 15.2 A,B Journalizing exchange rate gains and losses 1, 4–6 Analysis, communication 15.3 A,B Exchange rates and income effects 4–7 Analysis, communication 15.4 A,B Exchange rates and production decisions4, 7 Analysis 15.5 A,B Understanding trade agreements 2, 7 Analysis, research, technology 15.6 A,B Comprehensive problem journalizing exchange rate effects 4–6 Analysis 15.7 A,B FCPA violations8 Analysis, judgment

15.8 A Real World: adidas AG’s globalization1, 2, 6, 7Analysis, judgment,

research 15.1 Globalization decisions are complex 1, 2 Analysis, judgment 15.2 Disclosure requirements2, 3, 5 Analysis, communication, judgment 15.3 International demand for corporate governance 2, 3 Analysis, research, communication (Ethics, fraud and corporate governance) Learning Objectives Critical Thinking Cases Comparing environmental factors 2 Problems Topic © The McGraw-Hill Companies, Inc., 2010 CH15-Overview (p.2) 3 / 4

DESCRIPTIONS OF PROBLEMS AND CRITICAL THINKING CASES

Problems (Sets A and B) 15.1 A,BCramer Cookie Company/Monster Cookie Company30Medium Demonstrate how differences in costs and exchange rates between countries can impact the profits earned from exportation. The student must calculate the forecasted amount of profits to be earned from two alternative export locations and consider how exchange rate volatility may impact the decision of which export location to choose.

15.2 A,BEuropa-West/Euroam25Easy Prepare journal entries to record payment of liabilities stated in krona.Involves recognition of both gains and losses from fluctuations in exchange rates. Student is asked to explain a hedging technique that would protect the company from losses from exchange rate fluctuations.

15.3 A,BWallerton, Inc./Jelton, Inc.40Strong Students investigate the impact of three exchange rate projections on the income statement. Provides insights into how a strengthening foreign currency impacts earnings.

15.4 A,BUlsa Company/Alsu Company40Medium Students calculate profits to be earned in two different production and selling locations. In addition to differences in production costs, the student must consider the costs of foreign import duties and income taxes.

15.5 A,BNAFTA vs. ASEAN Initiative /NAFTA vs. CAFTA DR90Strong This is an unstructured problem that asks students to research an international trade agreement and compare and contrast its requirements/restrictions with those of NAFTA. Designed to be a group writing assignment or presentation exercise.

15.6 A,BWolfe Computer/Fox Games40Strong A more comprehensive problem involving gains and losses on both receivables and payables stated in foreign currencies. Student is also asked to explain techniques for hedging against losses on foreign payments and foreign receivables.Below are brief descriptions of each problem and case. These descriptions are accompanied by the estimated time (in minutes) required for completion and by a difficulty rating. The time estimates assume use of the partially filled-in working papers.© The McGraw-Hill Companies, Inc., 2010 Description Problems

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