1. (TCO 1) What problems are caused by international diversity?
2. (TCO 2) What is the difference between a rules-based accounting standard and a principles-based accounting standard?
3. (TCO 3) Describe the structure of the Codification
4. (TCO 4) How does exchange rate fluctuation give rise to foreign exchange risk? Give an example.
5. (TCO 5) Why is it difficult to analyze foreign financial statements? Describe one of the potential problems in analyzing foreign financial statements.
6. (TCO 6) Describe the differences in corporate income tax and withholding taxes across countries. Why are there differences?
7. (TCO 7) Describe three transfer pricing methods. How would you determine which method is right for your company?