Your Questions About The Stock Market Presentation

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Joseph asks…

INTERNATIONAL ACCOUNTING?

7. In some countries, financial institutions operate under Shariah, which also gives guidance about accounting practice in these companies. What is “Shariah?”a) Shariah is the financial accounting standards board in Saudi Arabia.B) Shariah is the law governing human conduct that is derived from the Koran.C) Shariah is the codification of banking regulations in the European Union.D) Shariah is a political system used in South American countries.

8. Assets are commonly shown in order of their liquidity, or in reverse order of their liquidity. What does “liquidity” mean?
Liquidity refers to how easily the assets are converted to cash.
Liquidity means that assets are inflation-adjusted.
Liquidity refers to whether the asset is depreciable or not.
Liquidity means that the assets are closely matched to specific liabilities.

9. Individualism, power distance, uncertainty avoidance, and masculinity are examples of: a) accounting values B) ecological factors C) cultural dimensions D) external forces

13. According to Sir Bryan Carsberg, former IASC Secretary-General, what is the most significant cost of accounting diversity?
The time expended by accountants to create multiple sets of financial statements conforming to different national standards.
The cost of the IASB to regulate compliance with many national accounting standards.
The reduction in effectiveness of the international markets for capital.
The resources used by countries in legislating different sets of accounting standards.

15. Of the 14 members of the International Accounting Standards Board (IASB), how many work for the board on a full-time basis?
14
12
10
0

16. The IASB’s Framework for Preparation and Presentation of Financial Statements (1989) implies that the most important group of users is:
government.
general public.
creditors.
investors.

22. Camerata Construction borrowed 19,000,000 for 10 years at 6% specifically to modernize its operations with new equipment. The average rate of interest on Camerata’s debt after considering the most recent loan was 5.5%. What rate of interest should be used for capitalizing the borrowing costs on the new equipment under IAS 23?
5.5%
6%
5.75%
Some other amount

23. The IASB standard on stock options (IFRS 2) is substantially the same as U.S. GAAP. How should stock options be accounted for?
Since their value is not determinable until a future date, they are not recorded, but only disclosed in the notes to the financial statements.
A compensation expense is recorded based on the value of the options expected to vest as of the date the options are granted.
An expense is recorded only if a market value for the options exists on the date the options are granted.
The options are recorded as a liability for the value of the stock at the exercise date.

24. What functional area dominates the accounting profession in Germany?
Taxation
Auditing
Financial reporting
Managerial Accounting

26. What is the main source of corporate financing in the United Kingdom?
banks
capital markets
government grants
royal family

27. What is the greatest difference between Mexican accounting practice and American accounting practice?
The method of calculating earnings per share
The lack of conservatism in Mexican accounting standards
The treatment of inflation effects on financial statements
The accounting for exchange rate gains and losses

28. In what year was the Shanghai Stock Exchange reactivated?
1949
1956
1990
1995

29. According to the World Trade Organization, what was the size of international trade in 2003?
$7,000,000,000 (7 billion dollars)
$70,000,000,000 (70 billion dollars)
$37,000,000,000 (37 billion dollars)
$7,000,000,000,000 (7 trillion dollars)

31. What is a foreign currency transaction?
It is another name for an international transaction.
It is a transaction that involves payment at a date sometime in the future.
It is an economic event measured in a currency other than U.S. dollars.
It is a business deal denominated in a currency other than a company’s domestic currency.

32. Under U.S. GAAP, foreign exchange losses should be recorded by:
debiting “Foreign Exchange Loss”
crediting “Foreign Exchange Loss”
debiting “Retained Earnings”
debiting “Sales Revenue”

33. Under U.S. GAAP, to qualify for hedge accounting which of the following conditions must be met?
There must be for

Justin answers:

Please do your own work. You learn better that way./

Ken asks…

is this article supply or demand?

Smartphones
Microsoft Updates Mobile Presence With AT&T
Agustino Fontevecchia, 10.11.10, 02:55 PM EDT
Software firm unveils Windows Phone 7 operating system, related devices.

In what appears to be a major strategic step by Microsoft, the software giant CEO Steve Balmmer announced a partnership with AT&T to run their new operating system, Windows Phone 7, on their network, as he showed off nine new smartphones that will carry the software.

The windows phone redefines the game,” said Ballmer at the official presentation Monday in New York. Nine phones were presented which would run mainly on AT&T ( T – news – people )’s mobile network, with some running on Deustche Telekom’s T-mobile network; they are expected to be priced at $199.99 with a two-year contract.
Windows Phone 7 is the culmination of an overhaul in Microsoft ( MSFT – news – people )’s mobile business, as Andy Lees, who joined the software company in 2008 and was named president of mobile business two weeks ago, helped to revitalize the department.

Microsoft has been a laggard in the mobile market, with Windows Mobile, their older operating system, accounting for just 5% of the worldwide market, as opposed to the 41% held by Symbian, which runs on Nokia ( NOK – news – people ) phones, 18% for RIM ( RIMM – news – people )’s BlackBerry’s, 17% for Google ( GOOG – news – people )’s Android , and 14% for Apple ( AAPL – news – people )’s iPhone, according to research firm Gartner.

The new operating system seeks to differentiate itself from its competitors, namely Apple’s iPhone and Google’s Android operating system, which has become the top selling smartphone system in the U.S.. “Live tiles,” instead of applications, guide the interface, informing users of Facebook updates or showing the album cover of the song being played. Microsoft will integrate its Vuze music software, in part the inspiration for Windows Phone 7’s interface, to the operating system, while AT&T will fuse its U-Verse mobile TV service to the phones.

The new operating system will allow users to use Microsoft Office and coordinate easily with PCs, it will also allow users to connect to Xbox live, Microsoft’s online gaming community; AT&T will offer U-Verse subscriptions for the Xbox live users as well.

Microsoft has lined up 60 carriers in more than 30 countries, and expects to release the phones by October 21 in Europe and November 8 in the U.S. Microsoft’s deal with AT&T comes amid recent reports that Apple is developing an iPhone to be carried on Verizon ( VZ – news – people ) Wireless starting in 2011, and will end the device’s exclusivity with AT&T.

The markets accepted the deal, with Microsoft’s shares up $0.05 or 0.2% to $24.62 and AT&T’s stock up $0.08 or 0.3% to $28.30. Monday, a slow day for the markets due to the Columbus Day Holiday, saw investors unworried about the effects of the deal on Verizon, with its shares up $0.14 or 0.4% to $32.97.

Justin answers:

In my opinion, supply.

Trying to boost their sales.

David asks…

How does this paragraph sound? Easy question, will award best answer?

The offline retail environment of the iPhone is that of manufacture to intermediary to consumer. This intermediary batch purchases the stock from the manufacturer to sell in-store. O2 is the exclusive carrier of the device in the UK which means there are only three exclusive intermediaries. Given that the iPhone is the most desirable handheld device on the market today, these mobile phone retailers focus a great deal of attention on its marketing, which is appealing to not only apple’s target market (of young men in the higher socio-economic classes) but also the average consumer. This placement and presentation has proven to be considerably successful.

Justin answers:

Sounds really good. It’s clear, understandable and gets the point across well.

Well done 🙂

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