Discuss the factors that should be taken into account when choosing the temporal or current rate method.
Explain in general the basic differences between the accounting principles of continental European countries (such as France and Germany) and the accounting practices of Anglophone countries such as United States and Great Britain. Which factors, do you think, cause these differences?
What is transaction risk exposure? Please explain.
How gain or loss emerge as a result of translating foreign-currency financial statements?
Explain how international accounting differs from purely domestic accounting?
What are the major accounting classifications in the world? What are the distinguishing features of each model?
What is the difference between a transaction gain or loss and a translation gain or loss?