Q1. Who play an impartment role in the risk management process? A. Auditor B. Management accountant C. Controller of finance D. none of the above

Q2. Two difficulties in undertaking an international business strategy analysis A. Annual reports, Trade groups B. Profit drivers, business risks C. Regulators, Profit drivers D. Foreign exchange risk, Regulators

Q3. The fundamental reasons that IASB/accounting bodies should keep in mind when developing standards. A. Representatives from entire world B. International convergence C. Formal link between trustees and capital market authorities D. Raises funds and oversees IASB activities

Q4. With which method, currency translation does not change the attribute of an item being measured. A. Monetary- Nonmonetary method B. Temporal Method C. Current-Noncurrent Method D. Current rate Method

Q5. Prospective analysis involves the following best steps: A. Cross border comparisons and valuation. B. Forecasting and valuation C. Cash flow analysis, restatement algorithms. D. Forecasting and cash flow analysis

Q6. Trend analysis of bonuses paid by Senorina Panchos from a U.S. perspective 2009 2010 2011 Bonuses paid (in Panchos P 2,550 P 3,240 P 4,770 Year end rates $1=P 12.112 $1=P 12.640 $1=P 13.000 How much is the year to year percentage changes in bonuses paid in U.S $ in 2010? A. +21.47% B. 21.74% C. +27.14% D. +15.7%

Q7. Which statement is true? A. Long term debt is a non-monetary item B. Inventory is a non-monetary item C. Fixed asset is a monetary item D. Long term investments is a monetary item

Q8. The physical exchange of one currency for another in which delivery takes place immediately is A. Spot transactions B. Forward transaction C. Swap transaction D. A & B

Q9. Which of the following is not included in WOTS-Up Analysis? A. Strategies B. Weaknesses C. Opportunities D. Threats

Q10. The exchange rate specifies the number of domestic currency units needed to acquire a unit of foreign currency is A. Direct quote B. Forward transaction C. Indirect quote D. Swap transaction