Question No: 2

Short Theory Questions:

Note: Answer the following questions:

1. What are revaluation model of the property, plant and equipment?
2. What is current rate method?
3. What is horizontal analysis?

Answer all (Write in box True or False )

1. Transfer pricing is setting prices on goods and services exchanged between separate divisions within the same firm and these prices have a direct impact on the profits of the different division.

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2. Harmonization is the process of increase of alternatives while maintaining a low degree of flexibility in accounting practices.

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3. Temporal method objective is to translate financial statements as if the subsidiary had been using the parents currency.

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Please answer all Question ........ Tank you very much for you