Download PTU (I.K. Gujral Punjab Technical University Jalandhar (IKGPTU) M.Com 2020 March (Master of Commerce) 3rd Sem 76831 International Accounting Previous Question Paper
Roll No. Total No. of Pages : 02
Total No. of Questions : 17
M.Com.( 2018 Batch) (Sem.?3)
INTERNATIONAL ACCOUNTING
Subject Code : MCOPAF 311-18
M.Code : 76831
Time : 3 Hrs. Max. Marks : 60
INSTRUCTIONS TO CANDIDATES :
1. SECTION-A contains EIGHT questions carrying TWO marks each and students
has to attempt ALL questions.
2. SECTIONS-B consists of FOUR Subsections : Units-I, II, III & IV. Each
Subsection contains TWO questions each carrying EIGHT marks each and
student has to attempt any ONE question from each Subsection.
3. SECTION-C is COMPULSORY and consist of ONE Case Study carrying TWELVE
marks.
SECTION-A
Write short notes on the following :
1. Foreign Exchange Risk
2. IFRs
3. Transfer Pricing
4. OECD
5. Financial Reporting under Companies Act 2018
6. Culture and International Accounting
7. Benefits of Standardization
8. Tax Neutrality
SECTION-B
UNIT-I
9. What is an international Accounting? Give its domain.
10. Give in detail role and structure of International Accounting Standard Board.
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1 | M-76831 (S32)-1532
Roll No. Total No. of Pages : 02
Total No. of Questions : 17
M.Com.( 2018 Batch) (Sem.?3)
INTERNATIONAL ACCOUNTING
Subject Code : MCOPAF 311-18
M.Code : 76831
Time : 3 Hrs. Max. Marks : 60
INSTRUCTIONS TO CANDIDATES :
1. SECTION-A contains EIGHT questions carrying TWO marks each and students
has to attempt ALL questions.
2. SECTIONS-B consists of FOUR Subsections : Units-I, II, III & IV. Each
Subsection contains TWO questions each carrying EIGHT marks each and
student has to attempt any ONE question from each Subsection.
3. SECTION-C is COMPULSORY and consist of ONE Case Study carrying TWELVE
marks.
SECTION-A
Write short notes on the following :
1. Foreign Exchange Risk
2. IFRs
3. Transfer Pricing
4. OECD
5. Financial Reporting under Companies Act 2018
6. Culture and International Accounting
7. Benefits of Standardization
8. Tax Neutrality
SECTION-B
UNIT-I
9. What is an international Accounting? Give its domain.
10. Give in detail role and structure of International Accounting Standard Board.
2 | M-76831 (S32)-1532
UNIT-II
11. Explain the objectives of international Transfer Pricing.
12. What are various issues involved in consolidation of financial statements?
UNIT-III
13. Write short notes on the following :
a) Hedging Foreign Exchange Risk
b) IFRS 12
14. Explain in detail various risks and issues involved due to foreign exchange rates.
UNIT-IV
15. What are the reporting problems faced by MNCs?
16. What are various ethical issues involved in international Accounting? How these issues
can be addressed?
SECTION-C
17. Case Study :
A company has two divisions, A and B. Division A manufactures a component which is
used by Division B to produce a finished product. For the next period, output and costs
have been budgeted as follows :
Particulars Division A Division B
Component Units 50,000
Finished Units 50,000
Total variable costs Rs. 2,50,000 Rs.6,00,000
Fixed Costs Rs. 1,50,000 Rs.2,00,000
The fixed costs are separable for each division. You are required to advice on the transfer
price to be fixed for Division A?s component under the following circumstances:
a) Division A can sell the components in a competitive market for Rs. 10 per unit.
Division B can also purchase the component from the open market at that price.
b) As per situation described in a) above, and further assume that Division B currently
buys the component from an external supplier at the market price of Rs. 10 and here
is reciprocal agreement between the external supplier and another Division C, within
the group. Under this agreement the external supplier agrees to buy one product unit
from Division C, at a profit of Rs.4 per unit to that division, for every component
which Division B buys from the supplier.
NOTE : Disclosure of Identity by writing Mobile No. or Making of passing request on any
page of Answer Sheet will lead to UMC against the Student.
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This post was last modified on 31 March 2020