NATIONAL OPEN UNIVERSITY OF NIGERIA
14/16 AHMADU BELLO WAY, VICTORIA ISLAND, LAGOS
SCHOOL OF MANAGEMENT SCIENCES
MARCH/APRIL 2014 EXAMINATION
COURSE TITLE: INTERNATIONAL ACCOUNTING SYSTEM CREDIT UNIT: 2
COURSE CODE: ENT432
TIME ALLOWED: 2 HOURS
Instructions: 1. Attempt Question one and any other two (2) Questions.
2. Question 1 is compulsory and carries 30 marks
While the other 2 questions carry 20 marks each
3. Present all your points in coherent and orderly manner.
1. Discuss the factors that influence the development of international accounting system.
2. (a) Outline the operating procedures of the international accounting standards
committee (IASC).
(b) Discuss the operating structure of the international accounting standards
committee
3. Mention and explain five approaches that multinational corporations take to
Accommodate foreign readers of their financial reports.
4. (a) Disclosure is a substantive issue. Explain
(b) List and explain three examples of disclosures from an international perspective.
5.(a) Explain how cultural values influence accounting system.
(b) Discuss any four accounting values you know
You can get the exam summary answers for this course from 08039407882
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