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Multinational Consolidation and Currency Translation

What is it called when the share capital is less than 20%?

Investment

Subsidiary

Joint Control

Associate

By which magazine was invented Big Mac Index?

Financial Times

The economist

Forbes

Fortune

Which are the two relevant Paragraphs of the HGB?

What is the simplest form of a group?

Current / Non-current method uses the closing rate for…

All non-current assets and liabilities.

All current assets and liabilities.

Which method is based on the prudence principle?

Closing rate method

Historical rate method

Temporal method

Lower/higher value method

We could say an entity has significant control over another entity when the share capital is over?

30%

45%

50%

80%

Which are the four valuation methods used in the temporal method?

Current replacement cost

Historical cost

Current cost

Value of future receipts

Net realisable value

Expected money receivables

What is financial consolidation?

The merger and acquisition of many smaller companies into much larger ones.

The treatment of a group of companies and other entities as one entity for tax purposes.

The aggregation of financial statements of a group company as consolidated financial statements.

What is the functional currency?

The local currency of a company.

The currency of the primary economic environment.

The currency in which to present the financial statements.

What determines the allocation of consolidation methods?

The amount of control a company has.

The amount of debt financing.

The subsidiary's local currency.

The amount of shares the parent holds.

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