An organisation has just acquired some inventory from an overseas supplier and the amount payable is denominated
Question:
An organisation has just acquired some inventory from an overseas supplier and the amount payable is denominated in a foreign currency. What risks does this transaction expose the organisation to, and what can be done to reduce the risk?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (4 reviews)
If an organisation has acquired some inventory from an overseas supplier and the amount payable is ...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
A sales-based ranking of software companies provided by Yahoo! Finance on November 5, 2008, places Oracle Corporation third behind sales leaders Microsoft Corporation and IBM Software. Typical of...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
A sales-based ranking of software companies provided by Yahoo! Finance on November 5, 2008, places Oracle Corporation third behind sales leaders Microsoft Corporation and IBM Software. Typical of...
-
29. According to cognitive dissonance theory, why do people change their attitudes to match their behaviour? (1 Point) People guess their attitude from the O behaviour they see themselves performing...
-
Describe the principal steps in the implementation phase. What are the major deliverables?
-
The characteristic of information that evaluates whether it is large enough to impact a decision. LO8 (a) Comparability. (c) Cost. (b) Materiality. (d) Consistency
-
What do the following Durbin-Watson statistics suggest about the autocorrelation of the time series residuals from which each was calculated? a. d = 3.9 b. d = .2 c. d = 1.99 Applying the...
-
Venture Camps, Inc., leases the land on which it builds camp sites. Venture is considering opening a new site on land that requires $2,500 of rental payment per month. The variable cost of providing...
-
Question on the accounting side of FIFO and WAC With the current information please complete the table below for the transactions that have been provided using the following methods of inventory...
-
Tree Top Company is a service based company that rents canoes for use on local lakes and rivers. At the beginning of the new year, Tree Top Company decided to carry and sell T-shirts with its logo...
-
What is a hedge and what is its purpose?
-
Do you think that a reporting entity would prefer to classify a financial instrument as debt or equity? Why?
-
Many tax preparation firms offer their clients a refund anticipation loan (RAL). For a fee, the firm will give a client his refund when the return is filed. The loan is repaid when the IRS refund is...
-
The accountant at EZ Toys, Inc. is analyzing the production and cost data for its Trucks Division. For October, the actual results and the master budget data are presented below. Actual Results:...
-
2. 2D Design (4 points): The Pawnee Department of Parks and Recreation has received alarming reports that their picnic tables might be unstable. Examine the picnic table design below (which weighs 50...
-
Answer 3-10 Cash flow Bailey Corporations income statement (dollars are in thousands) is given here: Sales Operating costs excluding depreciation $14,000,000 and amortization EBITDA Depreciation and...
-
You want to create a database for computer lab management. You want to keep track of the following information (Type your answer): The information about computer/workstation such as station ID,...
-
You have been hired for a newly created position for a large medical office that employs five MDs and four Advanced Practice Registered Nurses (APRNs). Upper leadership created this position due to...
-
KG Spring Skating School Inc. had the following account balances as at April 30, 2012: Cash $23,000; Equipment $2,000; Accounts Payable $500; Advance Registration Fees (similar to Unearned Revenue)...
-
On January 1, 2017, McIlroy, Inc., acquired a 60 percent interest in the common stock of Stinson, Inc., for $340,200. Stinson's book value on that date consisted of common stock of $100,000 and...
-
How do documentation procedures contribute to good internal control?
-
What internal control objectives are met by physical controls?
-
What internal control objectives are met by physical controls?
-
You are evaluating a new project for the firm you work for, a publicly listed firm. The firm typically finances new projects using the same mix of financing as in its capital structure, but this...
-
state, "The subscription price during a rights offering is normally r; lower ; lower r; higher er; higher than the rights-on price and
-
Arnold inc. is considering a proposal to manufacture high end protein bars used as food supplements by body builders. The project requires an upfront investment into equipment of $1.4 million. This...
A Level Biology AQA Year 2 Complete Revision And Practice 1st Edition - ISBN: 1789080258 - Free Book
Study smarter with the SolutionInn App