Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

An important note for the answer: 1-My company: Anton Collins Mitchell LLP (ACM) is a full-service public accounting company. The company was established in 2002

image text in transcribed

An important note for the answer:

1-My company: Anton Collins Mitchell LLP (ACM) is a full-service public accounting company. The company was established in 2002 and is headquartered in Denver, Colorado

2-Selected countries for the extending: Singapore, Denmark, and Mexico

Assignment 2: Course Project Task V

International Finance, Documentary Requirements, and Logistics

In this module, you will research information related to international finance, documents, and logistics.

Without financial resources, your company will not be able to purchase goods and services. In your opinion, how does a company finance international transactions?

When dealing with foreign countries, financial transactions can be risky. Before your company ships goods to a company located in La Republica de Caspa, you need to ensure that the foreign country will pay your company for the goods. Similarly, if your company orders goods from a company located in Russavia, you need to ensure that your company will receive the products it ordered instead of boxes filled with rocks.

Research letter of credit transactions, the uniform customs and practice for documentary credits (UCP), sources of trade financing, and other topics related to finance. Interview someone involved in international finance at your company. Prepare a paper evaluating the various methods of financing and the risks of financial transactions when buying and selling goods and services to foreign countries.

In addition, research the documents involved in international transactions. Provide the names and purposes of the most important documents. Analyze what are the legal requirements for these documents? Relate the use of Incoterms to import and export contracts. Considering the audience of your practical guide, include copies of documents for reference in your guide.

The final part of this modules paper should address the transportation of goods. What laws govern the transportation of goods from one country to another? Analyze the roles and responsibilities of the buyer, seller, carrier and freight forwarder? Evaluate which party is liable in the event goods are damaged in transit. Interview someone from risk management at your company to obtain information related to insurance and risk management.

Also, analyze how finance, documents, and logistics are affected by culture, ethics, and e-commerce. Make note of any pending regulations or laws that could affect your company in the future.

Write a 24 page paper showing your research on finance, documentary requirements, and logistics. Include links, references, and sources you have used and follow the proper guidelines for citing legal texts. Also provide a statement regarding which specific topics related to your research would be appropriate for inclusion in the International Business Law and Practices Guidelines document you are developing. Provide a rationale for your decisions.

Present your work in Microsoft Word document format. Name your file M5_A2_LastName_CourseProjectTaskV.doc and submit it to the

Discussion AreabySunday, April 9, 2017.

All written assignments and responses should follow APA rules for attributing sources.

Assignment 2 Grading Criteria

Maximum Points

Evaluated the various methods of financing and the risks of financial transactions when buying and selling goods and services to foreign countries.

16

Analyzed what are the legal requirements for these documents.

12

Related the use of Incoterms to import and export contracts and included copies of documents for reference in your guide.

8

Discussed the laws that govern the transportation of goods from one country to another.

8

Analyzed the roles and responsibilities of the buyer, seller, carrier, and freight forwarder and evaluated which party is liable in the event goods are damaged in transit.

12

Analyzed how finance, documents, and logistics are affected by culture, ethics, and e-commerce.

12

Made note of any pending regulations or laws that could affect your company in the future.

8

Reviewed the responses submitted by at least two of your classmates and provided a balanced feedback, addressing the inclusion or absence of relevant clauses.

8

Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources, displayed accurate spelling, grammar, and punctuation.

4

Total:

88

image text in transcribed An important note for the answer: 1- My company: Anton Collins Mitchell LLP (ACM) is a full-service public accounting company. The company was established in 2002 and is headquartered in Denver, Colorado 2- Selected countries for the extending: Singapore, Denmark, and Mexico Assignment 2: Course Project Task V International Finance, Documentary Requirements, and Logistics In this module, you will research information related to international finance, documents, and logistics. Without financial resources, your company will not be able to purchase goods and services. In your opinion, how does a company finance international transactions? When dealing with foreign countries, financial transactions can be risky. Before your company ships goods to a company located in La Republica de Caspa, you need to ensure that the foreign country will pay your company for the goods. Similarly, if your company orders goods from a company located in Russavia, you need to ensure that your company will receive the products it ordered instead of boxes filled with rocks. Research letter of credit transactions, the uniform customs and practice for documentary credits (UCP), sources of trade financing, and other topics related to finance. Interview someone involved in international finance at your company. Prepare a paper evaluating the various methods of financing and the risks of financial transactions when buying and selling goods and services to foreign countries. In addition, research the documents involved in international transactions. Provide the names and purposes of the most important documents. Analyze what are the legal requirements for these documents? Relate the use of Incoterms to import and export contracts. Considering the audience of your practical guide, include copies of documents for reference in your guide. The final part of this module's paper should address the transportation of goods. What laws govern the transportation of goods from one country to another? Analyze the roles and responsibilities of the buyer, seller, carrier and freight forwarder? Evaluate which party is liable in the event goods are damaged in transit. Interview someone from risk management at your company to obtain information related to insurance and risk management. Also, analyze how finance, documents, and logistics are affected by culture, ethics, and ecommerce. Make note of any pending regulations or laws that could affect your company in the future. Write a 2-4 page paper showing your research on finance, documentary requirements, and logistics. Include links, references, and sources you have used and follow the proper guidelines for citing legal texts. Also provide a statement regarding which specific topics related to your research would be appropriate for inclusion in the International Business Law and Practices Guidelines document you are developing. Provide a rationale for your decisions. Present your work in Microsoft Word document format. Name your file M5_A2_LastName_CourseProjectTaskV.doc and submit it to the Discussion Area by Sunday, April 9, 2017. All written assignments and responses should follow APA rules for attributing sources. Assignment 2 Grading Criteria Maximum Points Evaluated the various methods of financing and the risks of financial transactions when buying and selling goods and services to foreign countries. Analyzed what are the legal requirements for these documents. Related the use of Incoterms to import and export contracts and included copies of documents for reference in your guide. Discussed the laws that govern the transportation of goods from one country to another. Analyzed the roles and responsibilities of the buyer, seller, carrier, and freight forwarder and evaluated which party is liable in the event goods are damaged in transit. Analyzed how finance, documents, and logistics are affected by culture, ethics, and e-commerce. Made note of any pending regulations or laws that could affect your company in the future. Reviewed the responses submitted by at least two of your classmates and provided a balanced feedback, addressing the inclusion or absence of relevant clauses. Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources, displayed accurate spelling, grammar, and punctuation. Total: 88 16 12 8 8 12 12 8 8 4

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

22nd Edition

324401841, 978-0-324-6250, 0-324-62509-X, 978-0324401844

Students also viewed these Accounting questions

Question

Outline a four-step process to prevent computer waste and mistakes.

Answered: 1 week ago

Question

What are the pros and cons of online research?

Answered: 1 week ago