Objective of the assessment:

Describe and explain the reason for the diversity in accounting practice around the world. Explain the concepts and accounting issues involved in recording and reporting a variety of frequently occurring international transactions

Discuss the nature and importance of import/export documentation, foreign exchange mechanisms, overseas inflation and the assistance provided by government and non-government agencies

QUESTION:

Companies face many risks in day to day business operations.

Discuss some of the key risks that Australian companies with overseas operations are exposed to

Globe International is an example of an Australian headquartered multi-national company. With reference to Globe International, discuss how the risks discussed above impact the company and the steps the company takes to mitigate these risks.

Identify and discuss some of the key grants and support the Australian Government offers to Australian companies who export.