Thank you for getting back to me last week so quickly. Answer was great. I have another discussion question (see attachment) and I need this no later than tomorrow (Wednesday) evening. At least 2 paragraphs per topic.

"Foreign Currency Transactions and International Financial Reporting Standards (IFRS)" Analyze the main reasons why a company might prefer a foreign currency option over a forward contract in hedging a foreign currency firm commitment. In contrast, analyze the main reasons why a company might prefer a forward contract over an option in hedging a foreign currency asset or liability. Determine the option (i.e., a foreign currency option or a forward contract) that you consider to be more effective. Provide a rationale for your response. Assume that all the companies in the world use International Financial Reporting Standards (IFRS). Determine at least two (2) obstacles to the worldwide comparability of financial statements, and provide one (1) strategy to overcome the obstacles in question. Provide support for your rationale. Your Solution Assume that all the companies in the world use International Financial Reporting Standards (IFRS). Determine at least two (2) obstacles to the worldwide comparability of financial statements, and provide one (1) strategy to overcome the obstacles in question. Provide support for your rationale. A foreign currency options have the advantage over forward contracts because the holder of the option not to implement future spot rate which can result as to be advantageous. While forward contracts, can lock a company into unnecessary loss or a reduced gain. The disadvantage associated with foreign currency options is that a premium must be paid all up front although the option available might never be implemented. Sorry for the delay, I had technical issues with the website and I was not able to log in their system for 24 hours. I change my profile: it is now https://www.coursehero.com/profile/American_Expert_Educator _4U/ Post your next questions here