Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Urgent Help Please Subject Assignment: Accounting capstone: You have been requested by Frontier Co-Op to lay out a strategy to expand into India with Seasonings

Urgent Help Please

Subject Assignment: Accounting capstone:

You have been requested by Frontier Co-Op to lay out a strategy to expand into India with Seasonings India Company. Specifically, you will need to report on how GAAP in India (the Indias GAAP, not IFRS) is different than US GAAP and what difficulties that may present. Address what requirements that your assigned country may have for people to go into the accounting field (that is, whether or not there are any specific professional practice requirements within the country). Also, you must address any ethical situations you foresee that may have to be dealt with if the global partnership is pursued. Project desc International Project Context You work for Frontier Co-Op in North Liberty and you and some co-workers have been asked to visit a herbs/spices business located in a foreign country. On your trip, you will meet with executives for three days (February 13-15) for business meetings to explore the possibly expand Frontiers global partnerships. The specific company and country will be assigned to your group and your administrative assistant team prepared materials for you. They have provided all of the elements of travel for you (airfare, public transportation, hotel, list of local restaurants) as well as has researched and provided you information on local customs and culture. You will be given the following information that has been prepared for you: A travel checklist of things that need to be completed (with dates before departure in a timeline feature) for members. Include important dates for documentation and all travel arrangements. A customized Travel Profile. A multi-page Itinerary for each individual with travel information and possible backup plans. Include travel from lodging to business and back each day. Tips include a backup plan for public transportation outside of airport travel.

An Excel Spreadsheet to keep track of the budget including any insurance coverage needed to travel abroad and other allowances for dining, tipping, and necessities. A booklet with a table of content (hyperlinked) on the information you need to know: travel checklist (post-COVID) with current regulations on health and international travel requirements (registering with US State Department), currency exchange, business customs, tipping customs, travel nuances, dining etiquette, suggested list to pack (and not to pack), time change information, a page of phrases necessary for communicating with locals, and any additional information about that country that is necessary to know prior to traveling. Country Link to Company Information Link to Travel Booklet and Other Documents Other Cultural Information India Seasonings India Company Admin Documentation India Brazil BSB Commodities Consultoria E Intermediacao Ltda Company Admin Documentation Brazil China Jiangsu e.Funs Import & Export Co., Ltd. Company Admin Documentation China Assignment You have been requested by Frontier Co-Op to lay out a strategy to expand into your assigned country. Specifically, you will need to report on how GAAP in that country (the countrys GAAP, not IFRS) is different than US GAAP and what difficulties that may present. Address what requirements that your assigned country may have for people to go into the accounting field (that is, whether or not there are any specific professional practice requirements within the country).

Also, you must address any ethical situations you foresee that may have to be dealt with if the global partnership is pursued. Other issues you may need to address are: What is the entrepreneurial culture in the country? What cultural barriers might you run into? What major institutional barriers must you expect to deal with? Can you easily hire good workers and for those who dont work out, can you fire them? What will be involved to be able to provide high-speed internet service? What are the financial markets like? Is the banking system accessible? What other barriers might you face?

The report should be 10 - 12 pages long with supporting materials as appendices, if necessary (note that supporting materials should NOT be included in the body of the report). In addition, each team is responsible for a 10 - 15 slide PowerPoint presentation to be used to report the highlights of the findings to their superiors upon their return from their trip (it does not need to be narrated). Both the paper and the PowerPoint slides must be submitted for your grade and both should include references and be in proper APA format.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Quality Management System A Planning And Auditing Guide

Authors: Walter Willborn

1st Edition

083113013X, 978-0831130138

More Books

Students also viewed these Accounting questions

Question

5. Outline the predictable stages of most relationships

Answered: 1 week ago