Summarize the impact of foreign exchange rates on the company’s financial statements.

Exporters and importers are regularly involved in the trade finance function. Examples, letters of credits and or documentary collections.In detail, and by providing examples, please discuss the differences between the two methods of trade finance, and state advantages and disadvantages of each method. Further, please set up a flow chart, depicting the movement of goods from an exporter to the importer, and the function of trade finance, as related to commercial, transport and financial documents. Finally, what is the role of the commercial banks in this process?

Identify trends, examine financial market principles and standards, make judgments, and prepare recommendations or solutions. Be sure to explore issues of diversity and ethics as related to money markets. also Assess why money markets are of interest to an accountant and why organizations should also share this same concern.

2.Explain the environmental factors that lead to national differences in accounting.   3.What are the two main legal systems operating worldwide? How might these affect accounting?   Countries that rely on capital markets for finance, as opposed to banks and governments, are likely to expect greater levels of public disclosure in their accounting systems. Evaluate this argument and provide examples.   5.Outline and discuss three cultural aspects that can differ across countries. How do these cultural differences relate to differences in accounting systems?   6.What does accounting harmonisation mean? Differentiate harmonisation from convergence or adoption.   7.Explain the bene­fits of global adoption of IFRSs.   8. Outline the key challenges of US GAAP and IFRS convergence.

Which of the following would contribute to a positive trade balance for a country? Answer 1. Having tourists visit the country 2. Importing textiles 3. Having foreign residents buy the government bonds of the country 4. Importing financial services

Describe the effects of the merchandising operation on international financial reporting standards?