ACCT 304 Week 9 Assignment 2 Foreign Currency Risk

ACCT 304 Week 9 Assignment 2 Foreign Currency Risk for $11 Only

Due Week 9 and worth 310 points

Albert, CEO of XYZ, Inc., desires to expand the company’s sales through exports to three (3) foreign subsidiaries. Albert knows that the target subsidiaries are located in countries that require transactions to be denominated in the local currencies. Albert has researched foreign currency risk and knows that there is accounting exposure in accounting statements, operating exposure in future cash flows, and transaction exposure in outstanding obligations. Albert does not understand how these risks apply to XYZ, Inc. under his proposal or if there are any mitigating risk strategies available. Albert requests you, the head of the Risk Management division, to prepare a report that he can present to the Board of Directors on the potential foreign currency risk if XYZ, Inc. expands sales into these markets. XYZ, Inc.’s reporting currency is the U.S. dollar and the subsidiaries would purchase the merchandise as inventory items.

Note: You may create and / or make all necessary assumptions needed for the completion of this assignment.

Write a three to five (3-5) page paper in which you:

  1. Specify accounting exposure, operating exposure, and transaction exposure. Determine the main financial statement effects of each type of exposure if XYZ, Inc. expands as proposed.
  2. Determine two (2) types of hedges regarding foreign exchange risk, in general, and recommend the most advantageous risk mitigation strategy for XYZ, Inc. Provide support for your rationale. Note: Refer to Chapter 9 of the textbook for more information on corporate strategies regarding hedging foreign exchange risk.
  3. Determine the main accounting assumptions underlying each currently used method (e.g., current rate method and temporal method). Determine the fundamental differences in balance sheet exposure from the application of each method.
  4. Suggest the translation method that XYZ, Inc. should use in order to minimize balance sheet exposure. Provide support for you choice.
  5. Compare the U.S. GAAP approach to the IFRS approach of translating foreign currency financial statements. Determine the main similarities and differences between the two (2) methods of translation. Assuming one (1) of the subsidiaries of XYZ, Inc. is located in a highly inflationary country, determine the appropriate translation method under FASB and provide the theoretical justification for your response.
  6. Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

  • Be typed, ddouble-spaced using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

  • Examine and prepare the accounting entries for intra-entity asset transactions.
  • Examine the impact that specific differences between IFRS and U.S. GAAP have on financial statements.
  • Explain foreign currency transactions and analyze the accounting requirements for the translation of financial statements of foreign entities.
  • Use technology and information resources to research issues in advanced accounting.
  • Write clearly and concisely about advanced accounting using proper writing mechanics.

Grading for this assignment will be based on answer quality, logic/organization of the paper, and language and writing skills, using the following rubric.

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ACCT11059 Using Accounting for Decision Making

ACCT11059 Using Accounting for Decision Making in $15 OnlyACCT11059 Using Accounting for Decision Making

Read Chapter 8, Study Guide (‘We Have Got to Make Some Decisions’).
Have you got the idea of how to do your SPAs now? The key is to focus on your own reactions and responses to the reading. Don’t just give the marker what you think they might want to hear. We do not want anything; we want to hear what you think about the concepts of budgeting in the reading, and why.
This is so interesting to us. You can bring your own perspectives and reactions. And as we read your SPA we can learn from you; and find out what you think, and why.
While you are reading this chapter, note on your laptop, or on a piece of paper or on your copy of Chapter 8, key concepts that occur to you. That’s right; just write them down as you go along. Also, include any questions that occur to you as you are reading. What do you find confusing, difficult to understand or believe, boring, exciting or surprising? Then include a summary of your key concepts and questions (KCQs) in your SPA#3.
Make sure you use the words “I” and “me” a lot in your SPA#3. Different people will have different reactions to the readings. Tell me what your reactions actually are. This is what I am interested in. Do not tell me what you think I might want to hear. Be genuine and honest in your reactions to the readings. Give me something of yourself in your SPA#3.
Please submit your SPA#3 as a Word document.
Please allow 100 – 120 minutes to complete your SPA#3.

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If you need any type of help regarding Homework, Assignments, Projects, Case study, Essay writing or anything else then just email us at [email protected] We will get back to you ASAP. Do not forget to maintain the time frame you need you work to be done.

ACCT 550 Course Project Latest 2015

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Free Sample Answer Given Below.

The objective is to prepare a comprehensive balance sheet and single-step income statement presented in good form and derived from a list of various accounts. The amounts relative to each account will be given and the student will learn to determine whether an account is a balance sheet account or a temporary account that belongs to the income statement. The accounts will be comprised of all the various subgroupings in the balance sheet (current assets, investment, fixed assets, intangibles, and other assets, as well as current liabilities, long-term liabilities, and the equity sections). Guidelines include the following.

  • Obtain the list of accounts under the section Course Project Listing of Accounts.
  • Determine which accounts belong to the balance sheet and which accounts belong to the income statement.
  • Determine to which subgroup each account belongs.
  • Arrange the accounts in proper order and functionality.
  • Prepare a comprehensive balance sheet in good form.
  • Prepare a single-step income statement in good form.
  • Put the Course Project in the Dropbox for the project in Week 8.

ACCT221 Exam MCQ and Essays

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ACCT221 Exam MCQ and Essays

A $100,000 mortgage note was created, and the note entailed equal monthly payments of $2,500. The interest rate is 1% per month. How much interest expense is associated with the second month?

A. $985.

B. $1,000.

C. $1,515.

D. $2,500.

E. None of these.” A

2. “(Multiple Choice)

The effective interest method of amortization:

A. is required, even if it achieves results similar to the straight-line method.

B. results in a level amount of interest expense over the life of a bond.

C. causes interest expense to be a constant percent of the carrying value of a bond.

D. will never produce results similar to the straight-line method.

E. None of these.” C

3. “(Essay)

On January 1, 20X6, Brogden Corporation issued at 97 plus accrued interest, two hundred of its ten-year, 8%, $1,000 bonds. The bonds are dated October 1, 20X5. Interest is payable semi-annually on April 1 and October 1. Accrued interest for the period October 1, 20X5 to January 1, 20X6 amounted to $4,000. What amount should Brogden record for bonds payable (net of related discount) on January 1, 20X6?” 194000 (Hint: the answer is a number)

UMUC ACCT 427 Exam 1

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UMUC ACCT 427 Exam 1 Latest 2015 October

Exam # 1

Advanced Auditing

ACCT 427-6980

Spring 2015

Name: Date: ______________________

1. This is the phase of the audit during which audit risks are preliminarily assessed and audit procedures are designed to address assessed risks. The objective is to make preliminary decisions about the nature, timing, and extent of audit procedures to be performed.

This is called _____ _________________________.

2. Matters such as industry competition, supplier and customer relationships, technological developments, general economic conditions and other matters that affect a particular industry.

ACCT 504 Final Exam (Three Sets of Exams)

ACCT 504 Final Exam (Three Sets of Exams) in $39

ACCT 504 Final Exam (3 different finals)

1. (TCO A) Which one of the following is an advantage of corporations relative to partnerships and sole proprietorships? (Points : 5)
Reduced legal liability for investors
Harder to transfer ownership
Lower taxes
Most common form of organization

2. (TCO A) When a corporation distributes a dividend, _____. (Points : 5)
the most common form of distribution is a cash dividend
the Dividends account will be increased with a credit
the Retained Earnings account will be directly increased with a debit
the Dividends account will be decreased with a debit

3. (TCOs A, B) Below is a partial list of account balances for Cerner Company:

ACCT 212 Sample Final Exam

ACCT 212 Sample Final Exam (Get answer in $15 only)

  • (TCO 3) At the end of the period it is necessary to close all temporary accounts. (1) Explain why this process is required (10 points) and (2) provide an example of the closing of an expense account, Salary Expense in the form of a journal entry.
  • (TCO 2) As required to complete Course Project 1, one must follow the cycle that includes 10 steps to complete the accounting cycle. (1) Explain how the debit/credit rules are used when developing journal entries (10 points) and (2) provide an example of the application of the debit/credit rules in the form of a journal entry.
  • (TCO 5) Internal Control Procedures are required to safeguard company assets and to ensure ethical operation of the business. (1) Explain how limited access can satisfy the purpose of internal control (10 points) and (2) provide an example of how this control could be implemented.
  • (TCO 4) Inventory valuation methods determine the cost of goods sold and the inventory balance. (1) Explain how the First in First out (FIFO) method is applied (10 points) and (2) provide an example of the impact that this method of inventory valuation will have on Gross Profit.
  • (TCO 1) To evaluate the financial operation and health of a business ratio analysis is used. (1) Provide the formula for the Current Ratio and explain how it is computed and (2) provide an example of how this ratio can be used in decision-making in business.
  • (TCO 6) BagODonuts Company bought a used delivery truck on January 1, 2010, for $19,200. The van was expected to remain in service 4 years (30,000 miles). BagODonuts’ accountant estimated that the truck’s residual value would be $2,400 at the end of its useful life. The truck traveled 8,000 miles the first year, 8,500 miles the second year, 5,500 miles the third year, and 8,000 miles in the fourth year.
  • Calculate depreciation expense for the truck for each year (2010-2013) using the:
    a. Straight-line method.
    b. Double-declining balance method.
    c. Units of Production method.
    (For units-of-production and double-declining balance, round to the nearest two decimals after each step of the calculation.)