This chapter include objectives: Understand the importance of international transactions for the australian economy; read, interpret and use foreign exchange rates; understand the roles of interest rates and inflation rates in exchange-rate determination; understand the empirical evidence on the behaviour of exchange rates;…
This chapter covers the measurement and interpretation of all international transactions between one country and the rest of the world: that is, the balance of payments. The main goals of the chapter are to: Explain how the double-entry bookkeeping system of measuring Balance of Payments (BOP) works with reference to the IMF standard balance of payments, outline the specifics of Australia’s balance of payments, establish the importance of BOP for international companies.
The measurement of all international
transactions in and out of a country over a
year is a difficult task
Mistakes, errors, and statistical
discrepancies will and do occur
Current and capital account entries are
recorded independent of one another, not
together as this accounting method would
The service sector accounts for more than 70 percent
of the gross domestic product (GDP) of advanced
industrial economies. Though trade in services is difficult
to calculate and many transactions still go uncounted,
current estimates place the worth of such trade as at least
$2.5 trillion, or about a third of total world trade.
For the United States, the world’s most advanced industrial
economy, the service sector looms even larger. Services
account for almost 80 percent of U.S. production and U.S.
employment (while manufacturing accounts for 19 percent
Oracle Database seems complex on the surface. However, its extensive feature set is really built upon upon a core infrastructure resulting from sound architectural decisions made very early on that have stood the test of time. This core infrastructure manages transactions and the ability to commit and roll back changes, protects the integrity of the database, enables backup and recovery, and allows for scalability to thousands of users all accessing the same data.
Chapter 9 "Currency Swaps" lecture International financial management introduce to you the content: The swap bank, swap transaction, an example of a currency swap. Invite you to refer to the lecture content more learning materials and research.
Chapter 10 "Transaction Exposure" lecture International financial management. There are three types of exposures: Transaction exposure, Translation exposure, Operation exposure. Invite you to refer to the lecture content more learning materials and research.
Chapter 4 - Understanding income statements. This chapter describe the components of the income statement and alternative presentation formats of that statement; describe general principles of revenue recognition and accrual accounting, specific revenue recognition applications (including accounting for long-term contracts, installment sales, barter transactions, gross and net reporting of revenue), and implications of revenue recognition principles for financial analysis;...
Chapter 2 - Financial reporting mechanics. This chapter explain the relationship of financial statement elements and accounts, and classify accounts into the financial statement elements; explain the accounting equation in its basic and expanded forms; describe the process of recording business transactions using an accounting system based on the accounting equation;...
This chapter distinguish among presentation (reporting) currency, functional currency, and local currency; describe foreign currency transaction exposure, including accounting for and disclosures about foreign currency transaction gains and losses; analyze how changes in exchange rates affect the translated sales of the subsidiary and parent company;…
Learning objectives of this chapter include: Explain why many firms invest in foreign operations; explain why foreign investment is different from domestic investment; describe how capital budgeting, in an international environment, is similar to or dissimilar from that in a domestic environment; understand the types of exchange-rate exposure and how to manage exchange-rate risk exposure;...
When you finish this chapter, you should: To understand the various business activities and business decisions that are made, to decide on the information that is needed for various decisions, to review the steps in the accounting cycle, to understand the principles of internal control.
Lecture "International accounting - Chapter 1: Recording business transactions" has content: Explain accounts, journals, and ledgers as they relate to recording transactions and describe common accounts, define debits, credits, and normal account balances, and use double-entry accounting and T-accounts, list the steps of the transaction recording process Journalize and post sample transactions to the ledger, prepare the trial balance from the T-accounts.
This version includes amendments resulting from IFRSs issued up to 31 December 2008. IAS 17 Leases was issued by the International Accounting Standards Committee in December 1997. It replaced IAS 17 Accounting for Leases (issued in September 1982). Limited amendments were made in 2000.
IFRIC 11 IFRS 2 - Group and treasury share transactions was developed by the International Financial Reporting Interpretations Committee and issued by the International Accounting Standards Board in November 2006.
This version includes amendments resulting from IFRSs issued up to 31 December 2008. SIC-27 Evaluating the substance of transactions involving the legal form of a lease was developed by the Standing Interpretations Committee and issued in December 2001.
This version includes amendments resulting from IFRSs issued up to 31 December 2008. SIC-31 Revenue - Barter transactions involving advertising services was developed by the Standing Interpretations Committee and issued in December 2001.