discuss the prospects and consequences of trade protection, citing relevant and recent examplesI)

Q: Describe several tariff and nontariff barriers to trade

A: What are tariff barriers  These are government induced barriers on international trade. These…

Q: What follows is a very explicit discussion of like-kind exchanges under IRC provisions?

A: Section 1031 of IRS  refer to the exchange of one financial property for another that allows…

Q: (c) Show clearly how the trade payables should be recognised initially and how the subsequent…

A: Entity 2 purchased a specialist machine from a US Supplier on 1st Jan 2021. The price of the machine…

Q: what are the requirements for registration for TMCs/TAs with the Securities and Exchange Commission

A: Securities and Exchange Commission means the board which control all the activities of a company .…

Q: What is over-the-counter (OTC) trade?

A: It is an electronic communications network which permits the investors to sell and buy the stocks.…

Q: Discuss the primary differences between U.S. GAAP and IFRS with respect to investments.

A: GAAP: It is the standard guidelines that are commonly used for financial reporting. These guidelines…

Q: What are retakaful and reinsurance and how takaful products can be used for hedging purposes?

A: Retakaful and reinsurance : In simple words, The Muslim reinsurance sector is referred to as…

Q: what does it mean by " How secure are documentary payment terms" in international trade?

A: International trade refers to exchange of the services and the goods between nations. Consumers and…

Q: ill of exchange important? Why

A: Bill of exchange is some sort of promise to other that he will pay the given amount on a given date…

Q: Understand important international issues that arise in transfer pricing.

A: Transfer pricing:   Transfer pricing refers to the setting of prices for goods and services that are…

Q: Explain how documents or drafts method is the most less risky method of making trade payments

A: Draft method of trade payments is a type of exchange money in which an exporter is paid for its…

Q: Briefly discuss the differences between (A) adoption of IFRS by the U.S. Securities and Exchange…

A: IFRS stands for International Financial Reporting Standards are the set of standards designed with…

Q: Describe the FASB–IASB convergence process and SEC recognition of IFRS.

A: IASB: International Accounting Standards Board is abbreviated as IASB.  IASB is the organization…

Q: Analysing the likely reasons why the USA has not yet fully adopted IFRS

A: International Financial Reporting Standard (IFRS) : Intended to make financial statements of…

Q: What is meant by fair trade

A: Fair-trade is an agreement between a buyer and seller, in which seller has to provide good working…

Q: what does the voting rights of the Exchange mean?

A: Shareholder voting indicates the privilege given to shareholders to take part in the decision making…

Q: (Based on Appendix 9) Define purchase commitments. What is the advantage(s) of these agreements to…

A:

Q: What are the requirements for an instrument to be negotiable?

A: Introduction: The following are the formal requirements that an instrument must meet to be…

Q: What is exchange risk, as distinct from exposure?

A: Foreign exchange risk or foreign exchange exposure refers to the financial risk associated with a…

Q: nstrument is used by the exporter and nporter to fulfill their short term nancial requirement?

A: Banks provide credit to the business for import and export.

Q: Define purchase commitments. What is the advantage(s) of these agreements to buyers?

A: Purchase Commitments refer to the commitments or contract made by a company with its suppliers to…

Q: Explain the mode of delivery in foreign contracts.

A: It is defined as the delivery as a part of the contract of trade between the seller and the buyer.…

Q: Trade and other payables includes what?

A: The balance sheet is the financial statements of the business that show the assets and liabilities…

Q: In what ways do exchanges reduce contracting costs and risks?

A: 1) Contracting Cost: Whenever a company or an entity enters into a contract with the customer or any…

Q: Describe required fair value disclosures.

A: Accounting is primarily concerned with identifying, recording, measuring, summarizing transactions…

Q: What criteria must an instrument meet to be negotiable?

A: Following are the formal requirements that an instrument must meet to be negotiable: Must be in…

Q: Discuss the features that differetiateorganised exchanges from the over-the-counter market

A: the question is based on the concept of stock exchange trading mechanism and over the counter…

Q: Define trade credit

A: Trade refers to the buying and selling of the goods and services. Trade can be between business to…

Q: EXPLAIN THE MODE OF PAYMENT IN FOREIGN CONTRACTS.

A: A foreign exchange contract is a legal arrangement in which the parties agree to exchange a defined…

Q: Why is the FASB Codification Project so important to the U.S. adoption of IFRS? What is the status…

A: IFRS termed as International Financial Reporting Standards which are the accounting standards issued…

Q: Explain the meaning of a "trade balance"

A: Answer: Trade Balance is basically the difference between the country's imports and exports. It is…

Q: Define Historical exchange rates

A: exchange rates: value of one currency for the purpose of conversion into another currency.

Q: What transactions do you prefer to use negotiable instruments?

A: Negotiable instruments are written contracts whose benefit could be passed on from its original…

Q: Evaluate whether IB can charge fee on extending commercial guarantee.

A: An introducing broker(IB) are the brokers in the future market who have a close connection with the…

Q: Briefly discuss the differences between (a) adoption of IFRS by the U.S. Securities and Exchange…

A: There are two possible paths for the United States to align the U.S Generally Accepted Accounting…