why customs and compliance understanding and knowledge is important to Canadian importers and exporters.

Q: The United States often links its trade policy with its foreign policy. Do you agree with this? What…

A: Trade policy can be defined as rules and regulations of a country that are formulated in line with…

Q: why do exporters and importers use bill of exchange?

A: A bill of exchange is a written order that binds one party to pay another party a predetermined sum…

Q: under what circumstances can how an international company can use 'leads and lags' to protect itself…

A: Foreign exchange risk is the risk that the firm may have to face loss due to change in foreign…

Q: What makes a custom broker qualified to complete their service? Any employee of the Canada Border…

A: Canada Border Services Agency set rules for customs in Canada.

Q: methods for mitigating risks associated with the analysis of foreign financial statements.

A: A company's financial statements contain the income statement, statement of financial position, cash…

Q: Which of the following statements is true of foreign trade zone? It is an area through which…

A: The foreign trade zone is separate, encased, and policed region controlled as an open utility,…

Q: Why there is a need for exporters to understand “International Commercial Documents” which directly…

A: In international trade, a number of documents are created to protect both parties from  counter…

Q: ways to mitigate risks when analysing foreign financial statements.

A: The financial statements of a firm includes income statement, statement of financial position,…

Q: what is Accounting for Foreign Currency Transactions

A: A transaction is said to be a foreign currency transaction when such transaction takes place between…

Q: What is the intention of the Financial Market Authority creating Memorandum of Understanding…

A: Memorandum of Understanding (MOU) A memorandum of understanding (MOU) is a document that defines the…

Q: Comparison with the Corporate Governance System in Malaysia and Switzerland (similarities and/or…

A: Corporate governance system lay down all the rules, guidelines, and regulations for the companies to…

Q: What causes balance sheet (or translation) exposure to foreign exchange risk? How does balance sheet…

A:

Q: What is foreign trade balance?

A: Answer: A foreign trade balance is nothing but the net dollar value of commodity exports minus…

Q: If a U.S. company makes a credit sale to a foreign customer required to make payment in U.S.…

A: Exchange gain or loss arises when the actual payment/receipt exceeds/declines at the time of the…

Q: How mining industries record the assets, liabilities, provisions and foreign exchange transactions…

A: Accounting is the method of recording a company's financial transactions. Accounting is the process…

Q: Discuss ways to mitigate risks when analysing foreign financial statements.

A: FS analysis is a subset of business analysis that involves evaluating a firm's business environment,…

Q: What the name of sender and receiver of quotation letter in foreign trade

A: Foreign trade seems to be the exchange of goods and services across two or more nations. It takes…

Q: What is the importance of non-verbal communication when negotiating with other countries?

A: Non-verbal communication indicates communication through expression through face, eyes, gestures and…

Q: What is the implication of AMLA in the international business?

A: The Anti-Money Laundering Act or the AMLA is a regulatory act that is implemented by the authorities…

Q: As a common people in the republic in the Philippines is it necessary for us to know the process and…

A: Foreign exchange rate is referred as the exchange value, which is between the currency of two…

Q: What explains the continuing trade surplus in services for the United States?

A: Trading activities would be considered as countries exchanging the goods and services beyond the…

Q: A promise to pay the face amount of the draft to whomever presents it for payment made by banks to…

A: Commercial paper is a form of unsecured short term debt to finance the short term needs of the…

Q: Oman is involved in import and exports of goods through the different parts of the world. Which of…

A: The correct answer is a. Banker' Acceptance.

Q: Identify a product that  would be interested in importing and selling here in the U.S.   What is…

A: Solution is given here below.

Q: Advise management the different hedging strategies that can be employed by a company  against…

A:

Q: What are the consequences of accounting for foreign currency translation on financial statement…

A: Introduction:   According to IAS 21, if an entity has an activity in a foreign nation, its financial…

Q: How do you determine and calculate return and risk on foreign exchange transactions

A: Foreign exchange transactions are those transactions which are undertaken between citizens of one…

Q: Define Foreign trade deficit

A: Trade deficit occurs during international transactions between different countries. The trade…

Q: characterize foreign currency transaction risk, including accounting for and disclosing profits and…

A: You must use an international commerce channel if you wish to purchase or sell anything in another…

Q: Companies that compete in an international marketplace may be faced with three types of risk owing…

A: Foreign exchange risk is defined as the type of the risk, which is actually possibility of the…

Q: describe foreign currency transaction exposure, including accounting for and disclosuresabout…

A: International trade is the mechanism through which the goods and services of one country are bought…

Q: Companies conducting business outside their country's borders are required to translate the results…

A:

Q: What are the challenges or risk when analysing foreign financial statements.Discuss with some…

A: Financial statements can be defined as the formal record maintained in order to evaluate the…

Q: what are implications for analysis of financial statements that result from the accounting for…

A: As per IAS 21 if any has an operation in a foreign country then the financial statements of such an…

Q: What is an IPS account and how it used to trade government security?

A: IPS Accounts refers to custodial accounts. These accounts helps the customers in maintaining the…

Currency Market

The currency market, also known as the foreign exchange market, consists of currencies worldwide. This market determines the rate of all currencies based on the buying and selling of forex. It is an over-the-counter market. It is the largest and most liquid market based on trade volume.