International Financial Management - 5022 Words

EXAMINATION PAPER OF INTERNATIONAL FINANCIAL MANAGEMENT Section A: Objective type Part One: 1). Foreign exchange market in India is relatively very Answer: b). Small 2). Balance of payment is a systematic record of all ___________ during a given period of time. Answer: c). Economic Transactions 3). Merchandise trade balance, services balance balance on unilateral transfer are the part of _________ account. Answer: a). Current Account 4). Interest rate swaps can be explained as an agreement between ___________ parties Answer: b). Two 5). Capital account convertibility in India evolved in August Answer: c).1994 6). Interest rate parity is an economic concept, expressed as a basic algebraic identity that relates Answer: b).†¦show more content†¦This led to the devaluation of national currencies and a decline in world trade. This breakdown in international monetary cooperation created a need for oversight. The representatives of 45 governments met in the Mount Washington Hotel in the area of Bretton Woods, New Hampshire in the United States, and agreed on a framework for international economic cooperation to establish post-World War II. The participating countries were concerned with the rebuilding of Europe and the global economic system after the war. During 1940, Harry Dexter and John Maynard Keynes put forward proposals for a system that would encourage the unrestricted conversion of one currency into another, establish a clear and un equivocal value for each currency and eliminate restrictions and practices such as competitive devaluations. After much negotiations in the difficult wartime conditions, the international community accepted the system and an organization was formed to it. Members Administration The IMF began operations in Washington DC in May 1943. It then had 39 members. Presently the members of the IMF are 188. Any country may apply to be a part of the IMF. Post-IMF formation, in the early postwar period, rules for IMF membership were left relatively loose. Members needed to make periodic membership payments towards their quota, to refrain from currency restrictions unless granted IMF permission, to abide by the Code of Conduct in the IMFShow MoreRelatedInternational Financial Management5028 Words   |  21 PagesEXAMINATION PAPER OF INTERNATIONAL FINANCIAL MANAGEMENT Section A: Objective type Part One: 1). Foreign exchange market in India is relatively very Answer: b). Small 2). Balance of payment is a systematic record of all ___________ during a given period of time. Answer: c). Economic Transactions 3). Merchandise trade balance, services balance balance on unilateral transfer are the part of _________ account. Answer: a). Current Account 4). Interest rate swaps can be explainedRead MoreInternational Financial Management9731 Words   |  39 Pagesinflow of foreign currency. a. True b. False ANS: T PTS: 1 93. Forward contracts are the best technique for managing exposure arising from project bidding. a. True b. False ANS: F PTS: 1 94. The currency futures markets are regulated by the International Monetary Fund. a. True b. False ANS: F PTS: 1 95. It is possible to have an opportunity loss when using futures to hedge. a. True b. False ANS: T PTS: 1 96. Margin is used in the forward market to mitigate default risk. a. True b. False ANS:Read MoreMicrosofts International Financial Management: An Analysis1234 Words   |  5 Pagesand innovation. This is a sign of how the firm has established a large international presence around the globe. (Microsoft, 2013) (Fact about Microsoft, 2013) To fully understand what is happening requires focusing on the way the investment banking process assisted them, the regulatory bodies affecting their decisions and identifying / evaluating contemporary issues they are dealing with in international financial management. Together, these elements will highlight how the company was able toRead MoreAs Assessment of Financial Management in International Business2698 Words   |  11 Pagesoperating of financial management in different nations impacts investment decisions with multinational enterprise. Paper describes financial options available to the foreign subsidiary of the multiple enterprises and shows how money management in international business can be used to minimize cash balances, and taxation and introduce us to basic methods of money management. This project is focusing on financial management in the international business, discussing three sets financial decisions suchRead MoreWhy Is It Important For Study International Financial Management?1928 Words   |  8 PagesWhy is it important to study international financial management? In our globalized world, it is crucial for the international companies understand the complexity of the international financial management that shape the size and the rank of each multinational company in a very aggressive competitive market. 2. How is international financial management different from domestic financial management? International finance treats the financial movements on the global scale, while the domestic finance focusesRead MoreInternational Financial Management : Maple Leaf Inc.1831 Words   |  8 Pages INTERNATIONAL FINANCIAL MANAGEMENT MAPLE LEAF INC. INSTRUCTOR: PROFESSOR RAYMOND COX GROUP HEDGER INC SUNKANMI ODUFUWA JERALD ZAKALL Maple Leaf Inc. Method 1 - Unhedged Cross Exchange Rate (Risky) (GBP) 30,000,000 = (GBP)30,000,000 x 1.762(USD/GBP) = (USD)52,860,000 (T=0) (GBP) 30,000,000 xRead MoreEssay about International Financial Management: Key Answers606 Words   |  3 Pageslarge agency problems. 2. Comparative Advantage. a. Explain how the theory of comparative advantage relates to the need for international business. ANSWER: The theory of comparative advantage implies that countries should specialize in production, thereby relying on other countries for some products. Consequently, there is a need for international business. b. Explain how the product cycle theory relates to the growth of an MNC. ANSWER: The product cycle theory suggestsRead MoreThe International Financial Reporting Standards1487 Words   |  6 Pages This report aims to provide the executive directors and senior level management, of Fujitsu with a condensed insight into the potential use of the International Financial Reporting Standards (IFRS), as a substitute method of â€Å"corporate disclosure to its’ current reporting standards (GAAP)†, (American Institute of Certified Public Accountants, 2014). This report will analyse the primary benefits and limitations of adopting the IFRS as one of many accounting standards, thus ultimately aiming to provideRead MoreU.s. Accounting Practices Can Cause Complications1060 Words   |  5 PagesUnion and around the world claim that had the U.S. followed International Financial Reporting Standards, instead of U.S. GAAP, these debacles might never had happened. For many years, the accounting profession had faced several challenges developing a set of guidelines that would be generally accepted and universally practiced around the globe. In more recent years, more than 100 count ries around the world, have adopted International Financial Reporting Standards in order to settle on a common worldwideRead MoreInternational Accounting Standards Board ( Iasb )1543 Words   |  7 PagesInternational Accounting Standards Board (IASB) The international Accounting Standards Board (IASB) is an independent, private sector that develops and approves the body of the International Financial Reporting Standards (IFRS). The IASB manages and controls the IFRS foundation. The IASB has a group of 14 members who operates and manages the IFRS through daily meetings, community engagements, and speeches about the IFRS. These members are experts in accounting standards, preparing, auditing, financial

Essay on Legal Aspects of Fire Protection - 587 Words

The use of social media within the fire service is a controversial civil issue in which parties on both sides may feel as though his or her rights have been violated. Many fire and emergency services organizations, nationwide have established policies that prohibit and/or restrict the use of social media by employees, due to the growing problems associated with its use. Social networking is a relatively new issue to the legal system with judicial opinions that vary in wide degree. Social networking has become a tool that can convey a positive or negative image upon a fire department, therefore posting must be performed in good taste as to not convey negative public opinion upon the fire department and its members. A social media post that†¦show more content†¦A legal opinion on a social networking site may be viewed favorably, as was the case in Hampton, Virginia, where a sheriff’s department employee was terminated for â€Å"liking† his boss’s opponent during a recent election (Knibbs, 2013). â€Å"In 2012, The U.S. District Court of Eastern Virginia didn’t buy their argument that the termination violated their First Amendment rights, and dismissed the case; however an appeals judge viewed the case differently and awarded in favor of the employee (Knibbs, 2013). The likely reasoning in this case was the social media posting caused no harm to any party and the employees right to free speech was infringed upon as his boss did not like his support of his opponent in the election. The larger issue was likely the right to vote or support a candidate rather than the social media post. Fire and emergency services regulation of social media use does not violate a person’s right to free speech. Policies are created to protect the department and its members from negative public opinion and the possibility of legal recourse from the postings. A person has the right to privacy and information, such as health information, social security numbers, and so on, is protected under state and federal laws. One who chooses to post on social media should consider the impact such a post may have on his or herself, the department, as well asShow MoreRelatedEssay about Legal Aspects of Fire Protection1170 Words   |  5 Pages Legal issues are a necessary function of the fire service as with any business, therefore long term strategies must be established that ensure compliance with mandated regulations and laws. The legal issues a fire department may face can fill volumes of books, perhaps even a library, however a plan of action must be established to avoid legal repercussions for the fire department and/or its members. Common legal issues should be addressed within the fire department standard operating guidelinesRead MoreLegal Financial Aspects That Will Affect The Start Up Of My Business Essay1346 Words   |  6 PagesUnit 36 Task 3 - Legal financial aspects Description of the legal aspects that will affect the start up of my business 1)Legal status My business will be a partnership This means that there is more than one person own the company and have managed right. The advantage is you can trust each other and split the work duty equally between three for us. The drawback of being your own boss is when you distraction by personal matters and your business will crash. 2)legal liabilities My business willRead MoreBusiness Feasibility Study1054 Words   |  5 Pagesï » ¿Finance Aspect in Business Feasibility Studies Financial feasibility can be judged by the total estimated cost of the project, financing of the project in terms of its capital structure, debt equity ratio and promoter’s share of total cost, existing investment by the promoter in any other business and projected cash flow and profitability. Financial feasibility study determines how much start-up capital is needed as well as sources of capital and returns on investment. It is an analysis of theRead MoreThe Syrian Conflict Of 20111598 Words   |  7 Pagesrebel forces. As a result, innocent civilians, in particular civilians of Aleppo, and humanitarian workers are victims to bombardments. In September 2016, Secretary John Kerry negotiated a cease-fire agreement between the United States and Russia, in order to allow aid convoys to provide relief. The cease-fire agreement was supposed to apply to Russia, Syria and the United States. However, on September 19, 2016 eighteen out of thirty-one convoys were attacked by an airstrike. The attack resulted inRead MoreRole of Shareholders1038 Words   |  5 PagesIn this assignment we are going to explain the role of shareholders, directors and partners in the different types of business; and then we will see the importance of legal constraints on decision making within business organisations. 1- THE ROLE OF THE SHAREHOLDERS: There are no shares in the sole trader and partnership ownership; that is why shareholders do not apply in these two types of businesses. In Private Limited Companies, there must be at least two shareholders but no maximum numberRead MoreLevel 2 Reflective Account - Health and Safety Essay668 Words   |  3 PagesPractice and conduct, with the Legal and Organisational requirements, and procedures. Before I start work, I ensure that the environment is spacious to avoid any accidents. By ensuring that the floor is dry and clear of any obstruction or material that could result to risk of an accident to both the service user and member of staff in line with Health and Safety first Aids Regulations 1987. I carry out checks on the residential areas and on the surroundings, fire checks and parked the wheelchairsRead MoreEssay about Assessment 2 Ptlls1666 Words   |  7 PagesName: Janet Clements (janetclementsassociates@sky.com) | Course: Ptlls 2012 | Assessment Question 2Summarise the current legislative, regulatory requirements and professional codes of practice, including the Equality Act, Data Protection Act, Health and Safety Act and Safeguarding Act and any other legislation that you have to comply with when teaching in your specialist area.   | Outcomes assessed: U5: 1.1 | Para | Answer | 1.0 | Detailed below is a summary of the legislative and regulatoryRead MoreStandards For Wright Aircraft Corp1470 Words   |  6 PagesIncident response 13 Personnel security 13.1 Newly hired personnel, third parties, vendors Personnel screening Terms of employment Acknowledgement 13.2 Exit process for users 13.3 Ongoing training 13.4 Disciplinary processes 14 Legal and regulatory issues 14.1 Legal processes 14.2 Notices Logon banner Email signatures 14.3 Copyrights and licenses 14.4 Export controls 15 Malware 16 Audit logs 16.1 Requirements setting 16.2 Audit log rules 16.3 Analysis of audit logs 17 Encryption managementRead MoreHumanitarian Crisis : Icrc And Msf s Safety Compromised1487 Words   |  6 PagesHumanitarian Crisis: ICRC and MSF’s safety compromised due to Syrian Conflict Introduction In September 2016, Secretary John Kerry negotiated a cease-fire agreement between the United States and Russia, in order to allow aid convoys to provide relief. However, on September nineteenth, 18 out of the 31 convoys were attacked by an airstrike. The attack resulted in the death of 21 civilians and one Syrian Arab Crescent member (Hennessy-Fiske, 2016). Some immediately assumed Russia was responsible andRead MoreFramework Directive For The Safety And Health Of Workers At Work974 Words   |  4 Pagesdeals with the ‘introduction of measures to encourage improvements in the safety and health of workers at work’. In February 1988 the European Parliament invited the Commission to establish a framework for more detailed directives dealing with all aspect of health and safety at work. This directive is the response of the Commission. The reasons for the FD are contained in a series of statements. The most important are interpreted and listed below: †¢ The FD is founded on Article 118A of the Treaty

Two Strong and Brave Women Essay Example For Students

Two Strong and Brave Women Essay â€Å"The best gift I ever survived† by Stacey Kramer, is a touching video. Her story had a strong power and big faith of a survivor after fighting with brain cancer. Her words were able to touch our hearts and lift our spirits up. Throughout the story, she did not either say anything that made the audiences to feel sorry for herself or mention how painful she had been through. However, she surprised us to consider her brain tumor as a gift, which has changed her life tremendously. Stacey Kramer was successful to point out a lot of positive thoughts from her circumstance. She did not see her sickness a curse of her life; she looked at it as an opportunity when she felt love, caring, support from her family and friends. When she was sick and panic, she did not know what was going to happen next. She valued every single thing. There was no time for argument, for hate, but she appreciated good relationships, reconnected broken ones, and built up new ones. She realized that she had missed precious things that she took for granted from this gift. Stacey has brought a new vision to each of us. Sometimes, we pursue money and material life that are very tempting to us. Therefore, we work hard to possess it. When sickness happens to us, we realize which is really the most important to us â€Å"Peace, health, ? serenity, happiness, ? nirvana. † Although life is getting tough, we will not give up. No matter how hard it will be, be strong and be positive to deal with it. She wanted to share her story in order to motivate us. At least, there is a time in our life, things will go wrong and happen unexpectedly the way that we never wish it to be. Do not panic, but see it may be just a gift. â€Å"Living Beyond Limits,† by Amy Purdy, was a special story of an indomitable spirit with an incredible positive life force. Amy is an inspiration to us all. We can only hope to follow her example in our own small ways. She achieved her goals regardless of her circumstances. I heard stories similar to Amy’s, and people in those stories ended up killing themselves. They were shocked; they felt hopeless and useless after a while sitting on a wheel chair and being treated as a disability. It drained them out. They gave up their life. If I were Amy, I would completely collapse and go crazy, and may kill myself as well. A pretty, young girl, who was growing up with a lot of beautiful dreams and eager to explore a new world, was diagnosed with bacterial meningitis. It took her legs, a spleen and kidneys, left her a wheel chair, and then a pair of fake legs. How will a normal person be able to accept it? Do not let depression take over her life. She strongly stood up, accepted reality but not its boundary. She overcame it by looking the other positive side of her disability. She did want to be a normal person, desperately to snowboard again. Her strong spirit took her above her obstacles. She turned negative to positive, turned tears to laughter, turned impossibility to possibility, and even made it incredibly. I believe that her story has been inspiring a lot of people who are disable, who are struggled, and who are hopeless. Her example has brought air into a lot of people’s lives to help them open a new chapter in their lives. After watching these two video clips, I learned a lot from these two strong and brave women. They do not give up their lives. They accept reality and move on. They have transformed their misfortune into their blessings to a lot of people by sharing us their stories. They did not keep it as a failure of their life. They have inspired people with their strong will and faith. Their experiences are good lessons for others to learn and follow.

The Merchant of Venice Act 1 Summary

'The Merchant of Venice' Act 1 Summary Shakespeares The Merchant of Venice is a fantastic play and boasts one of Shakespeares most memorable villains, the Jewish moneylender, Shylock. This Merchant of Venice Act 1 summary guides you through the plays opening scenes in modern English. Here, Shakespeare takes the time to introduce his main characters - most notably Portia, one of the strongest women parts in all Shakespeares plays. Act 1 Scene 1 Antonio is speaking to his friends Salerio and Solanio. He explains that a sadness has come over him. His friends suggest that his sadness could be due to him worrying about his commercial ventures. He has ships at sea with merchandise in them and they could be vulnerable. Antonio says he is not worried about his ships because his goods are spread between them and if one went down he would still have the others. His friends suggest that he must then be in love, Antonio denies this. Bassanio, Lorenzo, and Graziano arrive as Salerio and Solanio leave. Lorenzo says that now Bassanio and Antonio have been reunited they will make their leave but arrange to meet up later for dinner. Graziano tries to cheer Antonio up but to no avail, he tells Antonio that men who try to be melancholy in order to be perceived as wise are deceived. Graziano and Lorenzo leave. Bassanio complains that Graziano has nothing to say but just will not stop talking. â€Å"Graziano speaks an infinite deal of nothing† (Act 1 Scene 1) Antonio asks Bassanio to tell him about the woman he has fallen for and intends to pursue. Bassanio acknowledges that he has borrowed a lot of money from Antonio over the years and promises to clear his debts to him: To you Antonio, I owe the most in money and in love, And from your love I have a warranty to unburden all my plots and purposes how to get clear of all the debts I owe.(Act 1 Scene 1). Bassanio explains that he has fallen in love with Portia the heiress of Belmont but that she has other richer suitors, he just wants to try to compete with them in order to win her hand. He needs money to get there. Antonio tells him that all his money is tied up in his business but that he will act as a guarantor for any loan that he can get. Act 1 Scene 2 Enter Portia with Nerissa her waiting woman. Portia complains that she is weary of the world. Her dead father stipulated, in his will, that she herself cannot choose a husband. Portia’s suitors will be given a choice of three chests; one gold, one silver, and one lead. The winning chest contains a portrait of Portia and in choosing the correct chest he will win her hand in marriage. He must agree that if he chooses the wrong chest he will not be permitted to marry anyone. Nerissa lists suitors who have come to guess including the Neopolitan Prince, County Palatine, A French Lord and an English nobleman. Portia mocks each of the gentlemen for their shortcomings. In particular, a German nobleman who was a drinker, Nerissa asks if Portia remembers him she says: Very vilely in the morning when he is sober, and most viley in the afternoon when he is drunk. When he is best he is little worse than a man, and when he is worse he is little better than a beast. An the worst fall that ever fell, I hope I shall make shift to go without him.(Act 1 Scene 2). The men listed all left before guessing for fear that they would get it wrong and face the consequences. Portia is determined to follow her father’s will and be won in the way in which he wished but she is happy that none of the men who have come have succeeded. Nerissa reminds Portia of a young gentleman, a Venetian scholar, and soldier who visited her when her father was alive. Portia remembers Bassanio fondly and believes him to be worthy of praise. It is announced that the Prince of Morocco is coming to woo her but she is not particularly happy about it.