International Accouting-answers 2 Essay Example | Topics and Well Written Essays - 750 words

International Accouting-answers 2 - Essay Example Options on the other hand are contractual agreements where one is given a right to exchange foreign currencies at a pre-agreed rate on a specific date in future. In this case however, the buyer has an option to exercise the contract or not therefore in the event that the foreign currency depreciates, he can opt to pay at the spot rate (Hull, 2006). It is therefore clear that forward currency options are more advantageous than forward contracts in the case of ABC. The calculation of income using the historical cost model means that costs are recorded in the income statement at their historical value or the actual cost when they were incurred. This method does not consider the current market value of the item. Liabilities are therefore recorded at their actual historical cost and it is assumed that there is no change in their value (money has a constant purchasing power) (Power, 2010). The calculation of income using the current cost model on the other hand means that the liabilities and assets are measured using their current realisable or market value. In this case, the measurement of the costs is considered to be more relevant and therefore the amount of income calculated using this method is also considered to reflect the current state of affairs in the firm. It is therefore clear the current cost model provides a more accurate calculation of income since the costs are measured at fair value (Laux & Leuz, 2009). Translation of financial statements prepared in a foreign currency is a critical part of financial reporting in that it allows for foreign investors to understand the financial statements in terms of the principles used in the preparation as well as the figures in terms of the local currency. An investor will therefore be able to make their decisions based on the specific valuations of the company in their local currency while in a case where they are not translated; an investor may not know which foreign

Operations & Service Management Assignment Example | Topics and Well Written Essays - 2000 words

Operations & Service Management - Assignment Example Orientation, Legal Restriction, Layout and Design, Composition, Process Photography, Darkroom Procedures, Stripping, Plate making, Offset Ink and Paper, Bindery Operations, Offset Press Operation, Production Problems, and Occupations and Evaluation .Main is the usage of special paper for printing for M& S. Note: All corporate and promotional material (e.g. booklets, leaflets and posters) must be approved by the Publications Officer, before being passed to the Print Unit for reproduction. 3-5 working days should be allowed for this, depending on the complexity of the job. In order to obtain order from M&S,Wace Burgess need to focus and assess on the potential risks and reward for its sustenance and integrity .It is ideal to sign a printing services agreement including the expectations of the client stating all the possible format for orders, Costing ,Capacity planning,Utilisation,Turn around time ,Accuracy parameter, designing process and die cutting etc .There should also be stringent clause on payment terms and penalty or adjustments in terms of late completion of order based on impact of loss incurred by W&S. Wace Burgess should also the need to commercialize the new technology on a large scale and to make profits and prove its sustainability." It is important to note that the Wace Burgess is noticed by M&S because they have been successful in printing technology. Now they are faced with a new challenge of managing creativity while getting a big order from a profound organization like M&S: an identity-shift from a small organisation to larger organisation is a bit