Question

In this week’s Required Readings from your course textbook, you have a specific and detailed example of the use of foreign exchange options to hedge an anticipated but not committed purchase of inventory using a cash flow hedge (Case 3 on Pages 577-579), and a specific and detailed example of the use of foreign exchange options to hedge an unrecognized foreign currency firm commitment using a fair value hedge (Case 2 on Pages 573-577).

It is important for you to demonstrate your understanding of the accounting rules and resulting journal entries that surround these concepts, as especially for multinational corporations, each must determine on an almost a daily basis the impact on their financial statements of these types of foreign currency-related transactions.

Create your own specific and detailed example of either one of these types of foreign exchange options from the beginning of the use of an option to the end of the use or the settlement of the option. Show the journal entries required at each respective date, including an explanation of the basis of each of your journal entry calculations and the authoritative support for each entry following the US GAAP. Make sure your journal entries are clear with regards to which financial statement account is affected by each of your journal entries (balance sheet, income statement, Other Comprehensive Income, etc.).

Answer 1

In this week’s Required Readings from your course textbook, you have a specific and detailed example of the use of foreign exchange options to hedge an anticipated but not committed purchase of inventory using a cash flow hedge (Case 3 on Pages 577-579), and a specific and detailed example of the use of foreign exchange options to hedge an unrecognized foreign currency firm commitment using a fair value hedge (Case 2 on Pages 573-577).

It is important for you to demonstrate your understanding of the accounting rules and resulting journal entries that surround these concepts, as especially for multinational corporations, each must determine on an almost a daily basis the impact on their financial statements of these types of foreign currency-related transactions.

Create your own specific and detailed example of either one of these types of foreign exchange options from the beginning of the use of an option to the end of the use or the settlement of the option. Show the journal entries required at each respective date, including an explanation of the basis of each of your journal entry calculations and the authoritative support for each entry following the US GAAP. Make sure your journal entries are clear with regards to which financial statement account is affected by each of your journal entries (balance sheet, income statement, Other Comprehensive Income,

Throughout the RN-to-BSN program, students are required to participate in scholarly activities outside of clinical practice or professional practice. Examples of scholarly activities include attending conferences, seminars, journal club, grand rounds, morbidity and mortality meetings, interdisciplinary committees, quality improvement committees, and any other opportunities available at your site, within your community, or nationally.

You are required to post at least one documented scholarly activity by the end of this course. In addition to this submission, you are required to be involved and contribute to interdisciplinary initiatives on a regular basis.

Submit, by way of this assignment, a summary report of the scholarly activity, including who, what, where, when, and any relevant take-home points. Include the appropriate program competencies associated with the scholarly activity as well as future professional goals related to this activity. You may use the “Scholarly Activity Summary” resource to help guide this assignment.

While APA style is not required for the body of this assignment, solid academic writing is expected, and in-text citations and references should be presented using APA documentation guidelines, which can be found in the APA Style Guide, located in the Student Success Center.

APA style is not required, but solid academic writing is expected.

You are not required to submit this assignment to LopesWrite.

Attachments NRS-493-RS-ScholarlyActivities.docx

Scholarly Activities

This document describes the scholarly activity elements that should be included in a five paragraph summary. You may use this resource to help guide the preparation of the Scholarly Activities assignment, due in Topic 10.

Overview

This section consists of a single paragraph that succinctly describes the scholarly activity that you attended/participated in, the target market for the activity, and the benefit of the activity to you.

Problem

This section consists of either a short narrative or a list of bullet points that concisely identifies the problems the scholarly activity is designed to solve. Educate: What is the current state of the activity topic? Explain why this is a problem, and for whom is it a problem? Inspire: What could a nurse achieve by participating in the scholarly activity? Use declarative sentences with simple words to communicate each point. Less is more.

Solution

This section consists of either a short paragraph or a list of bullet points that concisely describes the solution to a proposed practice problem that the scholarly activity addressed and how it addresses the problem outlined in the previous section.

Opportunity

This section consists of short paragraphs that define the opportunity that the scholarly activity is designed to capture. It is important to cover the objectives and goals that were met. How will attending/participating in this scholarly activity help you grow as a nurse?

Program Competencies Addressed

This section consists of a list of program competencies that were addressed in this scholarly activity. Please use the list from the ISP.