b) Read Articles of Association and Memorandum of Association of any one SAOG company in Oman and explain briefly in your own words what you have understood from these documents.
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- Which of the following statements are true about globaliza-tion methods? a. International licensing involves the creation of a new company that is owned by two or more firms from dif-ferent countries. b. Exporting involves contracts that allow a foreign com-pany to use a domestic company’s trademarks, patents, processes, or technology.c. Global sourcing involves the close coordination ofresearch and development, purchasing, marketing, andmanufacturing across national boundaries.d. A wholly owned international subsidiary is createdwhen a foreign government owns 100 percent of theequity in a U.S.-based firm.Why there is a need for exporters to understand “International Commercial Documents” which directly apply to them? Support your answer with examples.What is the intention of the Financial Market Authority creating Memorandum of Understanding agreements with other agencies within New Zealand?
- Answer the following question, giving detailed examples to justify your answer;- Based on the book in the link below and other accounting materials, please identify and discuss the major challenges and opportunities associated with international accounting standards convergence. Analyse the implications of differences in accounting practices across countries and propose strategies for addressing these challenges. Here is the book, page 246 chapter 13 Global Convergence of Accounting Standards. http://ndl.ethernet.edu.et/bitstream/123456789/22231/1/56.pdf.pdf#page=26916) Which one of the following is covered by the Commercial company law of Oman? a. Municipalities b. Joint-stock companies c. Social service organizations d. Non-profit organizationsGive a detailed explanation of the following standards. 1. IAS 28 Investment in Associates 2. IFRS 11 Joint Arrangements
- 6 - Which of the following has been prepared by the delivery methods in foreign trade (INCOTERMS)?A) Economic Cooperation OrganizationB) International Trade OrganizationC) International Chamber of CommerceD) Organization of Islamic CooperationE) Undersecretariat of Foreign TradeWrite a report about The US and the IFRS Taking into consideration the following Title page content list a summary, Coordination and give a some studies and cases about this with the sources The most important thing is that the information be up to date, reliable, relevant, and sufficient, with reference to one or more studies. ineed the sources put the link pleasea. Discuss in detail about accounting standards. 1. History of Accounting standards (IFRS and GAAP) 2. Boards or organization associated IFRS. Structure of the board. 3. Process of developing IFRS or amending for existing IFRS. 4. Detailed discussion of any Two updated IFRS. b. Discuss about Regulatory authority for monitoring accounting standards and Financial Reporting in Oman and other GCC countries. c. Write a summary of IFRS 7, and 13 and show sample illustrations for measurement and de-recognition of financial assets and financial liabilities.