PPT-PRESENTATION ON THE EFFECTS OF CHANGES IN FOREIGN EXCHANGE RATES

Accounting Standard AS 11 Revised 2003 Presented by CA Verendra Kalra ORGANISED BY ON AT 2 Applicability Accounting standard as 11 the effects of changes in foreign exchange rates revised 2003 issued by the council of the institute of chartered accountants of India comes into effect in respect of accounting periods commencing on or after 142004 and is mandatory in nature from that date The revised standard supersedes accounting standard as 11 accounting for the effects of changes in foreign exchange rates 1994 except that in respect of accounting for transactions in foreign currencies entered into by the reporting enterprise itself or through its branches before the date this standard comes into effect as 11 1994 will continue to be applicable. 2. Exchange Rate Essentials. Exchange Rates in Practice. The Market for Foreign Exchange. Arbitrage and Spot Exchange . Rates. . Arbitrage . and . Interest Rates. Conclusions. © 2014 Worth Publishers . Ms. Faith . Moono. . Simwami. mo.simwami@gmail.com. 1. The Birth of FOREX Markets. Gold standard system (1875). Bretton Woods System (July 1944 – August 1971). Bretton Woods led to the formation of the following:. Module – Foreign Exchange(FX). Introduction. Foreign Exchange module of FLEXCUBE is used for buying and selling of currencies. It supports all types of FX deals i.e. Cash, Tom, Spot and Forward.. Brief info on Functional / Operations features:. Chapter 37 – . Lipsey. THE BALANCE OF PAYMENTS (BOP) . BALANCE OF PAYMENTS ACCOUNTS. Current Account. Records transactions arising from trade in goods and services, from income accruing to capital, or from transfers by residents . While budgeting may not be something you are naturally inclined to do, if you are planning for something like a vacation that has the potential to rack up hundreds of dollars in expenses, it is often the most sensible option, particularly if you are not in a high earning bracket or have other daily costs and expenditures to consider. 1. PowerPoint slides prepared by:. Andreea Chiritescu. Eastern Illinois University. Foreign-Exchange Market. Foreign-exchange market . Organizational setting . Within which individuals, businesses, governments, and banks . There are no hard and fast rules when it comes to parenting, but it’s safe to say that most of the decisions we make as adults on behalf of our kids, are for their intended benefit and wellbeing. Some parents may choose to take a vacation with their kids because they feel it will enrich theirlives, while others prefer to make it an adults’ only time so that they can connect on a grown-up level with their partner or loved one. Neither one is wrong; some parents may feel proud of the fact that their children go everywhere with them, others may feel guilty at the thought of leaving them behind, while some may relish time away from their kids on a temporary basis. Table 14-1: Exchange Rate Quotations. Value of $1.00. Domestic and Foreign . C. urrencies. In these lectures, . domestic currency. refers to the US dollar. Foreign currency . refers to the Euro, or at times to the Yen or the Yuan. Today’s Plan. Housekeeping. Reading quiz. Money. Lecture 12: Money, Exchange Rates, and Interest Rates Benjamin Graham. Reading Quiz (1). Gresham's Law states:. Dr. . Pravin. Kumar . Agrawal. Assistant Professor. Department of Business Management. CSJMU. Foreign Exchange Regulation Act (FERA). Foreign Exchange Management Act (FEMA). Foreign Exchange Regulations. Dr. . Pravin. Kumar . Agrawal. Assistant Professor. Department of Business Management. CSJMU. MBA (Business Economics). Foreign Exchange Market . Foreign exchange market is the market in which foreign currencies are bought and sold. This market is also termed as Currency, FX, or . Learning Objectives. Explore the multitude of functions of the foreign exchange market. Detail . how the structure of the global currency market has been changing. Describe . the financial and operational transactions conducted in the . Chapter 18 . Krugman. and . Obstfeld. 9e. ECO41 International Economics. Udayan. Roy. Why Study Fixed Exchange Rates?. Four reasons to study fixed exchange rates:. Managed floating. Regional currency arrangements. Dr. Lakshmi Kalyanaraman. 1. Foreign exchange markets. Markets in which cash flows from the sale of products or assets denominated in a foreign currency are transacted. . Dr. Lakshmi Kalyanaraman. 2.