Accounting

What If NAFTA Goes Away? Case studies must be typed, single-spaced and 1-2 pages long (minimum of 700-800 words), not recapping the case history or repeating the material in the case. Answer the case study questions in the textbook (p. 137) one by one. Bullet points are acceptable as long as they are accompanied by a relevant explanation. Case Discussion Questions 1. Because the three NAFTA member countries had been trading for ages before NAFTA, what are the benefits of an FTA such as NAFTA? 2. ON ETHICS: Pick your role as (1) a consumer, (2) a manufacturing worker, or (3) a banker in one member country. What has NAFTA done to help or hurt you and your community? 3. Pick a firm from your state or country that is active in at least two (preferably three) member countries via trade and investment. How does it prepare for the scenario that NAFTA benefits are curtailed? Case study what If NAFTA Goes Away? In effect since 1994, the North American Free Trade Agreement (NAFTA) has no shortage of controversies. As Trump has assumed power, the criticisms against NAFTA, potentially culminating in its repeal, force us to entertain a previously unthinkable scenario: What happens if NAFTA goes away? The answer to this question obviously boils down to what NAFTA has brought to the United States. In two decades, trilateral merchandise trade among three member countries grew from $290 billion in 1993 to $1.1 trillion in 2016—a nearly fourfold increase. Approximately $3 billion goods and services cross the border every day—an astonishing $2 million every minute. US trade with Canada tripled and US trade with Mexico increased by five times—while US trade with the rest of the world grew 280%. Canada and Mexico are, respectively, the second and third largest exporters to the United States (China is the first). Canada and Mexico are, respectively, the first and second-largest importers of US goods. Mexico alone imports more US goods than China and absorbs more US imports than Britain, France, and Germany combined. Canada imports even more “Made in USA” goods. What about jobs? In brief, no “giant sucking sound” has been heard. Approximately 300,000 US jobs—an average of 15,000 per year—were lost due to NAFTA in its first two decades, but about 100,000 jobs were added. The net loss was small, as the US economy generated at least 25 million new jobs during the same period. In 2015, the Congressional Research Service acknowledged some worker and firm adjustment costs brought by NAFTA. But overall, it reported conclusively that “NAFTA did not cause the huge job losses feared by the critics.” At present some eight million US jobs depend on trade with Canada and another six million on trade with Mexico. Even for every job lost, the economy gains $450,000 in the form of higher productivity and lower consumer prices, which benefit all. But a hard count on jobs misses another subtle but important benefit. NAFTA has allowed US firms to preserve more US jobs because 40% of the value of US imports from Mexico and 25% from Canada is actually made in the USA—in comparison, only 10% of the value of US imports from China is made in the USA. In 1994, US imports from Mexico only contained 5% of the value made in the USA. Clearly NAFTA has facilitated seamless supply chain integration, with goods, components, and parts crossing the border multiple times to be eventually assembled in one member country. Without NAFTA, entire industries may be lost rather than just the labour-intensive portions. So what if NAFTA goes away? First, relax: not all the benefits discussed above will be lost. As an institutional framework, NAFTA merely represents some relatively new rules of the game that are man-made and artificial. Given their natural geographic proximity and historical links, the three North American neighbours had been trading for ages before 1994. Their tightly-knit economies cannot and will not immediately stop trading. In a hypothetical post-NAFTA era, these three economies will still gain by trading, but the gains will be smaller. Americans and Canadians can still enjoy plenty of yummy avocados from Mexico (the world’s top avocado producer), but they will have to cough up more money for their beloved guacamole. Second, if the Trump administration unilaterally imposes high import tariffs, Canada and Mexico will certainly respond in kind. Given the reality of NAFTA supply chain, a tariff is like erecting a wall in the middle of a factory. Hard-fought export market share in Canada and Mexico will shrink. Thousands of jobs in manufacturing, logistics, and other services will disappear. For example, the Center for Automotive Research estimated that a 35% tariff on vehicles imported from Mexico, which would contain 40% “Made in USA” parts, would result in the loss of 31,000 US jobs. Third, because both Canada and Mexico have free trade agreements (FTAs) with the EU, the US withdrawal from NAFTA will significantly help increase EU firms’ market share there. In other words, EU firms, propelled by their own FTAs with Canada and Mexico, will be delighted to take over the market share vacated by US firms. Beyond those from the EU, strong competitors from China, Japan, and Korea, despite having no help from FTAs, will be elbowing their way into Canada and Mexico. In other words, reducing the preferential treatments (especially low or zero tariffs) enjoyed by US firms under NAFTA will clip their wings in the competition for export markets in Canada and Mexico. Ironically, gutting NAFTA will help enhance the competitiveness of America’s global rivals. Finally, shutting down NAFTA does not bring back a large number of manufacturing jobs to the United States. The recent crises facing US manufacturing jobs, falling from 17 million to 11 million between 2000 and 2010, have little to do with NAFTA. Instead, competition with China and technological changes have largely contributed to such a decline. Therefore, blaming Mexico and dismantling a beneficial FTA does not solve the problems associated with manufacturing job losses. There is a widespread belief that Trump’s nasty rhetoric on NAFTA is just “talk.” Procedurally, Trump is required to seek congressional approval if he merely wants to renegotiate NAFTA. Congress is unlikely to support a policy to throw away so many benefits and to spark retaliatory trade sanctions in America’s top two export markets—with so little gains. While NAFTA is not a panacea and has its problems, dismantling it would be “lunacy,” according to Texas Monthly. In summary, NAFTA is unlikely to be gone completely. But renegotiation is certainly possible.

Managerial Accounting Course: The paper itself has to deal with: Restoring Trust after Fraud or Management Failures. Thus you have to embark on the research task by investigating some of the prominent issues relating to Corporate Governance and Accounting Scandals or Evidence of deliberate Deceptions or Corruptions. Examples of how to frame your Research Topic: Restoring Trust after Fraud: The Case of——————–

https://www.ted.com/talks/chris_mcknett_the_investment_logic_for_sustainability?source=email#.VGS_pxLLkKF.email Watch the Investment Logic for Sustainability video. Then perform a few internet searches on terms such as the following: Sustainable funds Socially responsible investing ESG Environmental, social, and corporate governance Using resources found in your internet searches, as well as your module resources, respond to the following questions: What is sustainable investing? Do you think investors should be concerned with ESG? Do you think ESG investments can perform better than non-ESG investments? Why or why not? What type of socially responsible fund would you invest in? Why? When replying to your classmates, you may disagree with them, but it must be done in a respectful and polite manner. Use APA-style citations.

In prior weeks, you learned about finance and financial analysis. This week you will put it all together. Using the Walmart Case Study and your selected country, you will complete a comprehensive recommendation to Walmart executives either recommending or forgoing expansion into your selected country. In your paper, Summarize the culture and financial climate of the country and why it would be favorable or unfavorable for Walmart to expand in that region. Describe your country’s foreign exchange rates and how those rates could impact Walmart’s future financial performance. Be sure to address: interest rates, balance of payments, government policies, and other factors such as taxes and tariffs. Describe how Walmart needs to manage foreign exchange risk. Analyze any potential political risk and its impact to the financials. Propose how Walmart should fund this new expansion. The Walmart International Expansion Recommendation Final Paper Must be 10 to 12 double-spaced pages in length (not including title and references pages) and formatted according to APA Prior to beginning work on this assignment, Watch the Week 6 Final Paper video above with Dr. Kevin Kuznia, Academic Department Chair. Review the Walmart Case Study interactive below. Review the current financial statements of Walmart. Option 1: Yahoo! Finance (Links to an external site.) web page Enter the stock symbol of Walmart, Inc. (WMT) in the search bar Click on the “Financials” tab Option 2: EDGAR | Company Filings (Links to an external site.) database Enter “Walmart Inc.” in the search barStyle as outlined in the Ashford Writing Center’s APA Style (Links to an external site.) resource. Must include a separate title page with the following: Title of paper Student’s name Course name and number Instructor’s name Date submitted For further assistance with the formatting and the title page, refer to APA Formatting for Word 2013 (Links to an external site.). Must utilize academic voice. See the Academic Voice (Links to an external site.) resource for additional guidance. Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper. as well as Writing a Thesis Statement Must use at least three scholarly, peer-reviewed, or credible sources in addition to the course text. The Scholarly, Peer-Reviewed, and Other Credible Sources (Links to an external site.) table offers additional guidance on appropriate source types. Must document any information used from sources in APA Style Must include a separate references page that is formatted according to APA Style

With the recent worldwide pandemic leading to people working remotely, this presents an opportunity to change how work is performed. Something to consider is potential taxation issues. Whether people move around domestically, or internationally, what do you think are some tax considerations people should take if they are able to work remotely?

Compare and contrast the views of management and accountants regarding the changes required by the Sarbanes-Oxley Act on internal controls and how these changes have affected corporations, accounting firms, and investors. Your paper must be formatted according to APA 6th edition guidelines, and you need to use at least one external reference.

mike, one of the marketing strategists on your team, stops at your office door wanting to talk. “We use fabrics that are made domestically; however, there are issues with using these same fabrics globally. There are laws and regulations that prevent us from shipping these fabrics to other countries. This is a huge concern. One of our primary selling points is the consistency of the quality of our product.” You confirm Mike’s concern, “That’s an excellent point,” you say. “Now you’ve just given yourself and our team more work for the presentation. I’m sure that will come up. One of the board members used to run a textile plant in China.” Mike nods his head in agreement. “I imagine textiles will not be the only resource concern,” he says. Consider the following in your response: Why should resources be a concern in a global strategy? What resources may be a concern in the country you selected? How will this impact the decision to move to the country that you selected? How will this impact your competitive strategy in your global market? Review the reference materials on global strategy as there is information that may assist with the assignment.

One of the primary duties of an accountant is to prepare written reports. Accountants today must be able to research, interpret, and communicate complex accounting subjects in an easy-to-understand manner. The subject of your research may be any auditing, financial reporting, or tax-related issue that you can research in the FASB Codification database. Your final paper should meet the following requirements: seven (7) page minimum length (including cover page and references page) body of the paper (content) must be a minimum of 5 pages, double spaced utilize and cite AT LEAST two outside sources (other than the course text) include citations using APA guidelines include a cover page and a bibliography page (not included in the content minimum) VeriCite score of 25% or fewer Submissions will be checked for authenticity using VeriCite. VeriCite generates a similarity score comparing your writing to online resources and the work of other students.

Ethics in Accountung

Personal Statement for PHD Admission