Home/ Majors directory/International Economic Relations/Technology and Audit of Foreign Economic Transactions
Technology and Audit of Foreign Economic Transactions
Major: International Economic Relations
Code of subject: 6.292.00.O.039
Credits: 4.00
Department: Management and International Business
Lecturer: Dr.Sci., Prof. Roman Shulyar
Semester: 7 семестр
Mode of study: денна
Завдання: The study of an academic discipline involves the formation and development of students' competencies:
Integral competence (INT)
The ability to solve complex specialized tasks and practical problems in the field of international relations in general and international economic relations in particular, as well as in the learning process, which involves the application of the latest theories and methods in the implementation of complex studies of global economic relations, is characterized by the complexity and uncertainty of conditions
general:
ZK12. 12. Knowledge and understanding of the subject area and understanding of professional activity.
professional:
SK6. Ability to analyze international markets of goods and services, tools and principles of regulation of international trade.
SK12. Ability to use regulatory documents and reference materials when performing professional activities in the field of international economic relations.
professional specialization:
FCS 1.3. The ability to analyze competitive materials, draw up a competitive letter, carry out economic substantiation of foreign economic operations.
FCS 3.1. Ability to understand and follow diplomatic protocol and business etiquette when conducting negotiations.
FCS 4.3. The ability to formulate reasonable targeted proposals and recommendations based on the results of diagnosing the subject and object of research.
Learning outcomes: The study of the discipline involves the formation of students' competencies:
integral competence:
INT. Ability to solve complex specialized problems and practical problems during professional activities in the field of international economic relations or in the learning process, which involves the application of theories and methods of international economic relations and international economics and is characterized by complexity and uncertainty.
general competencies:
GC4. The ability to apply knowledge to solve qualitative and quantitative problems, as well as to produce new ideas, to show creativity, the ability to think systematically.
GC5. Ability to search and process information from various sources and analyze it, as well as the ability to adapt and act in a new situation.
GC8. Ability to effectively use in practice various theories in the field of education and the formation of international economic relations.
professional competencies:
PC2. Basic knowledge in the field of international economic relations, necessary for the development of professionally oriented disciplines.
PC4. Basic knowledge of basic regulations and reference materials, current standards and specifications, instructions, and other regulations in the field of international economic relations.
PC13. Ability to use knowledge and skills to calculate indicators of production and economic and financial and economic activities of business structures in terms of international economic relations.
PC14. Ability to master the methods and technologies of international transactions.
PC17. Ability to perform basic diagnostics of the object under study based on using various diagnostic methodologies of leading international organizations.
professional competencies of the profile direction:
PC1.1. Ability to choose the most appropriate forms of foreign economic transactions.
PC1.3. Ability to analyze competitive materials, write a competitive letter, provide economic justification for foreign economic transactions.
PC2.3. Ability to use innovation project management skills internationally.
PC3.1. Ability to understand and adhere to diplomatic protocol and business etiquette in negotiations.
PC3.3. Ability to use information systems and technologies in the management of international economic relations in the field of media communications and IT.
As a result of studying the discipline, the student must be able to demonstrate the following program learning outcomes:
knowledge:
KW4. Knowledge of the peculiarities of the development of international investment and innovation activities, the principles of investment portfolio formation, methods of evaluating the effectiveness of portfolio and real investments.
KW6. Knowledge of the procedure for preparation, conclusion, and implementation of foreign trade agreements, structure, content, standard forms of foreign trade documentation.
KW8. Knowledge of the peculiarities of foreign trade agreements and contracts, international and national standards of audit of foreign economic transactions.
KW19. Knowledge of theoretical-methodological and organizational problems that arise in the implementation of customs services.
skills:
SK8. Ability to communicate within the framework of social dialogue.
SK14. Ability to conduct commercial negotiations on the conclusion of foreign trade contracts and cooperation agreements.
SK15. Ability to audit foreign economic transactions based on the study of financial documents and reports.
Required prior and related subjects: -prerequisite: International Economics
-co-requisite: Budgeting International Business
Summary of the subject: Concept and types of commercial transactions, export-imports operations re-exports, and re-imports operations, operations co-trading or operation of the natural exchange, transactions that involve the seller in the realization of goods offered by the buyer, the redemption of old products, deliveries to equipment, operations on tolling, or tolling, counter-trade transactions within the industrial cooperation agreement countervailing simple, complex compensation agreement, clustering, franchise products, and services. Planning and organizing foreign operations. Foreign stages of implementation. The pre-contractual preparation, market research foreign market, search, selection and installation of contact with a foreign partner, analysis and elaboration of competitive materials, drafting competition sheet, the calculation of import/export prices, the elaboration of the basic conditions of the contract, elaboration monetary terms of the contract, the economic justification foreign contracts. The conclusion and signing of trade contracts, preliminary negotiations, drafting and signing of foreign contracts, negotiations with the contractor, the general conditions of negotiation preparation for negotiation, time and place of negotiations. The initiative of conducting, composing, designing, and negotiating program participants' stay in the country, the draft estimates of expenditure of negotiations, the process of negotiations, cultural concepts and classification of business cultures, the signing of final documents and protocol events, recording the results of the negotiations. Control, external trade performance, and termination of the contract. Audit of foreign operations, legal regulation and scientific and methodological support of auditing foreign operations, the essential characteristics of auditing foreign operations, function and classification of auditing standards, audit model foreign operations, audit evidence, procedures, techniques and tests, working papers, and audit report, audit firm (auditor): legal regulation activities, rights, duties, and responsibilities of the audit of certain foreign operations: a general description of objects and the exercise, general description audited by specific foreign operations, audit the legality of the foreign operations audited book value of foreign currency exchange rate differences, audit buying and selling foreign currency audit of operations of import, export audit operations.
Опис: nternational commercial transactions (ICT) and agreements
Legal basis of MKO. Concept of agreement, contract. Methods of commercial operations and transactions
The procedure and technique of preparing an international trade agreement with direct contacts with counterparties
Preparation and conclusion of sales contracts. Factors taken into account when choosing counterparties. Procedures for preparing an export agreement. Documents for the preparation of an export agreement. The procedure for preparing an import agreement. Documents for the preparation of the import agreement. Conclusion of sales contracts. Conducting preliminary negotiations.
Content and types of international sales contracts
Standard contracts in international trade. Concept and content of a standard contract. Classification of contract terms. Trade customs and their importance in international trade. Content of the international sales contract. Characteristic features of international commercial agreements in modern conditions. Types of international sales contracts. Features of contracts for complete equipment. Long-term contracts for raw materials and semi-finished products. Operations on raw materials. Purchase of obsolete products. Supplies for completeness. Operations involving the seller's participation in the sale of goods offered by the buyer. Mutual trade within the framework of industrial cooperation. Structure and content of countertrade contracts.
Execution of international sales contracts. Termination of ZTK.
Preparation of goods for shipment. Packaging requirements. Labeling requirements. Foreign trade documentation formalizing the execution of a commercial agreement. Documentation for ensuring the production of export goods. Documentation on preparation of goods for shipment. Commercial documents. Documents of payment and banking operations. Insurance documents. Transport documents. Transport and forwarding documents. Customs documents. Standardization and unification of foreign trade documents. Termination of ZTK.
Introduction. Normative characteristics of the audit of foreign economic operations. Legal regulation of audit activities in Ukraine.
The essence and types of audit.
Definition of ZEO audit. The difference between auditing and accounting. Purpose, subject and object of the audit. International auditing standards and norms. Types of audit and their characteristics (operational audit; compliance audit; financial statement audit; voluntary and mandatory audit; internal and external audit)
Audit planning.
Assessment methods and criteria: - Current control (40%): laboratory classes;
- Final exam (60%): exam (written component) (50%); oral questioning (50%).
Критерії оцінювання результатів навчання: - performance of individual work (30%): laboratory work, oral survey
-final control (70%, credit): testing (50%), oral answer (20%)
Порядок та критерії виставляння балів та оцінок: 100–88 points – (“excellent”) awarded for a high level of knowledge (some inaccuracies are allowed) of the educational material of the component contained in the main and additional recommended literary sources, the ability to analyze the phenomena being studied in their interrelationship and development, clearly, succinctly, logically, consistently answer the questions, the ability to apply theoretical provisions when solving practical problems; 87–71 points – (“good”) is awarded for a generally correct understanding of the educational material of the component, including calculations, reasoned answers to the questions posed, which, however, contain certain (insignificant) shortcomings, for the ability to apply theoretical provisions when solving practical tasks; 70 – 50 points – (“satisfactory”) awarded for weak knowledge of the component’s educational material, inaccurate or poorly reasoned answers, with a violation of the sequence of presentation, for weak application of theoretical provisions when solving practical problems; 49–00 points – (“not certified” with the possibility of retaking the semester control) is awarded for ignorance of a significant part of the educational material of the component, significant errors in answering questions, inability to apply theoretical provisions when solving practical problems; is given for ignorance of a significant part of the educational material of the component, significant errors in answering questions, inability to navigate when solving practical problems, ignorance of the main fundamental provisions.
Recommended books: 1. Чернобай Л.І., Шуляр Р.В. Технологія та аудит зовнішньоекономічних операцій: Навчальний посібник. - Львів: Видавництво Національного університету “Львівська політехніка”, 2010. – 300 с.
2. Козик В.В., Панкова Л.А., Карп’як Я.С., Григор’єв О.Ю., Босак А.О. Зовнішньоекономічні операції і контракти. Навч. посіб. -2-ге вид., перероб. І доп. – К.: Центр навчальної літератури, 2004. – 608с.
3. Усач Б.Ф., Душко З.О., Колос М.М. Організація і методика аудиту: Підручник. – К.: «Видавництво «Знання», 2006. – 295с.
4. Аудит: Підручник / за ред. проф. Ф.Ф.Бутинця. – Житомир: ПП «Рута», 2006. – 512с.