ACCOUNTING FOR INTERNATIONAL TRADE AND SUPPLY CHAIN FINANCE
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
ACCOUNTING FOR INTERNATIONAL TRADE AND SUPPLY CHAIN FINANCE
ABSTRACT
The study aims to explore (1) the role of accounting in managing international trade transactions, (2) the challenges of accounting for supply chain finance, and (3) the impact of accounting practices on the efficiency and transparency of international trade. A survey research design is employed to gather data from accountants involved in international trade and supply chain finance. Using Taro Yamane's formula, a sample size of 330 respondents was selected, ensuring a robust and representative sample. The case study focuses on Lagos, Nigeria, a major hub for international trade. The reliability coefficient score of the survey instrument is 0.88, indicating high reliability. Findings indicate that accounting is vital in managing trade transactions, mitigating risks, and ensuring compliance with international standards. Recommendations include enhancing the integration of advanced accounting software for trade finance and providing continuous professional development for accountants in international trade regulations.
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