Controllers’ Guide to Multinational Financial Management
This course is designed for managers working for multinational companies (MNCs) as well as accountants, CFOs, controllers, treasurers, and international investors. In a modern economy, neither businesses nor individual investors can afford to be ignorant of the basic concepts of international finance. Changes in exchange rates and differences in national inflation and interest rates can affect the competitive position of businesses regardless of whether they are engaged in international operations.

Course Publication Date: August 14, 2015

This course is available with NO ADDITIONAL FEE if you have an active self study membership or can be purchased for $135.00!

Author:Delta CPE
Course No:FIN-CGMFM-402
Recommended CPE:13.50
Delivery Method:Self Study
Level of Knowledge:Overview
Prerequisites:None
Advanced Preparation:None
Recommended Field of Study:Finance
  
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Learning Objectives
  • Recognize some special features of a multinational corporation.
  • Distinguish the factors that complicate financial decision making in an international environment.
  • Define an exchange rate.
  • Recognize the different conventions for exchange rate quotation.
  • Compute the rate of exchange for a foreign.
  • Identify the functions of foreign exchange markets.
  • Recognize definitions for spot and forward exchange rates.
  • Recognize how the bid.
  • Recognize the nature of an option contract.
  • Identify the purpose of hedging in the foreign currency market.
  • Recognize factors in value determination of currency options.
  • Identify different foreign currency contracts and their uses.
  • Recognize how exchange rates occur in international monetary system.
  • Recognize how international markets influence of foreign exchange prices.
  • Recognize the impact of economic policies on trade patterns and currency markets.
  • Identify factors affecting the value of the US dollar.
  • Identify characteristics of the current international monetary system.
  • Recognize some systems of international exchange rate regulations such as the Bretton Woods System and European Monetary System.
  • Identify characteristics of special international currency reserves such as special drawing rights.
  • Recognize causes of the Financial Crisis 2007.
  • Identify the influence of interest rates on a country.
  • Recognize the implications of the interest rate parity.
  • Identify the influence of interest rates on forward and spot exchange rates.
  • Recognize the concept of purchasing power parity.
  • Identify the concept underlying the Law of One Price.
  • Recognize the relationship between interest rates and future exchange rate changes.
  • Identify the concept of the Fisher Effect and the relationship between real interest rates in different countries.
  • Recognize the relationship between exchange rates.
  • Identify how the efficient market hypothesis is used to predict the foreign exchange rates.
  • Recognize the nature of transaction exposure.
  • Recognize how hedging techniques can decrease uncertainty.
  • Identify strategies for eliminating some transaction exposure.
  • Identify the contracts that can be used to hedge risk.
  • Define translation exposure as it relates to foreign currency exposure.
  • Recognize the functional currency of the firm.
  • Identify different methods for translating financial statements.
  • Recognize operating.
  • Identify methods and objectives for a company to minimize operating exposure from changes in various exchange rates.
  • Recognize strategies for controlling the degree of operating exposure to exchange rate changes.
  • Recognize the main documents that are used to in international trade.
  • Identify the purpose of quasi.
  • Identify organizational structures used by multinational companies to reduce its need for bank lending to support international cash flow.
  • Recognize the principle behind practices such as multilateral netting.
  • Recognize international business practices such as countertrade.
  • Recognize the attributes of international leasing.
  • Identify the special reasons for using Eurobonds rather than domestic bonds.
  • Identify some basic techniques that can be used to measure the probability and quantify the magnitude of political risk.
  • Recognize methods for reducing political risk prior to making foreign investments.
  • Identify the factors that distinguish capital budgeting decisions regarding foreign investment.
  • Recognize methods for evaluating proposed direct foreign investments.
  • Recognize the most frequently used methods of analyzing international capital budgeting.
  • Define a Eurodollar.
  • Recognize different types of multinational banking organizations.
  • After reading this chapter.
  • Recognize the advantages and limitations of international investing and diversification.
  • Compute the total return of an international investment.
  • Identify instruments designed to facilitate international investment.

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