November 2021 Newsletter Explore our November 2021 newsletter and discover the latest blog posts and insights from FX Initiative. We help finance, accounting, treasury, and sales professionals stay up to date with new training content, CPE webinars, and helpful tips & resources. Get started with our foreign exchange risk management training, which provides 24/7 365 access to our complete suite of foreign exchange (FX) continuing professional education (CPE), examples and events at FXCPE.com. Start Training > View Newsletter November 2, 2021By FX Initiative General accounting, best practices, business, CPE, currency, derivatives, education, events, examples, finance, forex, fxcpe, fxinitiative, global, hedging, international, learning, management, payments, policy, risk, training, treasury, videos, webinars 0 0 Comment
Sharing Feedback & Suggestions (Survey) FX Initiative remains committed to continuously enhancing our foreign exchange (FX) risk management training. To complement the transition from in-person meetings to online environments, we are working on improving our suite of FX topics and tools to better serve your currency risk management needs safely and remotely. We are listening closely to our audience of finance, accounting, and treasury professionals with the goal of providing innovative FX risk management training and tools. Help us improve by sharing your feedback regarding what you like about our FX training and how we can do better. Take our short survey: https://www.fxcpe.com/feedback > October 26, 2021By FX Initiative General accounting, comments, CPE, currency, education, exchange, feedback, finance, foreign, fxcpe, fxinitiative, improvement, international, learning, management, payments, resources, risk, suggestions, survey, tools, training, treasury 0 0 Comment
Hypothetical FX Hedging Simulations To become proficient in any skill, including currency risk management, practice makes perfect. To help companies practice, FX Initiative’s Foreign Exchange Transaction Simulator addresses a wide variety of FX scenarios by stress-testing hypothetical FX hedging strategies. This interactive risk modeling tool illustrates the economics and accounting of the most common hedging strategies for underlying foreign exchange exposures such as revenues, expenses, receivables, and payables. You can simply input your company specific and foreign exchange market variables, and then select your hedging strategy, which includes not hedging or hedging with a forward contract, vanilla option or zero cost collar. The resulting output is a highly detailed interactive FX risk analysis that charts the economic payoff of your selected hedging strategy, ranks the alternative hedging strategies, and reports the accounting journal entries and t-accounts with authoritative references to U.S. generally accepted accounting principles (GAAP). Behind the scenes, our robust pricing engine and database simplifies the risk analysis process for you so you can focus on the bottom line impact to your business. This versatile tool transforms 16 inputs into one information rich analysis in 3 easy steps. Step 1 is to select (1) the Underlying Exposure and input the related variables of (2) Functional Currency, (3) Foreign Currency, (4) Underlying Notional Amount, (5) Beginning Exchange Rate, (6) Currency Quoting Convention, (7) Start Date, (8) End Date and (9) the Day Count. Step 2 is to select a (10) Hedging Strategy and input the related variables of (11) Hedge Ratio %, (12) Domestic Interest Rate, (13) Foreign Interest Rate, (14) Implied Volatility, and (15) the Collar Range. Step 3 is to forecast (16) the ending exchange rate to see how positive and negative changes in exchange rates impact the cash flow and financial reporting of your selected hedging strategy. This FX risk management web application customizes strategies and can be modified efficiently and effectively. For example, if you want to change your underlying exposure or hedge strategy, it’s as simple as one-click. If you want to know which strategy yields the best outcome, all 4 strategies are ranked for you automatically. If you want to see how the default or elective accounting treatment differ, the journal entries and t-accounts are instantly presented side-by-side. This Foreign Exchange Transaction Simulator acts as your own personal quantitative analyst, and puts you in a positions to make a qualified foreign exchange risk management decisions. To begin practicing hypothetical FX hedging, start your FX risk management training today, which provides 24/7 365 access to our complete suite of foreign exchange (FX) continuing professional education (CPE), examples & events at FXCPE.com. Start FX Risk Management Training > October 19, 2021By FX Initiative FX Transaction Simulator, General accounting, business, cashflow, collar, CPE, currency, derivative, economics, education, events, examples, expense, finance, forex, forward, fxcpe, fxinitiative, global, hedge, international, management, option, payable, payments, receivable, revenue, risk, simulation, training 0 0 Comment
Currency Risk Management Learning Center FX Initiative offers access to our online Learning Center for paid training and free content to help your company conquer corporate currency risk management safely and remotely. Explore our FX articles, videos, courses, tools, and webinars. Our goal is to help sharpen your FX skills, contribute to your professional development, and add to your firm’s performance and profitability. Explore FX Learning Center > Whether you are new to foreign exchange or a seasoned professional, continue following FX Initiative for your FX risk management formula. To learn more, start your FX risk management training today, which provides 24/7 365 access to our complete suite of foreign exchange (FX) continuing professional education (CPE), examples & events at FXCPE.com. Start FX Risk Management Training > October 12, 2021By FX Initiative General accounting, business, CPE, currency, education, events, examples, FASB, finance, fxcpe, fxinitiative, global, IASB, international, learning, management, payments, risk, SEC, training, treasury 0 0 Comment
October 2021 Newsletter Fall FX Training & Tips: Explore our October newsletter and discover the latest blog posts and insights from FX Initiative on currency risk management. We help finance, accounting, treasury, and sales professionals stay up to date with new training content, CPE webinars, and helpful tips & resources. Scale the learning curve quickly and easily with our foreign exchange risk management training, which provides 24/7 365 access to our complete suite of foreign exchange (FX) continuing professional education (CPE), examples and events at FXCPE.com. Start Training > View Newsletter October 5, 2021By FX Initiative General accounting, business, currency, education, events, examples, exchange, finance, foreign, forex, fxcpe, fxinitiative, insights, international, learning, management, newsletter, payments, risk, training, treasury, updates, videos 0 0 Comment
Centralizing FX Treasury Capabilities Centralizing FX Treasury Capabilities (Video): Discover how centralized FX risk management functions provide global firms with greater visibility across the enterprise. This video is a preview of FX Initiative’s FX Risk Management course as part of Learning Objective #1. To learn more, start your FX risk management training today, which provides 24/7 365 access to our complete suite of foreign exchange (FX) continuing professional education (CPE), examples & events at FXCPE.com. Start FX Training August 17, 2021By FX Initiative FX Risk Management, FX Risk Policy Drafter, General accounting, centralize, corporate, CPE, currency, derivatives, development, economics, education, finance, forex, fxcpe, fxinitiative, hedging, learning, management, multinational, operations, payments, personnel, policy, professional, resources, risk, simulation, strategy, trading, training, treasury, visibility 0 0 Comment
Involving Student Interns FX Initiative is pleased to welcome and support student interns in summer 2020. Internships are designed to help students add substantive and unique experience to their resumes. Our goal is to provide students with opportunities to gain work experience, explore career paths, develop and refine skills, network with professionals, and build confidence as they earn compensation and transition into the workforce. To facilitate our internship program this summer, we are participating in DePaul’s Coleman Entrepreneurship Center's Startup Internship Program, which gives undergraduate students hands-on experience working closely with founders on specific projects at a local Chicago startup. The 2020 summer internship program is a remote opportunity to help stay engaged in meaningful work during the COVID-19 pandemic. These internships are designed to be experiential learning opportunities for students and a chance to see first-hand the challenges that startups face. Interns will be working on significant tasks that contribute to the success of the organization. Areas of involvement include performing market research, creating educational content, developing marketing and sales strategies, and enhancing website functionality. FX Initiative remains committed to keep learning alive and accessible to all with continuing professional education (CPE) programs that promote business best practices. With a focus on the Chicago community, we welcome business leaders and corporate sponsors to contact us about working with our student interns on innovative CPE training and marketing initiatives. To learn more, contact support@fxinitiative.com. June 9, 2020By FX Initiative General accounting, banking, best, business, Chicago, classes, corporate, CPE, development, economics, education, experience, finance, fxcpe, fxinitiative, hedging, insurance, intern, learning, lectures, payments, practices, professional, resume, risk, sessions, student, technology, trading, training, treasury, webianrs 0 0 Comment
Teaching Treasury Management Topics To keep learning alive and accessible to all during the COVID-19 pandemic, WindyCityWebinars.org is an innovative student led and sponsor driven project in development with DePaul University and the Chicago business community. As we plan our summer learning series, we are working with speakers and sponsors to create a training agenda focused on treasury management best practices. To participate, we are now accepting presentations on the following topics: Banking & Relationship Management: Corporate banking challenges & opportunities. Fraud & Compliance: Compliance, internal controls, regulatory requirements, etc. Investments & Liquidity Management: Portfolio returns, investment goals, budgeting, funding. Treasury Management Essentials: Treasury trends, best practices, and integration options. Banker Topics: Banker and financial service provider best practices. Insurance Solutions: Business risk and insurance strategies for success. Professional Development: Career planning and skills to enhance your marketability. Treasury Technology: FinTech, artificial intelligence, blockchain, cybersecurity, etc. Corporate Finance: Financial planning & analysis, and capital structure. International Treasury Management: Global payments, cash management, and trade. Risk Management: Foreign currency & interest rate risk management. Working Capital Management: Working capital efficiency and maximization tactics. For credentialed professionals, learning sessions may be eligible for continuing professional education (CPE) credit. CPE credit is issued by FX Initiative, a member of the NASBA National Registry of CPE Sponsors, in fields of study including: Accounting Auditing Behavioral Ethics Business Management & Organization Business Law Communications & Marketing Computer Software & Applications Economics Finance Information Technology Management Services Personal Development Personnel/Human Resources Production Regulatory Ethics Specialized Knowledge Statistics Taxes To share your treasury management thought leadership with our audience of students and professionals, we invite you to submit an outline of your presentation, proposed topic, or educational idea to our team at info@windycitywebinars.org. We welcome business leaders and corporate sponsors to contact us about contributing the success of this student led learning initiative. To get involved in our project or learn more about how to help, please email support@fxinitiative.com. April 28, 2020By FX Initiative General, Webinar accounting, banking, best, business, Chicago, classes, compliance, corporate, CPE, development, economics, education, finance, fraud, fxcpe, fxinitiative, hedging, insurance, learning, lectures, liquidity, management, payments, practices, professional, risk, sessions, teaching, technology, topics, trading, training, treasury, webinars 0 0 Comment
Happy New Year from FX Initiative Happy New Year from FX Initiative! Thank you for a great 2019, and we wish you a safe and successful 2020! December 31, 2019By FX Initiative General 2020, Accounting, Business, CPE, Currency, Development, Economics, Education, Finance, Forex, Goals, Hedging, International, Learning, Management, NewYear, Payments, Professional, Resolutions, Risk, Training, Treasury 0 0 Comment
Highlighting FX Hedge Objectives (Video) Highlighting FX Hedge Objectives (Video): Discover how public and private companies prioritize earnings and cash flows when hedging foreign exchange (FX) risk. This video is a preview of FX Initiative’s Hedging FX Transactions course as part of Learning Objective #1. To learn more, start your FX risk management training today, which provides 24/7 365 access to our complete suite of foreign exchange (FX) continuing professional education (CPE), examples & events at FXCPE.com. Start FX Training October 15, 2019By FX Initiative Hedging FX Transactions accounting, cash, CPE, currency, derivatives, earnings, economics, education, finance, flows, forex, fxcpe, fxinitiative, hedge, hedging, international, learning, management, objectives, payments, plans, priorities, private, public, risk, training, treasury 0 0 Comment