“If You Don't Invest in Risk Management…” “If you don’t invest in risk-management, it doesn’t matter what business you’re in, it’s a risky business.” This quote from Gary Cohn, the current Director of the National Economic Council and the former Chief Operating Officer of Goldman Sachs, highlights the important role risk management plays in achieving business success. When it comes to international business, the reward of expanding into new markets and capturing greater profits tends to be the primary focus. However, managing risk, and in particular, foreign exchange risk, is an equally important endeavor when venturing abroad, because if not managed properly, rewards can be diminished. The following introduction video to the "FX Risk Management" course addresses the two main learning objectives that are covered throughout this highly informative hour long educational program, which include (1) to recognize the role personnel, operations, and resources play in the establishment of a foreign exchange risk management program and (2) to explore the nine essential components of a comprehensive formal foreign exchange risk management policy. Want full access? Click to subscribe today! If you are interested in learning more about managing currency risk, sign up for our Foreign Exchange Risk Management Training today and access our complete suite of foreign exchange (FX) continuing professional education (CPE), examples and events at FXCPE.com. Managing FX risk has become a higher priority for many firms for 2017 and it is now easier than ever to learn the fundamentals of currency risk management. Make this the year to reduce FX risk and reap rewards abroad by taking the FX Initiative for your international business today! Click here to start your FX Risk Management Training today! Cheers to your global organization's continued success in the new year, The FX Initiative Team support@fxinitiative.com March 6, 2017By FX Initiative FX Risk Management , Continuing Professional Education, CPE, Currency, Foreign Exchange, Gary Cohn, Goldman Sachs, Management, Operations, Personnel, Resources, Risk, FX, Policy 0 0 Comment
Learn Where to Look for FX Risks Have you wondered where to look for FX risks? Identifying foreign exchange risk exposures across the enterprise becomes much easier when you know where to look in the financial statements. Some exposures like booked receivables are highly visible, while other exposures such as forecasted revenues are not. To help understand the different FX risk types and identify their impact on the financial statements and cash flows, FX Initiative's "FX Risk Exposures" course is designed to assist global firms with identifying common foreign exchange risk exposures and assessing their firm’s overall foreign exchange risk profile. The following introduction video to the "FX Risk Exposures" course addresses the four main learning objectives that are covered in detail throughout this highly informative hour long educational program. We'll define 6 key terms for assessing a firm’s foreign exchange risk profile, and identify the 3 different types of FX risk. Additionally, we'll explore the concept of Foreign Exchange Transaction Risk and recognize its impact on cash flows and the financial statements, as well as explore the concept of Foreign Exchange Translation Risk and discover how the accounting consolidation process applies to foreign subsidiaries. Want full access? Click to subscribe today! If you are interested in learning more about currency risk, sign up for our Foreign Exchange Risk Management Training today and access our complete suite of foreign exchange (FX) continuing professional education (CPE), examples and events at FXCPE.com. Managing FX risk has become a higher priority for many firms for 2017 and it is now easier than ever to learn the fundamentals of currency risk management. Make this the year to reduce FX risk and reap rewards abroad by taking the FX Initiative for your international business today! Click here to start your FX Risk Management Training today! Cheers to your global organization's continued success in the new year, The FX Initiative Team support@fxinitiative.com February 27, 2017By FX Initiative FX Risk Exposures Assess, Continuing Professional Education, CPE, Expsoures, Identifying, Profile, Risk, Where to look, Currency, Foreign Exchange, Management 0 0 Comment
Explore How the $5+ Trillion FX Market Works Are you curious how the $5+ Trillion foreign exchange (FX) market works? FX Initiative's FX Market Overview course is packed with valuable information and unique insights to get you up to speed on the fundamentals of the foreign exchange market. This 1 hour video program is eligible for continuing professional education (CPE) credit and covers the following 4 learning objectives in detail: Explore the concepts of Economic Globalization and International Trade. Discover how the foreign exchange market is evolving and how it operates. Identify the four main categories of foreign exchange market participants. Recognize how supply and demand impacts foreign exchange rates and forecasting. The following 5 minute introduction video from FX Initiative’s newly released course titled “FX Market Overview" shares the knowledge needed to understand the fundamentals of the foreign exchange market and to navigate information in a more efficient and effective manner in pursuit of accomplishing international business objectives. Want full access? Click to subscribe today! If you found this information insightful, become a FX Initiative subscriber today and access our complete suite of foreign exchange (FX) continuing professional education (CPE), examples and events at FXCPE.com. Managing FX risk has become a higher priority for many firms for 2017 and it is now easier than ever to learn the fundamentals of currency risk management. Make this the year to reduce FX risk and reap rewards abroad by taking the FX Initiative for your international business today! Click here to subscribe > Cheers to your global organization's continued success in the new year, The FX Initiative Team support@fxinitiative.com February 20, 2017By FX Initiative FX Market Overview , Continuing Professional Education, CPE, Currency, Foreign Exchange, Management, Market, FX, Risk 0 0 Comment
Learn How to Take the FX Initiative Did you know? Fortune 500 companies are holding more than 2 trillion dollars overseas. That’s a lot of money! Some may think there’s tons of U.S. dollars abroad. The truth is...this money is foreign currency from company revenues, expenses, receivables, payables, assets, liabilities, and equity. That’s a lot of foreign currency! And a lot of currency risk! Global companies face questions of how to manage currency risk? How to draft a FX risk policy? Where to look for FX risk exposures? What currency risks to hedge and how? Which strategies meet FX hedge objectives? What are the economics? How to do FX accounting? That's a lot of questions! It's time to take the FX Initiative! FX Initiative's foreign exchange risk management training starts with watching our online video series about: Foreign Exchange (FX) Market Overview FX Risk Exposures FX Risk Management FX Spot & Derivatives Hedging FX Transactions Hedging Foreign Subsidiaries Then, review and test with quizzes and CPE exams. And reinforce learning using real examples with our: Currency Code Locator FX Risk Policy Drafter FX Derivative Speculator FX Transaction Simulator FX Subsidiary Consolidator FX Initiative training is available 24/7 365 to help you with FX risk policies, FX accounting, FX hedging strategies, and FX risk management. Are you ready to manage FX risk? Take the FX Initiative by subscribing today! Want to take the FX Initiative? Click to subscribe today! If you found this information insightful, become a FX Initiative subscriber today and access our complete suite of foreign exchange (FX) continuing professional education (CPE), examples and events at FXCPE.com. Managing FX risk has become a higher priority for many firms for 2017 and it is now easier than ever to learn the fundamentals of currency risk management. Make this the year to reduce FX risk and reap rewards abroad by taking the FX Initiative for your international business today! Click here to subscribe > Cheers to your global organization's continued success in the new year, The FX Initiative Team support@fxinitiative.com February 13, 2017By FX Initiative General Continuing Professional Education, Currency, FX, Initiative, Management, Risk, CPE, Foreign Exchange, How to 0 0 Comment