FX Risk Management

Complete the FX Risk Management course!

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Course Summary

“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, former Chief Operating Officer of Goldman Sachs and former chief economic advisor to the President, highlights the important role risk management plays in achieving business success. Balancing risk and reward is a challenge for any organization, and in order to reap rewards, a firm must understand and mitigate the risks inherent in their business model. 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.

Foreign exchange risk management involves identifying, analyzing, and prioritizing various foreign currency exposures, and developing and implementing a coordinated and systematic plan that utilizes company resources efficiently and effectively to mitigate and optimize FX risk. The degree to which companies implement adequate foreign exchange risk management practices can vary substantially, from not managing the risk at all to engaging in robust hedging activities. As a result, the FX impact on the bottom line can vary widely across organizations.

It is no surprise that the organizations that successfully manage currency risk have formal written foreign exchange risk management policies to help guide them consistently throughout the year. This course offers a structured approach that highlights how well trained people, standardized operations, quality resources, and a written policy come together to create a robust foreign exchange risk management program. Upon completion of this program, you will have a formal framework for managing foreign exchange risk that can be tailored to the needs of your organization to help mitigate currency risk when transacting abroad.

Questions to Consider
  • Are you interested in reading a summary of Apple’s foreign exchange risk management plan from their 10-K?
  • Do you want to know where to begin when establishing a FX risk management program?
  • Would you like to learn how to write a foreign exchange risk management policy for your organization?
  • Have you wondered how to organize and report the results of your currency risk management progress?
  • Does your organization have enough people to effectively segregate duties for internal controls?
  • Answers to these questions are discussed in this FX Risk Management program.
Learning Objectives
  1. Recognize the role personnel, operations, and resources play in the establishment of a foreign exchange risk management program.
  2. Explore the nine essential components of a comprehensive formal foreign exchange risk management policy.
Additional Information

Presenter: Evan Mahoney, CPA
Sponsor: FX Initiative, LLC
Last Review Date: September 2023
Course Expiration: 1 Year from Enrollment Date
Duration: 1 Hour
CPE Credits: 1 CPE Credit
Program Level: Basic
Prerequisites: None
Advanced Preparation: None
Delivery Method: QAS Online Self Study
Field of Study: Management Services

To contact us about this program, including complaint, refund, and cancellation policy information, please email support@fxinitiative.com or call (312) 566-7475.


FX Initiative, LLC (Sponsor ID#112915) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Concerns regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org