Course Overview
This course (Parts 1 through 4) 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.
For companies that are engaged in international business, national differences in banking, commercial laws, regulations, and political stability also complicate decision making. Today's investors must also understand the effects of, and interactions among, exchange rates, inflation rates, and interest rates if they wish to maximize their returns and minimize their risks.
The study of multinational finance constitutes an essential component of a modern business education. The subject multinational finance is offered in a variety of titles including international finance, global finance, international financial management, or financial management of multinational corporations etc. at both the undergraduate and graduate levels.
Controllers' Guide to Multinational Financial Management (Parts 1 through 4) provides a clear and concise introduction to international finance. This course is written and compiled for working professionals engaged in the fields of international finance, global trade, foreign investments, and banking. It may be used for both day-to-day practice and for technical research. This course is a practical reference of proven techniques, strategies, and approaches that are successfully used by professionals to diagnose multinational finance and banking problems. The course covers virtually all important topics dealing with multinational business finance, investments, financial planning, financial economics, and banking. This course will benefit accountants, practicing financial analysts, CFOs, controllers, financial managers, treasurers, money managers, fund managers, investment analysts, and professional bankers, who are engaged in multinational operations.
Controllers' Guide to Multinational Financial Management (Parts 1 through 4) will enlighten the practitioner by presenting the most current information, offer important directives, and explain the technical procedures involved in the aforementioned dynamic business disciplines. The course applies to large, medium, or small multinational companies. It will help you to make smart decisions in all areas of international finance and banking.
You'll find ratios, formulas, examples, applications, exhibits, charts, and rules of thumb to help you analyze and evaluate any global finance-related situation.
"Important: This course was previously titled as "Controllers Guide to Multinational Financial Management: Part 2 (Updated)" Please be aware that the content or course code has not changed."
Learning Objectives:
After completing this course, the course participant should be able to:
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 2007-2010. Identify the influence of interest rates on a country's currency. Recognize the implications of the interest rate parity (IRP) theory. 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, interest rate, and inflation rate as it relates to the financial market efficiency.
Identify how the efficient market hypothesis is used to predict the foreign exchange rates.
Content Partner:
SmartPros Ltd.
SmartPros Ltd. is a leader in online and offline continuing education for
accounting, finance and engineering professionals. With over 2,000 hours of
content, SmartPros has been providing mandatory continuing education
products since 1981. SmartPros provides services and content to its
professional and corporate clients, in a variety of media including Web, CD
ROM, and video. In the accounting market, SmartPros also has a predominant
news and information portal which receives 200,000+ visits per month and
provides services to over 100,000 subscribers. SmartPros' customers include
50% of the Fortune 500, as well as the major firms and associations in each
of its professional markets.
Speaker / Author:
Steve Spafford, MBA, CPA, has over 20 years’ experience as a CPA working with large public accounting firms, and in numerous executive roles at multinational public corporations. He is a member of DeltaCPE LLC, a leading publisher of continuing professional education courses for CPAs, and has edited CPA ethics courses provided to over 35 states.
Software & Hardware Requirements:
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56k or Greater Internet Connection
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Adobe Acrobat® Reader for the .pdf files
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Adobe® Flash® Player 9 or higher
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Modern DHTML Compatible Browser
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Ram: 256 MB minimum
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Windows or Mac OS