This CPE course is included in the 50+ hours of CGMA Strategic Management Accounting. It can also be purchased individually or as a part of Governance and Risk Management.

Financial Risk Management (Modules 11-15) first examines many aspects of financial risk, and methods used to endure their effects. This CPE course focuses on the translation of the financial statements of a foreign operation, in the context of that operation being a subsidiary. It then focuses on aspects of currency risk and forecasting their effects, as well as types of interest rate risk and methods used to manage such risk.

The course also examines the ramifications of capital investment risk, including cost and value adjustment. Finally, it addresses possible stakeholder conflicts that result from capital investment risks, and how to coordinate post-completion audits.

Courses Included

• Financial Risk Management
• Foreign Currency Risk Management and Translation
• Interest Rate Risk Management
• Cost of Capital and Capital Investment Decisions
• Investment Strategy, Appraisal, and Stakeholder Management

Topics Discussed

• Financial risks facing an organization.
• The impact on the group financial statements of consolidating a foreign subsidiary.
• Appropriate methods for identification and management of financial risks associated with international operations.
• The effects of economic factors that affect future cash flows from international operations.
• Appropriate methods for the identification and management of financial risks associated with debt finance.
• Investment projects.
• Conflicts that may arise from capital investment decisions.
• Post implementation and post completion projects.

Learning Objectives

When you complete this course, you will be able to:

• Evaluate financial risks facing an organization.
• Demonstrate the impact on the preparation of the consolidated financial statements of certain complex group scenarios.
• Evaluate alternative risk management tools.
• Evaluate the risks arising from changes in the environment for capital investment appraisal.

Who Will Benefit?

• CGMA exam candidates
• Management accountants wanting to develop skills in governance and risk management

DISCOUNTS

CGMA designation holders qualify for additional discounts on this product.

In order to receive your special pricing, you must be registered and signed in. View the complete list of development products available on CGMA.org.