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Technical

Foreign Currency Risk Management and Translation Logo cgma

  Kaplan Publishing Limited |   $55.00 - 65.00 |   CPE: 2.5 |   AICPA |   Mar 2015 |   Business Mgmt. & Organization |   AICPA Store

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.

This CPE course begins with a discussion on understanding exchange rates, and outlines methods to forecast such figures. It discusses theories such as the purchasing power parity theory (PPPT), the interest rate parity theory (IRPT), and the International Fisher Effect. It examines the stages of financial risk management, and discusses several methods of managing exposure to currency risk. It explains external hedging, multilateral netting, currency forward contracts, money market hedges (MMH), currency futures, currency options, foreign exchange swaps, and provides case studies for each aspect of currency risk management.

Topics Discussed

  • Exchange rate theory and the impact of differential inflation rates on forecast exchange rates.
  • Theory and forecasting of exchange rates (e.g. interest rate parity, purchasing power parity and the Fisher effect).
  • Internal hedging techniques.
  • Operation and features of the more common instruments for managing currency risk: swaps, forward contracts, money market hedges, futures and options.
  • Black Scholes option pricing model variables

Learning Objectives

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

  • Recognize the effects of exchange rate theory and the impact of differential inflation rates on forecast exchange rates.
  • Identify internal hedging techniques.
  • Calculate components related to the more common instruments for managing currency risk: swaps, forward contracts, money market hedges, futures and options.

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.

Topics covered:
  • Management accounting: CGMA exam preparation: CPA pathway to CGMA, Intermediate
  • Management accounting: Technical: Risk management & internal control: Risk identification & assessment, Foundational
  • Management accounting: Technical: Risk management & internal control: Risk identification & assessment, Intermediate
Who Will Benefit?
  • CGMA exam candidates
  • Management accountants wanting to develop skills in governance and risk management
Topics Discussed
  • Exchange rate theory and the impact of differential inflation rates on forecast exchange rates.
  • Theory and forecasting of exchange rates (e.g. interest rate parity, purchasing power parity and the Fisher effect).
  • Internal hedging techniques.
  • Operation and features of the more common instruments for managing currency risk: swaps, forward contracts, money market hedges, futures and options.
  • Black Scholes option pricing model variables
Learning Objectives

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

  • Recognize the effects of exchange rate theory and the impact of differential inflation rates on forecast exchange rates.
  • Identify internal hedging techniques.
  • Calculate components related to the more common instruments for managing currency risk: swaps, forward contracts, money market hedges, futures and options.

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.

This CPE course begins with a discussion on understanding exchange rates, and outlines methods to forecast such figures. It discusses theories such as the purchasing power parity theory (PPPT), the interest rate parity theory (IRPT), and the International Fisher Effect. It examines the stages of financial risk management, and discusses several methods of managing exposure to currency risk. It explains external hedging, multilateral netting, currency forward contracts, money market hedges (MMH), currency futures, currency options, foreign exchange swaps, and provides case studies for each aspect of currency risk management.

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