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Technical

How to create an FX policy for your SME Logo cgma

  Chris Towner |   Free |   Feb 2018 |   FM magazine

FX risk can be a major factor for all organisations. Corporates tend to have the resources to deal with this but SMEs may find it difficult. This article examines the steps that can be used starting with having a strategy to deal with the exposure, quantity and size of the risk. There should be clear objectives with assigned responsibilities and systems in place for constant review. Tools available for helping in this process are also discussed.

Topics covered:
  • Management accounting: Technical: Risk management & internal control: Risk management policies & procedures, Advanced

1 Comments/Reflections

Nicole Owen

Nicole Owen Apr 2019

This article informed me of how important it is for a company to have an FX policy.