Essentials of Financial Risk Management by Karen A. Horcher

By Karen A. Horcher

A concise creation to monetary hazard administration ideas, guidelines, and techniques
This excellent consultant for company execs specializes in strategic and administration concerns linked to monetary threat. necessities of economic threat administration identifies risk-mitigation guidelines and techniques; feedback for settling on an organization's probability tolerance; and assets of hazard linked to currency trading premiums, rates of interest, credits publicity, commodity costs, and different similar occasions. Examples illustrate hazard situations and provide tips about an array of administration possible choices, together with adjustments within the means company is carried out and hedging techniques concerning derivatives.

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Sample text

It involves and impacts many parts of an organization including treasury, sales, marketing, legal, tax, commodity, and corporate finance. The risk management process involves both internal and external analysis. The first part of the process involves identifying and prioritizing the financial risks facing an organization and understanding their relevance. It may be necessary to examine the organization and its products, management, customers, suppliers, competitors, pricing, industry trends, balance sheet structure, and position in the industry.

Foreign Exchange Risk Foreign exchange risk arises through transaction, translation, and economic exposures. It may also arise from commodity-based transactions where commodity prices are determined and traded in another currency. Foreign exchange risk is discussed in more detail in Chapter 4. Transaction Exposure Transaction risk impacts an organization’s profitability through the income statement. It arises from the ordinary transactions of an organization, including purchases from suppliers and vendors, contractual payments in other currencies, royalties or license fees, and sales to customers in currencies other than the domestic one.

Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation.

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