International Finance Training Agenda
"A Day in the Life of an International Company"
Recording transactions in a multicurrency environment
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Accounts payable - German supplier example |
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Accounts receivable - Japanese customer example |
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Cross
rates example - German supplier to Japanese purchaser |
The arcane art of currency translation
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Definition of basic terms |
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FASB-52 |
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FASB-8
for high inflation environments |
International Finance, Ph.D.
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Glossary of advanced terms and concepts |
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Exchange rate fluctuations and measurements |
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Little known distortions caused by inflation |
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VAT accounting |
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Deferred
taxes ... FASB 109 |
Miscellaneous financial management issues and opportunities
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Monthly pacings for budgets |
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Restatements for budgeted cash flow (and translation effects for FASB-8) |
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Maximum loan balance constraints |
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Surplus cash investment guidelines |
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Precision management: the bell-curve principle |
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Financial statement integrity |
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Transfer pricing considerations |
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Reconciliation of intercompany payables |
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The "B" card for non-reportable expenses |
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Access to business/tax/regulatory developments in overseas environments |
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Selection of independent auditors and full/limited audit requirements |
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FSE issues: estimating total cost and future tax equalization accruals |
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Physical volume measurement |
Consideration of job descriptions
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Enterprise financial manager and key staff |
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International controller |
Due Diligence
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Business proposition check list |
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Preparation of comprehensive net present value analysis (including international capital transfer effects) |
Earning a competitive advantage with MRP II
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Definitions |
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Total company involvement |
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Goals of the formal system |
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ABCD checklist |
Optimizing the enterprise one less at a time
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Addressing opportunities with JIT (Kabi-Killer example) |
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The cash flow pipeline model |
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Steps to reduce set-up time |
Computertivity: earning an ROI from information systems
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Application software selection |
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Typical system assessment findings and implications |
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Eleven-stage system implementation plan |
How to effectively manage geographically dispersed teams
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Key issues |
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Suggested strategies |