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CPE Self-Study
Foreign Currency Risk Management and Translation
NASBA FIELD OF STUDY
Business Management and Organization, Finance
LEVEL
Intermediate
CPE CREDITS
Online: 2.5
This CPE course provides you with the technical knowledge required for the CGMA exam related to strategic management accounting. It focuses on aspects of currency risk and forecasting their effects.

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.

CPE On-Demand
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Product details

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.

Ratings and reviews
Author(s)

Kaplan Publishing Limited

Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

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Price:
$65.00
Member Quantity:
Nonmember Quantity:
Quantity:
Estimated total:
$65.00
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CREDIT INFO
CPE credits
Online
: 2.5
NASBA Field of Study
Business Management and Organization, Finance
Level
Intermediate
Prerequisites
Management accounting experience or the equivalent
ADVANCE PREPARATION
None
Delivery Method
QAS Self-Study
Course acronym
SMA-GRMF2
GROUP PRICING
Contact a representative for group pricing.
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