In this course we cover major US trade partners and why companies engage in international trade. There is risk involved in international trade, so we cover various methods for mitigating some of the risk, and how those methods protect the buyer or seller or both. We also discuss supply chain financing which is becoming more popular as a method for managing working capital when dealing with global business partners.
This course assists financial professionals in understanding ways to protect their organizations when they engage in international trade, which is a portal to additional revenue opportunities.
Course Collections
This course is included in the following Course Collections:
8 CoursesFundamental Skills for Enterprise Risk Management
- Enterprise Risk Management 101
- Fraud in the Workplace
- 7 Areas of Opportunity for Finance Leaders Facing Cyber Security Risks
- Sarbanes Oxley (SOX) Overview
- Understanding Methods for Mitigating International Trade Risk
- COSO 2013 Framework Requirements and Implementation Overview
- Segregation of Duties for the office of the CFO
- Behind Boardroom Doors: Maximizing the Effectiveness of the Board of Directors
Learning Objectives
- Recognize why organizations would want to engage in international trade and why it could benefit their organization
- Recognize the various ways to mitigate risk in international trade
- Recognize the reasons for using supply chain finance
- Discover the new form of risk mitigation developed by SWIFT
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Prerequisites
Prerequisite: Previous experience in corporate finance
Advanced Preparation: None