The Definitive Guide to Business Finance: What smart managers do with the numbers, Second Edition

Chapter survival toolkit

Overview

This chapter looks at how you manage the numbers of international business. The following few pages review the arithmetic and jargon of foreign exchange, the risks of doing business overseas and how you can minimize them, the finance of foreign trade, and the problems of dealing with financial transactions and accounts in foreign currencies.

Prerequisites

You can read parts of this chapter in isolation, but you need an understanding of financial statements (see especially Chapters 14, 15 and, perhaps, 18) to get the most out of it. Chapter 2 might also provide a useful refresher on international accounting standards.

Mastering international business

After reading this chapter, you should be able to answer ...