Global Financial Management

Firms that operate globally (either by making purchases of inputs globally, exporting to global market, or by establishing operations globally) expose themselves to greater financial risk than those firms that operate within a single nation. 

The complexity and increased risk must be managed by the financial department to ensure that strategic objectives are still met and that risks are mitigated (minimised) from global operations.

Note: There are some VERY challenging concepts in this final part of the Financial Management topic. If you are struggling, do not let them consume too much of your time. It is highly unlikely that this component of the course will be targeted with a large mark allocation in the HSC Examination - given that most of the regular Financial Management topics are already poorly understood by many students.