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CFE-In-Practice
Integrity. Intelligence. Independence. |
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See
our new titles, book
by
Tommy Seah, CFE Publication Price: USD299 The
aim of this Financial Management coaching guide is to provide an understanding
and awareness of both the underlying concepts and practical application of the
basics of financial management. The
readings and the coaching guide should also help to build in the mind of the
participant the ability to make critical judgments of the strengths and
weaknesses of the theories, just as it should be helping to build a critical
appreciation of the uses and limitations of the same theories and their possible
applications. By the end of the session the well prepared participant should be able to:
(New Title!) by
Tommy Seah, CFE Publication Price: USD299 "This
book, the first of its kind, offers readers an unprecedented assessment of risk
management that banks could avail themselves to prevent a repeat of the APP saga
that is unfolding now in Asia and later may well be extended to the rest of the
world. "
The
aim of hedging is either to offset or to minimize the risk of losses that an
enterprise may be exposed to due to the effect of price changes on it assets,
liabilities or future commitments. This
book is concerned with the multiplicity of hedging instruments and techniques
which have been developed in recent years.
This explosion in new instruments has occurred in response to the
volatility of interest rates, commodity prices and foreign exchange rates, which
has increased the exposure of corporations to risk of losses and the importance
of hedging as a risk management tool. In
this book these hedging instruments are divided into the following categories:
by
Tommy Seah, CFE Publication Price: USD299 Although foreign exchange is one of the more interesting areas of the bank, it is little understood by the inexperienced auditor. This lack of understanding is a result of the complexity of the concepts involved and a vocabulary which is not readily comprehensible to the uninitiated. The international banking community has, in the past few years, however, become aware of the inherent risks in foreign exchange trading. Economic integration results in an ever increasing volume of transactions to be processed while floating exchange rates escalate the risk of the business. Consequently, considerable emphasis is placed on the auditor’s ability to ensure that controls are adequate so that the degree of risk is minimized. This seminar workbook has been prepared to provide a basic understanding of trading concepts and techniques, FX accounting, the risks to which the bank is exposed, the controls which the Bank should introduce, and an approach to auditing. A careful study of this workbook will assist the auditor in performing his duties with confidence and expertise. The manual is divided into the following parts:
A number of exercises have been included which should be studied carefully. The complexity of FX concepts means that full comprehension can only be obtained once the exercises have been mastered.
by
Tommy Seah, CFE Publication Price: USD299 A money market is quite simply a market for the borrowing (taking) and lending (placing) of money. The market’s purpose is to facilitate this transfer of credit in as efficient and effective way as possible. The term money market in reality applies to a closely linked group of markets not simply one overall market. These markets provide credit in all its varied forms, for example, short, medium or long term, for fixed, reducing or revolving amounts. They have the capability of meeting the specific needs of the lenders and borrowers of money through the issuance and trading of many different market instruments. The instruments of the money market are issued by obligors of the highest credit rating and are characterized by a high degree of safety. Maturities vary between one day and several years before but typically the majority are 90 days or less. Unlike organised securities or commodities markets, the money market has no specific location. It is primarily a telephone market and as such exists in the financial centres of most advanced countries notably in New York, London, Paris, Frankfurt, Geneva, Copenhagen, Hong Kong, Singapore and Nassau. This coaching material will start by explaining the market instruments as traded in the money markets around the world and then describe in greater detail the works of the U.S. money market using XYZ Bank as a primary dealer.
by
Tommy Seah, CFE Publication Price: USD299 The
key feature of the system is that transactions are recorded in natural currency and General Ledgers are maintained for each currency. Each General Ledger provides a Spot Position account to
achieve balancing within each currency. This
account represents the net asset or liability position of the currency and
indicates the spot position held in that currency against all others. In
the consolidated balance sheet (or Trial Balance/Statement of Condition)
expressed in base currency, the net Spot Position Account for all currencies
will be zero. The system is known as Multiple Currency Accounting (MCA).
The
base currency can be any currency into which all other currency assets and
liabilities are consolidated and which currency is utilized to determine
revaluation gains (losses). U.S.
Dollar was chosen as the base currency because of the corporation being based in
the United States, being the currency in which profits (losses) are remitted to
Head Office (and ultimately are being paid to shareholders) and being the reporting
currency within the Bank's financial ‑ and management information
system. Through translation of the consolidated U.S. $ balance sheet or any
currency ledger into local currency, necessary local statutory reporting
requirements can be met. The
General Ledgers expressed in each natural currency are translated daily or
periodically into the base currency equivalent so that the U.S.
Dollar amounts are always expressed at the current spot rate of exchange.
Prior to preparation of the consolidation, the Spot Position accounts are
revalued reflecting FX gains (losses) realized.
The procedures and transaction examples are based on "MCA Concept
and Standards." |
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