Homework: Global Financial Management & Improving Ethics
Length: 6 to 9 pages.
Competencies Measured
By successfully completing this homework, you will demonstrate your proficiency in the course competencies through the following homework guide criteria:
A. Competency A: Maximize shareholder wealth.
a. Analyze ways in which to improve ethics in finance.
b. Analyze ways in which to improve ethics in corporate governance.
B. Competency B: Strategically manage global financial environment.
a. List six major factors that distinguish financial management in firms operating entirely within a single country from those that operate in several different countries.
b. Describe common barriers to entry for a firm entering a new country for business.
c. Discuss how financial management differs from country to country.
Develop a two-part document that addresses challenges of global financial management (2 to 3 pages) and ways of improving ethics in finance and corporate governance (4 to 6 pages).
Introduction
It is important to understand the challenges of financial management in the global work environment; this is one of the key focuses of your homework.
Corporate ethics is another frequently discussed concept in the field of financial management. For example, consider the Enron scandal and the ensuing legislation to enact Sarbanes/Oxley. For your homework, you will examine other actions that can be taken to mitigate ethical problems.
Instructions
This homework consists of two parts that you should combine into one document to submit.
Part A: Challenges of Financial Management in a Global Work Environment (2 to 3 pages)
Use the Capella library and the Internet to find current articles on the relationship of the US dollar and other currencies. One resource that discusses this option often is The Economist. You will use your research as a foundation for your homework.
Use your research to address the following:
a. Describe six major factors that distinguish financial management in firms operating entirely within a single country from those that operate in several different countries.
b. Describe some of the common barriers to entry for a firm entering a new country for business.
c. Discuss how financial management varies from country to country.
Part B: Improving Ethics (4 to 6 pages)
Use the Internet and the Capella University Library to gather at least three resources about ethics and corporate governance, and then answer the following questions in the second part of your homework:
a. What can be done to improve ethics in finance?
b. What can be done to improve ethics in corporate governance?
Format your homework according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.