Description

We will explore alternatives to create a presence outside the USA. From simply using vehicles like Shopify or Amazon to offer your services, to international customers, to setting up a full physical presence in other countries. What are the options available along with the pros and cons of each alternative? We will look at the successes and failures of companies that have embarked on this journey and draw insights regarding the pitfalls to avoid, including currency risk, tariffs, freight, language, and culture that can, and have, caused many good firms to fail. We will also look at the attributes that successful organizations have in common. Additionally, we will look at some of the complex accounting issues that arise when you are doing business in foreign countries, each with their own unique requirements.

Instructor: Brian Maturi, MBA, FCA

Target Audience

Corporate financial leaders, corporate financial managers, CEOs, CFOs, controllers, board members, accountants, business owners, risk managers, accounting managers, entrepreneurs, consultants, advisors and the professionals who advise them. Internal and external auditors. Any professional intereste

Course Objectives

After attending this presentation, you will be able to...Analyze why expanding internationally can be beneficial for growth and diversification.Determine how to target international opportunities.Recognize issues that financial leaders should be aware of when expanding internationally.Analyze why international trade makes economic sense.Determine how to expand from export sales to owning a business abroad.Identify barriers to effective overseas expansion.Analyze mistakes made by organizations that attempted international expansion and failed.

Prerequisites

At least six (6) months of professional financial statement analysis experience and/or at least six (6) months of professional experience in preparing or reviewing accounting processes and reports; experience working with internal clients or external clients and business leaders.