Financial managers and global environment

Financial managers and global environment

Part 2. What might they do to mitigate financial risk? Should there be global accounting standards? Why or why not?

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Mitigating financial risks is very important to the business because it will help in reducing loses. One way that the manager can do is to familiarize himself with various types of risks.  Majority of financial risks are normally categorized as either non-systematic or systematic.  Therefore, the manager can familiarize with them to ensure that they are avoided completely. The quest of having a global accounting…

APA

153 words