Week 3 Discussion 1 & 2

BUS592Week3-DiscussionForum2.docx

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Week 3 - Discussion Forum 2

Required Resources

Text

Block, S. B., Hirt, G. A., & Danielson, B. R. (2019). Foundations of financial management (17th ed.) . Retrieved from https://www.vitalsource.com/

· Chapter 6: Working Capital and the Financial Decision

· Chapter 7: Current Asset Management

· Chapter 8: Sources of Short-Term Financing

Web Page

John Deere. (n.d.). Investor relations (Links to an external site.). Retrieved from https://investor.deere.com

· This web page provides financial information about Deere & Company and will assist you in your Working Capital and The Impact of Foreign Exchange Translation on Profitability discussion forums this week. Accessibility Statement (Links to an external site.) Privacy Policy (Links to an external site.)

Recommended Resources

Articles

Buchanan, E. (2018, May 10). Cash is king: Why small businesses should care about cash-flow management (Links to an external site.). Forbes. Retrieved from https://www.forbes.com/sites/forbesfinancecouncil/2018/05/10/cash-is-king-why-small-businesses-should-care-about-cash-flow-management/#31ea330b7e01

· This article provides information about cash and may assist you in your Working Capital discussion forum this week. Accessibility Statement does not exist. Privacy Policy (Links to an external site.)

Rodriguez-Ojeda, G. (2018, October 5). Five strategies for managing a business with weak working capital (Links to an external site.). Forbes. Retrieved from https://www.forbes.com/sites/forbesfinancecouncil/2018/10/05/five-strategies-for-managing-a-business-with-weak-working-capital/#705b23f9701d

· This article provides information about working capital and may assist you in your Working Capital discussion forum this week. Accessibility Statement does not exist. Privacy Policy (Links to an external site.)

Multimedia

Bowraven. (2017, December 23). Short term business loans (Advantages, disadvantages, types and the alternative) (Links to an external site.) [Video file]. Retrieved from https://youtu.be/p7LSXBDeKUE

· This video provides details about cash management and may assist you in your Working Capital discussion forum this week. This video has closed captioning and a transcript. Accessibility Statement (Links to an external site.) Privacy Policy (Links to an external site.)

cashflowkungfu. (2012, June 21). How to manage your business cash flow effectively and efficiently (Links to an external site.) [Video file]. Retrieved from https://youtu.be/8F6X6GYKssY

Edspira. (2014, August 29). Net working capital (Links to an external site.) [Video file]. Retrieved from https://youtu.be/EovKfDwRt9Q

· This video provides details about working capital and may assist you in your Working Capital discussion forum this week. This video has closed captioning and a transcript. Accessibility Statement (Links to an external site.) Privacy Policy (Links to an external site.)

eFinancialManagement. (2017, March 11). Sources of working capital (Links to an external site.) [Video file]. Retrieved from https://youtu.be/aiGcXd2_u7I

Hallows, K. [Karen Hallows]. (2015, February 24). Calculating net working capital (Links to an external site.) [Video file]. Retrieved from https://youtu.be/h0sOrK61kEo

Walther, L. [Larry Walther]. (2010, May 18). 6 – Cash management and controls for receipts and disbursements (Links to an external site.) [Video file]. Retrieved from https://youtu.be/8xVwkBVDXkY

INSTRUCTION

Prior to beginning work on this discussion, read Chapter 7: Current Asset Management in your textbook.

There are many challenges when it comes to global strategic plans for businesses. One involves international cash management, due to the risk of currency fluctuations and interest rate changes in the global market. Review the quarterly financial statements for Deere & Company from Investor Relations (Links to an external site.)and locate the discussions about fluctuations and risk in interest rates or foreign exchange rates. Then, address the following:

· Indicate whether the foreign exchange translation has increased or decreased profitability for this quarter.

· Explain strategies a company might use to reduce the risk associated with foreign exchange fluctuations.

· Interpret the impact of foreign currency translation on profitability for Deere & Company.