Karl-Heinz Klamra

Treasury in Practice Karl-Heinz Klamra

Of the 25 Dow Jones Title of the processing and manufacturing industry recorded 23 companies over the period of the years 2007- 2015, negativeTranslation - total - result. While this Translation - losses amounted in 2013 still to an average of 3.9% of the average group - profits, this quotient grew in 2014 to 11% and in 2015 even to 20.5%. At 7 groups the quotient of Translation loss 2015 to Profit 2015 amounts to 44.7% - 81.9%. These 7 US - groups could have increased her group - profits 44.7% - 81.9% in 2015 or about all 25 groups on an average 20.5% if they had neutralized their Translation - risk. In spite of these Translation - losses only 12 of these 25 groups hedged the Translation - risk by Net Investment Hedges. With increasing globalization the Translation problem will further grow. These and other interesting results from the balance - and hedge accounting analyzes with concern of these worldwide, famous US - corporations: e. g.: 3M, Apple, Boeing, Caterpillar, Chevron, Cisco, Coca - Cola, Du Pont, Exxon Mobil, General Electric, IBM, Intel, Mc Donald, Merck, Microsoft, Nike, Pfizer, Procter & Gamble, Walt Disney and Wal - Mart - Stores. Previously published books:1) IRFS 9: Risk - Controlling IAS 39 / IFRS 7 - Hedge Accounting VI2) IFRS 9: Analyse der Fehler IAS 39 / IFRS 73) Currency Headwinds - - Hedge Accounting V4) Currency Headswind - Hedge Accounting V - Treasury in der Praxis5) Treasury in Practice: 25 Dow Jones Groups- Hedge Accounting IV6) Treasury in der Praxis: Devisen - und Derivate Management7) Currency - and Financial Derivative Management in Practice: Hedge Accounting III8) Mrd. Grab Devisenmanagement Teil III: Hedge Accounting III - 67 europäische Konzerne - 618 Mrd. Probleme9) Treasury in Practice: Translation - Risk, Fair Value Hedge and Cash Flow Hedge: Hedge Accounting II10) Mrd. - Grab Devisenmanagement Teil II: Hedge AccountingSoon appears: Hedge Accounting VII - Master MindIFRS 9 - RoutenplanerCorporate Finance